The New York Post is reporting that Marc Rich, the billionaire financier who was awarded a “midnight pardon” in one of President Clinton’s last acts in office, is “a central figure” in the U.N. Oil-for-Food corruption scandal:

Billionaire Marc Rich has emerged as a central figure in the U.N. oil-for-food scandal and is under investigation for brokering deals in which scores of international politicians and businessmen cashed in on sweetheart oil deals with Saddam Hussein, The Post has learned.

Rich, the fugitive Swiss-based commodities trader who received a controversial pardon from President Bill Clinton in January 2001, is a primary target of criminal probes under way in the U.S. attorney’s office in New York and by Manhattan District Attorney Robert Morgenthau, sources said.

“We think he was a major player in this — a central figure,” a senior law-enforcement official told The Post.

[...]

Investigators say they have received information that Rich and Ben Pollner, a New York-based oil trader who heads Taurus Oil, set up a series of companies in Liechtenstein and other countries that they used to put together deals between Saddam and his international supporters in the controversial oil-voucher scheme — which the dictator designed to win international support against U.S. sanctions at the United Nations.

Under the scam, hundreds of international political and financial figures from France, Russia and other countries were awarded middleman vouchers allowing them to purchase set quantities of Iraqi oil at discount rates.

[...]

Investigators now believe Rich and Pollner brokered many of the deals by finding buyers for the oil allocated to people who were bribed by Saddam. The discount Iraqi oil would be resold to major oil companies at higher prices and Rich and Pollner would pocket percentages of the profits, worth hundreds of millions of dollars, sources said.

[...]

In January 2001, in the final hours his presidency, Clinton bypassed law-enforcement and intelligence agencies to wipe the books clean for Rich after being subjected to intense lobbying from former Israel Prime Minister Ehud Barak and Rich’s jet-setting ex-wife, Denise, who donated more than $1 million to Democratic campaigns — including Sen. Hillary Rodham’s first Senate race — along with an additional $450,000 to Clinton’s library fund.

Interesting.