Houston oil boys accused of playing bad with the Oil-For-Food program

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Secret bank accounts, millions of dollars in funneled funds – just another day for the two local oil boys who have been accused of “fixing oil prices and paying illegal surcharges.” (via The Chronicle)

“..the defendants were essentially diverting funds that otherwise would have been deposited into the oil-for-food escrow account, from which humanitarian aide to the Iraqi people was to be paid,” said David Kelley, the U.S. attorney for the Southern District of New York.

100 million bucks man. Craziness. Thoughts?

1 Comment so far

  1. Ricky (unregistered) on April 17th, 2005 @ 9:54 pm

    It doesn’t surprize me because we also had the Enron scandal here,too.



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