Probation for Trader in Oil-for-Food Fraud

By Alan Feuer 
December 14, 2007
The New York Times 
Source: http://www.nytimes.com/2007/12/14/world/14briefs-oil.html?_r=1&oref=slogin&pagewanted=print

Ludmil Dionissiev, an oil trader, was sentenced in New York to two years of probation and a $5,000 fine for his role in a conspiracy to defraud the United Nations oil-for-food program in Iraq during Saddam Hussein’s rule. He pleaded guilty in August to federal fraud and conspiracy charges after admitting that he had negotiated purchases of Iraqi oil for a Texas oil company, Bayoil USA, at illegally inflated prices.