Monday, December 13, 2004

Gosh, I hope we don't have to see that Rich bitch again!

Billionaire Marc Rich has emerged as a central figure in the U.N. oil-for-food scandal and is under investigation for brokering deals in which scores of international politicians and businessmen cashed in on sweetheart oil deals with Saddam Hussein, The Post has learned.

Rich, the fugitive Swiss-based commodities trader who received a controversial pardon from President Bill Clinton in January 2001, is a primary target of criminal probes under way in the U.S. attorney's office in New York and by Manhattan District Attorney Robert Morgenthau, sources said.

"We think he was a major player in this — a central figure," a senior law-enforcement official told The Post.
Ruh Oh! I have a question though.
Investigators are looking into a series of deals that took place in the months after his pardon from Clinton. If criminal wrongdoing is established in these deals, he could be subject to prosecution.
That answers it.
Investigators say they have received information that Rich and Ben Pollner, a New York-based oil trader who heads Taurus Oil, set up a series of companies in Liechtenstein and other countries that they used to put together deals between Saddam and his international supporters in the controversial oil-voucher scheme — which the dictator designed to win international support against U.S. sanctions at the United Nations.

Under the scam, hundreds of international political and financial figures from France, Russia and other countries were awarded middleman vouchers allowing them to purchase set quantities of Iraqi oil at discount rates.
Investigators now believe Rich and Pollner brokered many of the deals by finding buyers for the oil allocated to people who were bribed by Saddam. The discount Iraqi oil would be resold to major oil companies at higher prices and Rich and Pollner would pocket percentages of the profits, worth hundreds of millions of dollars, sources said.
Sounds like ole Marc really reformed, eh Bubba? Based on his past history, I'm sure Marc isn't going anywhere near the long arm of the US law, but you never know.
So intense is the interest of prosecutors in the Rich connection that Pollner was recently "grabbed" and questioned by investigators from Morgenthau's office as he was on his way to Kennedy Airport for an overseas trip, a law-enforcement official told The Post.

In an angry confrontation that followed, Pollner told the New York investigators that they had no jurisdiction over oil deals that took place outside the United States and refused to cooperate, an official familiar with the interrogation said.
Air drop him over Kurdish or Shiite territory. I'm sure they have jurisdiction.

Or just threaten to - think how cool it would be if Rich and his pal copped a plea by turning in Bubba!