uscitizen
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Mar 7, 2:45 PM EST
Oil Exec Gets Prison for UN Scheme
By LARRY NEUMEISTER
Associated Press Writer
NEW YORK (AP) -- A Texas oil executive was sentenced Friday to two years in prison for approving the payment of millions of dollars in kickbacks to Saddam Hussein's Iraq regime so he could secure large oil shipments through a United Nations program.
U.S. District Judge Denny Chin also fined David Chalmers $9 million. He sentenced Chalmers' companies, Bayoil USA and the Bahamas-based Bayoil Supply & Trading Ltd., to three years probation.
Chalmers pleaded guilty in August to conspiracy to commit wire fraud. Without a deal with prosecutors, he could have faced more than 60 years in prison.
http://hosted.ap.org/dynamic/stories/O/OIL_FOR_FOOD?SITE=FLTAM&SECTION=US
funny his name does not sound French...
all that fuss about the oil for food stuff and he gets 2 years.
Oil Exec Gets Prison for UN Scheme
By LARRY NEUMEISTER
Associated Press Writer
NEW YORK (AP) -- A Texas oil executive was sentenced Friday to two years in prison for approving the payment of millions of dollars in kickbacks to Saddam Hussein's Iraq regime so he could secure large oil shipments through a United Nations program.
U.S. District Judge Denny Chin also fined David Chalmers $9 million. He sentenced Chalmers' companies, Bayoil USA and the Bahamas-based Bayoil Supply & Trading Ltd., to three years probation.
Chalmers pleaded guilty in August to conspiracy to commit wire fraud. Without a deal with prosecutors, he could have faced more than 60 years in prison.
http://hosted.ap.org/dynamic/stories/O/OIL_FOR_FOOD?SITE=FLTAM&SECTION=US
funny his name does not sound French...
all that fuss about the oil for food stuff and he gets 2 years.