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Hedging the trial penalty
Although some have questioned his business ethics, no one has ever questioned that legendary Houston oilman Oscar Wyatt is good at hedging risk. After Wyatt was sentenced yesterday to a year in prison as a result of his plea deal...
Oscar Wyatt cops a plea
83 year old Houston oilman Oscar S. Wyatt, Jr. ended an ordeal that could have resulted in a life prison sentence yesterday when he agreed to plead guilty (Chron stories here and here) to one count of conspiracy to commit...
The Wyatt Oil-for-Food Trial
83-year old legendary Houston oilman Oscar Wyatt will be fighting to live the remainder of his life as a free man beginning today in a U.S. District Courtroom in New York City. Wyatt is being tried on criminal charges that...
Oscar Wyatt's Oil-for-Food motion to dismiss
Lawyers for Oscar S. Wyatt Jr. have filed a motion to dismiss criminal conspiracy charges against the longtime Houston oilman in connection with the United Nations' Oil-for-Food scandal in which they contend that the federal charges are retaliation for his...
Oscar Wyatt indicted in Oil-for-Food scandal
Colorful Houston oilman Oscar Wyatt -- who was once described as a businessman who would not be afraid of dealing with the Devil himself -- was arrested yesterday morning in Houston and charged in New York with bribing Iraqi officials...
Oscar Wyatt's deal with the devil
This NY Times article follows up on last week's news that longtime Houstonian Oscar Wyatt is one of three individuals and four companies that federal investigators are focusing on for who allegedly receiving vouchers for oil from Saddam Hussein as...
Iraq Oil-for-Food Probe hits Houston
This New York Times article reports that federal investigators are focusing on four American oil companies and three U.S. citizens with Houston connections who allegedly received vouchers for oil from Saddam Hussein as he sought to flout United Nations sanctions....
El Paso finally files 10-K
As expected, Houston-based El Paso Corp. disclosed a huge loss for 2003 and restated previous financial results in a delayed Form 10-K filing with the Securities and Exchange Commission. El Paso posted a full-year 2003 loss of $1.93 billion, or...
Enron finalizes pipeline deal
Enron Corp. agreed to sell its CrossCountry Energy business to a venture of Southern UnionCo. and a General Electric Co. unit in a deal the companies valued at $2.45 billion. CrossCountry Energy holds Enron's interests in three domestic natural-gas pipelines...
Chiseling in on Oscar Wyatt's Enron asset play
Reuters reported Tuesday that Enron Corp. has received an offer for its CrossCountry Energy unit from an unidentified "investment-grade company" that is substantially larger than the earlier bid that Houston oilman Oscar Wyatt's company made earlier this year. This Chronicle...
Oscar Wyatt makes big Enron asset play
This NY Times article reports on Enron Corp.'s announcement today that, subject to Bankruptcy Court approval, it has agreed to sell for $1.8 billion its most valuable remaining pipeline assets to a company run by colorful Houston billionaire Oscar Wyatt,...
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