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If everything that could come out does come out, and this is just the tip of the iceberg, it should mean the end of the UN as we know it. If I were the Iraqis, I wouldn't let this rest. They've got more power than they know.

In May 1993, Vittor was the principal, managing partner, and trader for Falcon Trading Group, Ltd. ("Falcon"), which was then a registered broker-dealer and NASD member. On June 27, 1994, the NASD’s Market Surveillance Committee ("MSC") took disciplinary action against Vittor and Falcon for failing to honor trades in securities of a company called Spectrum Information Technologies, Inc. ("Spectrum") and for associating with Philip Gurian ("Gurian"), an individual whose registration the NASD had previously revoked.1 Specifically, the MSC ordered Vittor and Falcon to pay restitution to Paine Webber, Inc. and Lehman Brothers, Inc. and fined Vittor and Falcon for failing to honor these trades and for associating with Gurian.

Documents recently discovered by the Coalition Provisional Authority, and corroborated by interviews with former Iraqi officials, confirm that Saddam Hussein extorted cash kickbacks from companies trading with Iraq under the U.N. Oil-for-Food Program. The most damning document is a memo dated Aug. 3, 2000, by Iraqi Vice President Taha Yassin Ramadan (now in U.S. custody) instructing his ministers to tell their suppliers to inflate their prices by the "biggest percentage possible."