27 May, 2015

FIFA Rocked as U.S. Charges 14 in Corruption Investigation - WSJ

FIFA Rocked as U.S. Charges 14 in Corruption Investigation - WSJ: The U.S. and Swiss probes detail by far the most far-reaching accusations against the group, formally known as the International Federation of Association Football. The 47-count indictment released by the Justice Department accuses two generations of soccer officials of working with sports marketing executives to shut out competitors and keep lucrative contracts for themselves. Prosecutors allege U.S. and South American sports marketing executives paid more than $150 million in bribes and kickbacks to FIFA officials to obtain media and marketing rights to international soccer tournaments.