t r u t h o u t - Texas Oil Tycoon Charged in Oil-for-Food Scandal: "New York - US prosecutors have charged a Texas oil tycoon and two Swiss executives and their companies with paying secret kickbacks to Iraq in the UN oil-for-food program.

    

Tycoon Oscar Wyatt, the former Coastal Corp. chairman, was arrested in Houston, Texas, on Friday, prosecutors said, becoming one of the highest profile figures ensnared so far in the scandal. The two Swiss nationals are being sought for extradition.

    

The US Attorney for the Southern District of New York charged Wyatt along with Catalina del Socorro Miguel Fuentes, alias Cathy Miguel, and Mohammed Saidji. All three face up to 62 years in prison and heavy fines if convicted."

(Via t r u t h o u t.)