FIFA - Part 2

Posted by Alexa Foxon June 3, 2016

FIFA CORRUPTION:

Today, more information has been released on the corruption with FIFA. The last FIFA blog post, "Who Does FIFA Answer to?", focused on the May, 2015 corruption that was uncovered by the FBI. The president at the time was Sepp Blatter.  U.S. law firm, Quinn Emanuel Urquhart & Sullivan, have performed extensive research and analysis on FIFA in the past year and the findings are shocking. 

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Tags: scandal, FIFA Reform, fifa, bonuses, executives, bonus, Corruption, salary

Who Does FIFA Answer to?

Posted by Alexa Foxon May 16, 2016

FIFA Headquarters - Zurich, Switzerland

The Fédération Internationale de Football Association, founded in 1904, as the governing body of association football, futsal and beach soccer for Belgium, Denmark, France, Germany, the Netherlands, Spain, Sweden and Switzerland. Today FIFA dominates the soccer and sport industry  with over 210 national associations worldwide.

FIFA's 2015 Corruption:

In May of 2015, 14 people were indicted in connection with an investigation by the United States FBI and the IRS Criminal Investigation Division into wire fraud, racketeering, and money laundering. The United States Attorney General simultaneously announced the unsealing of the indictments and the prior guilty pleas by 4 football executives and 2 corporations. Stepp Blatter led FIFA since 1998, but stepped down after the 2015 corruption was uncovered.  He was suspended from Football for 6 years after breaching ethics guidelines. The U.S got involved because of suspicion of bribes of about $150 million in 2010. After uncovering the wire fraud and money laundering, the U.S asked other countries to step in and investigate as well, but that is up to the individual country and government. 

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Tags: audit, Scala, irs, FIFA Reform, auditor, reform, compliance, fraud, money laundering, Corruption, wire fraud, fbi