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Oil-Food Report: $1.8bn Diverted to Hussein Regime (Marc Rich implicated)
CNN ^ | Oct. 27, 2005 | CNN

Posted on 10/27/2005 7:02:32 PM PDT by FairOpinion

Former Iraqi President Saddam Hussein manipulated the United Nations oil-for-food program so that his regime received $1.8 billion in illicit payments, a U.N.-backed independent report said Thursday.

The investigation, led by former Federal Reserve Chairman Paul Volcker, said kickbacks came from some 66 member states and illicit surcharges came from 40 member states.

The report also said Marc Rich & Co. financed 4 million barrels of oil under a 9.5-million-barrel contract awarded to the European Oil and Trading Co. (EOTC), a French-based shell company.

"Surcharges were imposed on the oil," the report said, and "Marc Rich & Co. directed BNP Paris not to disclose its identity to BNP NY in connection with its financing of the U.N. contract."

It added, "According to an individual familiar with the companies, EOTC and Marc Rich & Co. agreed that the premium paid to EOTC would cover a commission and a surcharge.

"The premium paid by Marc Rich & Co. of 30-40 cents per barrel was sufficiently high to cover both."

(Excerpt) Read more at ksbitv.com ...


TOPICS: Crime/Corruption; Foreign Affairs; Front Page News; News/Current Events; War on Terror
KEYWORDS: asprinfactorybomber; clinton; clintonsbuddy; iraq; marcrich; oilfoodreport; oilforfood; pardon; saddam; sleazeball; volcker; volckerreport
FLASHBACK:

http://abcnews.go.com/WNT/story?id=295926&page=1

"Former American fugitive Marc Rich was a middleman for several of Iraq's suspect oil deals in February 2001, just one month after his pardon from President Clinton, according to oil industry shipping records obtained by ABC News.

1 posted on 10/27/2005 7:02:34 PM PDT by FairOpinion
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To: FairOpinion

I wouldn't be surprised if Clinton figures in there somewhere, beyond the pardon.


2 posted on 10/27/2005 7:03:47 PM PDT by scott7278 (I would like to meet Jill Wagner, the Mercury girl. Crazy 'bout a Mercury.)
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To: FairOpinion

Heck .. only 9.5 million barrels? Is that all?
Galloway had 18 or 19 ,, What a bunch of scumbags, hanging is too good for them.


3 posted on 10/27/2005 7:04:33 PM PDT by NormsRevenge (Semper Fi ... Monthly Donor spoken Here. Go to ... https://secure.freerepublic.com/donate/)
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To: NormsRevenge

The 9.5 million is what we know about.


4 posted on 10/27/2005 7:05:17 PM PDT by scott7278 (I would like to meet Jill Wagner, the Mercury girl. Crazy 'bout a Mercury.)
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To: scott7278

Is there a legal reason that the Marc Rich pardon can't be investigated?


5 posted on 10/27/2005 7:05:55 PM PDT by ncountylee (Dead terrorists smell like victory)
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To: scott7278

"I wouldn't be surprised if Clinton figures in there somewhere, beyond the pardon."

===


BINGO!


Maybe Marc Rich fronted for Clinton and THAT's why Clinton pardoned him, to keep him from spilling the beans.


I wonder how much money Clinton got from oil for food?


6 posted on 10/27/2005 7:06:20 PM PDT by FairOpinion (CA Props: Vote for Reform: YES on 73-78, NO on 79 & 80, NO on Y)
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To: ncountylee
Is there a legal reason that the Marc Rich pardon can't be investigated?

It falls under the IBC rule -- It's Bill Clinton.

7 posted on 10/27/2005 7:07:43 PM PDT by scott7278 (I would like to meet Jill Wagner, the Mercury girl. Crazy 'bout a Mercury.)
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To: FairOpinion

Unbelievable!


8 posted on 10/27/2005 7:07:55 PM PDT by Chicos_Bail_Bonds
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To: FairOpinion

This will get some play tonight in the media...at least until the 13 month indictment 24/7 circus starts tomorrow and relinquishes with the lynching of a conservative(s) somewhere.

Priorities, priorities....the media sure have them don't they. Marc should be strung up by his sweaty....


9 posted on 10/27/2005 7:08:48 PM PDT by Chicos_Bail_Bonds
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To: NormsRevenge

The most tragic part of all this is the fact that the left will sit on their hands and banners that say "No Blood For Oil!" and ignore the people who actually were putting it into practice.

This is why I hate and despise the left.


10 posted on 10/27/2005 7:08:59 PM PDT by baystaterebel (http://omphalosgazer.blogspot.com/)
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To: ncountylee

Let's start by investigating Marc Rich's participation in the oil for food fraud and see where that may lead us.

"Volcker said the commission members would make themselves and their information available to any law enforcement or regulatory agencies that might want to pursue particular cases, but would disband in about a month."


11 posted on 10/27/2005 7:10:51 PM PDT by FairOpinion (CA Props: Vote for Reform: YES on 73-78, NO on 79 & 80, NO on Y)
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To: FairOpinion

So let's appoint a special prosecutor to look into the Marc Rich pardon and whether or not his wife, Denise Rich was involved, many suspect she was one of Bubba's bimbos.


12 posted on 10/27/2005 7:12:01 PM PDT by lexington minuteman 1775
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To: FairOpinion

No worries for Marc Rich...President Hillary will pardon him...again! ;-)


13 posted on 10/27/2005 7:14:06 PM PDT by Fledermaus (For years Rush has said the left would really go off the deep end once out of power. He was right!)
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To: lexington minuteman 1775

That would probably happen if he was a Republican. But it won't...


14 posted on 10/27/2005 7:14:31 PM PDT by skikvt
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To: lexington minuteman 1775

Clinton got dirty money, at the very least and I bet he knew all about it, and some.

"The news comes as a federal grand jury in New York continues to probe the Clinton pardon. Rich's ex-wife, Denise, also gave more than $400,000 to the Clinton presidential library and prosecutors have continued to investigate if that was a payoff; Clinton and Denise Rich (search) both deny those allegations."

March 03, 2005

http://www.foxnews.com/story/0,2933,149345,00.html

And whatevery came of THIS investigation????


15 posted on 10/27/2005 7:14:33 PM PDT by FairOpinion (CA Props: Vote for Reform: YES on 73-78, NO on 79 & 80, NO on Y)
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To: FairOpinion
I wonder how much money Clinton got from oil for food?

I have wondered the same thing. He seems to be doing quite well for himself.

16 posted on 10/27/2005 7:14:41 PM PDT by andie74 (Adoption is proof that God answers prayers.)
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To: FairOpinion
Let's start by investigating Marc Rich's participation in the oil for food fraud and see where that may lead us.

Maybe start by looking in to who is funding all the "speaking fees" he has been earning since he left Washington.

17 posted on 10/27/2005 7:17:50 PM PDT by operation clinton cleanup
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To: FairOpinion

Could the fact be brought to light that Hillary Clinton's senate campaign was funded through dirty money that was gleaned from Oil for Food? Didn't Denise Rich contribute heavily to Hillary's campaign?


18 posted on 10/27/2005 7:18:30 PM PDT by LoudRepublicangirl (loudrepublicangirl)
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To: lexington minuteman 1775
I'd like to turn Guiliani loose on these slime bags.
19 posted on 10/27/2005 7:42:44 PM PDT by headstamp
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To: FairOpinion

Clinton sure is leaving one hell of a legacy!


20 posted on 10/27/2005 7:44:23 PM PDT by Just Lori (Tony Schaeffer, Curt Weldon, Able Danger....... PAY ATTENTION.)
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To: FairOpinion

I allways thought it would lead back to Bubba...


21 posted on 10/27/2005 8:13:14 PM PDT by Crim (I may be a Mr "know it all"....but I'm also a Mr "forgot most of it"...)
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To: FairOpinion
not that my tinfoil hat is wrapped too tight, but is there a tining thing between this and the Valerie Plame railroading indictments?
22 posted on 10/27/2005 8:35:21 PM PDT by castlebrew (true gun control is hitting where you're aiming!)
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To: BARLF

mark


23 posted on 10/27/2005 8:46:35 PM PDT by BARLF
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To: FairOpinion

Seething Hatred BUMP!


24 posted on 10/27/2005 8:49:18 PM PDT by PGalt
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To: FairOpinion
So Saddam gives Marc Rich money, Marc Rich gives the DNC and Clintons money...which mean the DNC and Clintons are funded by Saddam?
25 posted on 10/27/2005 8:58:58 PM PDT by highlander_UW (I don't know what my future holds, but I know Who holds my future)
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To: scott7278
I wouldn't be surprised if Clinton figures in there somewhere, beyond the pardon.

Wouldn't be surprised, eh? If Tradesports would put up a contract on it I'd buy every one I could.

26 posted on 10/27/2005 9:15:38 PM PDT by the invisib1e hand (I must be a little punk, because coffeebreak said so.)
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To: FairOpinion

Here's a monkeywrench for y'all.

Lewis "Scooter" Libby was Marc Rich's attorney...


27 posted on 10/28/2005 6:09:37 AM PDT by adam_az (It's the border, stupid!)
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To: adam_az

"Lewis "Scooter" Libby was Marc Rich's attorney..."


Seriously????


28 posted on 10/28/2005 7:42:10 AM PDT by FairOpinion (CA Props: Vote for Reform: YES on 73-78, NO on 79 & 80, NO on Y)
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To: FairOpinion

Well now I know wht BNP had that shredding party in Jersey earlier this year.


29 posted on 10/28/2005 7:57:38 AM PDT by EQAndyBuzz (Liberal Talking Point - Bush = Hitler ... Republican Talking Point - Let the Liberals Talk)
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To: FairOpinion

yep


30 posted on 11/01/2005 6:01:49 AM PST by Homer1
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To: FairOpinion
Libby even defended Clinton's pardon of Rich
31 posted on 11/01/2005 6:04:28 AM PST by Homer1
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To: FairOpinion

Did some of Rich's money from the starving Iraqi children fund the double-wide on stilts there on the Arkansas River in LR?


32 posted on 11/01/2005 6:13:29 AM PST by steveyp
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To: FairOpinion
I wonder how much money Clinton got from oil for food?

Clinton, funneled thru Marc Rich's former wife, received a $450,000 contribution to the Clinton library in Little Rock.

33 posted on 11/01/2005 6:21:54 AM PST by BluH2o
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