In a surprise twist, yesterday the lawyers came together in the Oscar Wyatt Oil for Food trial and Oscar pleaded guilty to one count of conspiracy to commit wire fraud. He claims it is because he is 83 years old and doesn't want to waste any more time on this trial. Pesky thing that it is. The billionaire oil man with the international jet setting wife is doing a bit of spin control.
Oscar is full of baloney.
Oscar Wyatt is known as a junkyard dog style of businessman. He never accepts defeat, according to those doing business with him. He has even sued his brother in law over business dealings. To accept he just wants to 'get it over with' in this case seems quite a stretch to me. Looks like he is taking a page out of Sen. Craig's playbook and just admitting guilt to be finished with the legal issues.
Wyatt will be sentenced November 27. He faces between 18 to 22 months in jail and a fine of $11 million. I heard on the local news last night Oscar has been told he'll be able to report to serve his time at a later date so that he can have Christmas at home.
Looks like Santa came early this year.