I would say the male con is killing the oscars at night when the lights are out. The convict cihlid in the presence of young are insane. I had a 4 inch male that was breding kill an 8 inch jaguar cichlid in a 125 one time.
I agree with this 100% I had Oscars killed by Convicts, and Blue Acaras and I also had Convicts kill Jack Dempseys. Oscars are sissy-fish and generally don't do well in aggressive community tanks....the Oscar always needs to be the BOSS in most instances.
Convicts are nasty, but breeding convicts are completely psychotic and relentless. I'm willing to bet $$$ that the Convicts are the cause of it.
You also must consider Cichlids are very intelligent and they will not do ccertain things when you are watching....they will literally wait until the coast is clear to start wreaking havoc. All of a sudden, you wake up nd check on your fish and there is nothing but a trail of corpses left in the tank and a pair of Convicts giving you puppydog-eyes like "It wasn't me, dude....they were like that when we got here"