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  • Va. firm pleads in oil-for-food scandal

    10/20/2005 9:38:48 AM PDT · by NormsRevenge · 4 replies · 415+ views
    ap on Bakersfield Californian ^ | 10/20/05 | Samuel Maull - ap
    NEW YORK (AP) - A Virginia oil trading company has pleaded guilty to grand larceny in the United Nations oil-for-food scandal, prosecutors said Thursday. Midway Trading of Reston, Va., was accused of being part of a scheme to pay kickbacks to Iraq in connection with oil purchases made under the program, Manhattan District Attorney Robert Morgenthau said. The company will pay a $250,000 fine for its guilty plea to first-degree grand larceny, Morgenthau said. Midway and a trading partner, Bulf Oil, are accused of paying more than $440,000 in kickbacks to Iraqi officials in connection with oil purchases, but falsely...