"Let's put the United Nations in charge!"

Claudia Rosett on Oil-for-Terror:

It's looking more and more as if one of the best reasons to get rid of Saddam Hussein was that it was probably the only way to get rid of Oil-for-Food. The problem wasn't simply that this huge United Nations relief program for Iraq became a gala of graft, theft, fraud, palace-building and global influence-peddling--though all that was quite bad enough. The picture now emerging is that under U.N. management the Oil-for-Food program, which ran from 1996-2003, served as a cover not only for Saddam's regime to cheat the Iraqi people, but to set up a vast and intricate global network of illicit finance.
...
In Oil-for-Food, "Every contract tells a story," says John Fawcett, a financial investigator with the New York law firm of Kreindler & Kreindler LLP, which has sued the financial sponsors of Sept. 11 on behalf of the victims and their families. In an interview, Mr. Fawcett and his colleague, Christine Negroni, run down the lists of Oil-for-Food authorized oil buyers and relief suppliers, pointing out likely terrorist connections. One authorized oil buyer, they note, was a remnant of the defunct global criminal bank, BCCI. Another was close to the Taliban while Osama bin Laden was on the rise in Afghanistan; a third was linked to a bank in the Bahamas involved in al Qaeda's financial network; a fourth had a close connection to one of Saddam's would-be nuclear-bomb makers.

More by following the link.

Dang, I see that the Instapundit already caught this one. He also links to James Morrow's report from Downunder, UN apologists remain silent on oil scandal:

ABC viewers were shocked to learn last week that the man who spent six years administering the UN's Iraqi oil-for-food program stood accused of receiving millions of dollars in bribes from Saddam Hussein's regime. The official, Benon Sevan, had conveniently slipped off to a Queensland resort as the scandal broke and gave reporters who showed up on his hotel doorstep a brusque "no comment" before retreating to the comforts within.

But the ABC that aired the story and tracked Sevan down in Noosa Heads was not Australia's taxpayer-financed broadcaster but the American television network. Meanwhile, Australia's ABC has remained virtually silent on the story, choosing to run little more than a couple of newswire stories on Sevan's trip on their website.

The editorial decision to turn a blind eye to the story puts the ABC in good company with other Western news outlets, most of which have taken a see-no-evil approach to one of the biggest corruption scandals in modern history: the systematic purchasing of friends and allies by the Iraqi dictator.

All the news that fits, James!

But by far the biggest recipient of Saddam's largesse was the UN. During the program's existence, more than $US1 billion was kept by the organisation as a fee for administering the program. As one senior UN diplomat recently told London's Daily Telegraph: "The UN was not doing this work just for the good of Iraq. Cash from Saddam's government was keeping the UN going for a few years."

Amazingly, though, it has taken an incredible amount of time for this story to get what little traction it has so far gained in the media. (Certainly the anti-war Left, which is happy to believe that George W. Bush toppled Saddam to kick a few contracts to Dick Cheney's old pals at Halliburton, has been deafeningly silent on the topic.)

Perhaps because of all the DIY international lawyering engaged in by the world press corps in the run-up to Iraq's invasion, many journalists are reluctant to admit that the UN they put so much faith in was many times more corrupt than they could imagine the Bush White House being.
...
But the naive belief among journalists with little or no international law background that no military action is legitimate without the UN's seal of approval is one thing. The continued fetishistic belief of politicians and opinion-makers in the supposed good intentions of the UN is another -- and it is something that needs to end immediately.

Marks figuring out the con? Not likely, because they love the fantasy so much.