US businessman gets fine, probation in UN oil-for-food probe

NEW YORK (AP) -- An Iraqi-American businessman who admitted helping Saddam Hussein's government in the oil-for-food scandal has been fined $300,000 and sentenced to probation.

A federal judge in Manhattan says Samir A. Vincent provided substantial assistance to the U.S. government after his arrest. The oil trader from Virginia testified at two trials - including one that was interrupted when Texas oilman Oscar Wyatt pleaded guilty to conspiracy.

Vincent operated a company called Phoenix International.

The United Nations oil-for-food program produced an estimated $67 billion for humanitarian needs in Iraq. But a CIA report says it also was used by Saddam to generate kickbacks that totaled another $1.7 billion.

631 SW Commerce Pl. Topeka, Kansas 66615 phone: 785-272-6397 fax: 785-272-1363 email:
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 18145144 -
Gray Television, Inc.