Strange that I can find no reference to this in the NY Times.
An investigative report on the United Nations' oil-for-food program concluded it was beset by chronic mismanagement and outright corruption. (Full report) (Wall Street Journal)
Had to scroll a bit, but finally found at least SOME mention in the Washington Post. Oh duh, forgot. Most of the reporters are busy helping the New Orleans Police find dry shoes.
Oil-For-Food Probe: UN Needs Overhaul to Stop Fraud (The Washington Post)
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