Report Cites U.S. Profits in Sale of Iraqi Oil Under Hussein

[gldstwmn]

Originally Posted by strandinthewind

Am I missing something because I do not see where or how Wyatt did anything illegal - Granted dealing with Iraq is suspect on any level, but if he had the govt.'s approval and it was through a UN program - it was above board so to speak.

It's not known whether the rules were circumvented or not. That is why they are investigating.

Tony Fratto, a Treasury Department spokesman, said United States sanctions on Iraq had prohibited American companies and individuals from interacting directly with Iraqi officials. But the oil dealers were permitted to get special authorization from the federal government to bid on United Nations contracts under the oil-for-food program. He said the agency was "actively investigating" whether the American entities and people circumvented that requirement.