The storm around FIFA continues to grow as Sepp Blatter is reportedly under investigation by Swiss authorities for violating his fiduciary duties by redirecting funds for the personal benefit of other members. It is thought that a 2005 sale of TV rights to a company affiliated with Jack Warner and a 2011 payment to Michel Platini are at the heart of the investigation.
The BBC has an excellent article covering the report, I suggest you take a read over there. Full article>>
The New York Times is reporting that top officials of FIFA have been arrested in Zurich on charges of corruption and face extradition to the United States. The US Department of Justice indictment names 14 people on charges including racketeering, wire fraud and money laundering conspiracy. Among those named are Jeffrey Web, president of CONCACAF, Jack Warner, former president of CONCACAF, Eugenio Figueredo, former VP of CONMEBOL and Jose Maria Marin, president of the Brazilian FA.
“The indictment alleges corruption that is rampant, systemic, and deep-rooted both abroad and here in the United States,” said United States Attorney General Loretta E. Lynch.
United States officials also revealed that four people, including the former FIFA executive Chuck Blazer, and two sports marketing companies had entered guilty pleas. Blazer forfeited $1.9 million when he entered his guilty plea in 2013, and agreed to make a second payment at sentencing
Sepp Blatter was not named in the indictments. FIFA is scheduled to complete an election this Friday to determine its leader for the next four years.