ID: ARW-59
Bayoil Corporation / Oscar J. Wyatt, Jr. (UN Oil-for-Food Programme)
In 2007, Mr. Wyatt, founder of the US energy company Coastal Corporation, entered into a plea agreement with the United States Attorney for the Southern District of New York in relation to his involvement in the UN Oil-for-Food scheme. As part of his plea agreement, Mr. Wyatt agreed to pay $11,023,245.91 in restitution to the victims of his crime. The Government's Sentencing Memorandum stated that the people of Iraq were among the victims of the scheme and that the restitution paid be transferred the Development Fund for Iraq for use to benefit the Iraqi people. (Source: US v. Wyatt, Case No. 1:05-cr-59 (D.D.C.), Government Sentencing Memorandum filed November 26, 2007.)
In 2007, Mr. Wyatt pleaded guilty to one count conspiracy to commit wire fraud, and subsequently sentenced to one year' imprisonment. (Source: United States Attorney for the Southern District of New York, "Texas Oilman Sentenced to One Year in Prison for Conspiring to Make Illegal Payments to the Former Government of Iraq," November 27, 2007.)
The prosecuting authority/civil attorney(s) was the United States Attorney for the Southern District of New York.
The court involved was the United States District Court for the Southern District of New York.
The Government Sentencing Memorandum stated the need to pay restitution to the victims, i.e. people of Iraq. (Source: US v. Wyatt, Case No. 1:05-cr-59 (SDNY), Government Sentencing Memorandum filed November 26, 2007.)
Assets returned
Restitution to people of Iraq via Development Fund of Iraq