Settlements

ST-148
El Paso Corporation / Oscar J. Wyatt, Jr.
El Paso Corporation
United States
United States Attorney for the Southern District of New York
Iraq (UN Oil-for-Food)
2007
10/01
Unknown
Individual
Criminal
Guilty Plea
Criminal Restitution
$11,023,245.91
$0
$11,023,245.91
$11,023,245.91
Restitution to Iraq via Development Fund for Iraq
Art.16
Art. 1, Art. 7
Conspiracy to commit wire fraud, Wire Fraud and others
Conspiracy to commit wire fraud
Yes
According to the Court Docket Report in US v. Wyatt, on October 1, 2007, Mr. Wyatt, charged with numerous misconduct related to the UN Oil-for-Food Programme a co-defendant in the case, changed his plea during mid-trial to a plea of guilty to one count conspiracy to commit wire fraud; on November 28, 2007, he was ordered to pay $11,023,245.91 in restitution (Source: US v. Wyatt, Case No. 1:05-cr-00059-DC (S.D.N.Y.), Court Docket Report retrieved January 5, 2012.) According to the US Government's Sentencing Memorandum, "In light of Wyatt's conduct, the parties have agreed in the Plea Agreement that Wyatt should forfeit $11,023,245.91. That is the total value of: [1] the SOMO satellite communications services that Wyatt paid for (approximately $3,400,000), see supra; [2] the Phase 8 surcharge payment that Wyatt caused to be paid (220,000 Euros - approximately $200,000), see supra; and [3] the surcharge payments made in connection with the Phase 9-12 Nafta and Mednafta oil allocations (approximately $7,423,246). In the Government?s view, an appropriate representative of the people of Iraq for these purposes is the Development Fund for Iraq ("DFI"), an entity that has, according to published reports, received more than 2 billion dollars on behalf of the Iraqi people, and which has used the funds at its disposal to, among other things, buy wheat for the Iraqi people, and to improve the country's now-damaged electrical infrastructure. In connection with this matter, the United States Attorney's Office will work to transfer any funds forfeited by Wyatt to the DFI." The Government's Sentencing Memorandum also noted that Mr. Wyatt used Cypriot "Front Companies" in carrying out his misconduct. (US v. Wyatt, Case No. 1:05-cr-59-DC (S.D.N.Y.), Government Sentencing Memorandum filed November 26, 2007.)