Friday, December 25, 2015

Charges against world soccer officials include money-laundering, wire fraud

Latest: Corruption and Money Laundering.

Walter De Gregorio, FIFA director of communications and public affairs, gestures during a news conference at FIFA headquarters in Zurich, Switzerland, on May 27. Seven soccer officials were arrested in Zurich on Wednesday and detained pending extradition to the United States over suspected corruption at soccer's governing body FIFA, the Swiss Federal Office of Justice said in a statement. Photo by Ruben Sprich/Reuters

Money-laundering, wire fraud


WalterFA director of communications and public affairs, gestures during a news conference at FIFA headquarters in Zurich, Switzerland, on May 27. Seven soccer officials were arrested in Zurich on Wednesday and detained pending extradition to the United States over suspected corruption at soccer’s governing body FIFA, the Swiss Federal Office of Justice said in a statement. Photo by Ruben Sprich/Reuters
Seven officials with the world soccer body Federation Internationale de Football Association, or FIFA, were arrested Wednesday, charged with racketeering, wire fraud and money-laundering after a sweeping probe alleging corruption spanning two decades.
Fourteen people, including nine FIFA officials and five corporate executives, wereindicted by the U.S. Department of Justice.
Of the 14 indicted, four individual defendants and two corporations already have pleaded guilty in the U.S. soccer corruption investigation alleging bribes totaling more than $150 million to obtain media and marketing rights to World Cup soccer tournaments.
Attorney General Loretta Lynch announced the charges on Wednesday. “The indictment alleges corruption that is rampant, systemic, and deep-rooted both abroad and here in the United States,” said Lynch. “It spans at least two generations of soccer officials who, as alleged, have abused their positions of trust to acquire millions of dollars in bribes and kickbacks.


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