Last week the Swiss Bank Julius Baer admitted to laundering more than $36 million in bribes paid by sports marketing companies to soccer officials in exchange for broadcasting rights to soccer matches.
In this #CriminalThread, we look back on the FIFA corruption scandal.🧵👇⚽️
In this #CriminalThread, we look back on the FIFA corruption scandal.🧵👇⚽️
In 2015, US authorities unveiled a sweeping, years-long probe into corruption within the international soccer organization known as FIFA. Millions of dollars in bribes were paid in exchange for marketing and broadcast rights.
bit.ly/3pamVde
bit.ly/3pamVde
Several Latin American media giants were at the heart of the scandal. Between early 2013 and mid-2015, the Swiss bank admitted to conspiring with a range of sports marketing executives to launder multimillion-dollar bribes paid to them and others.
bit.ly/3uHgy2g
bit.ly/3uHgy2g
The FIFA corruption investigation uncovered the many ways in which elite officials within soccer's main governing body create various schemes to line their own pockets, but it remains to be seen if the case will go far enough to address the institution's corruption problem.
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