FIFA Officials Arrested on Corruption Charges


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A 47-count indictment was unsealed early this morning in federal court in Brooklyn, New York, charging 14 defendants with racketeering, wire fraud and money laundering conspiracies, among other offenses, in connection with the defendants

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heard about this on NPR this morning on the drive into work.

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Maybe I am missing the problem.. so they took bribes on where to host a soccer match?  How is this an issue.. I mean if your country can't afford to pay a bit more to host it.. maybe it shouldn't be there in the first place?  Same for marketing.. if you can't afford to beat out the big guys monetarily... then focus on something you can do.

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Maybe I am missing the problem.. so they took bribes on where to host a soccer match?  How is this an issue.. I mean if your country can't afford to pay a bit more to host it.. maybe it shouldn't be there in the first place?  Same for marketing.. if you can't afford to beat out the big guys monetarily... then focus on something you can do.

John Oliver had a nice bit on why

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Maybe I am missing the problem.. so they took bribes on where to host a soccer match?  How is this an issue.. I mean if your country can't afford to pay a bit more to host it.. maybe it shouldn't be there in the first place?  Same for marketing.. if you can't afford to beat out the big guys monetarily... then focus on something you can do.

 

/facepalm.  You are an ........

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Maybe I am missing the problem.. so they took bribes on where to host a soccer match?  How is this an issue.. I mean if your country can't afford to pay a bit more to host it.. maybe it shouldn't be there in the first place?  Same for marketing.. if you can't afford to beat out the big guys monetarily... then focus on something you can do.

 

From http://www.justice.gov/opa/pr/nine-fifa-officials-and-five-corporate-executives-indicted-racketeering-conspiracy-and

 

Jeffrey Webb and Jack Warner

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Are FIFA members elected or a publically traded entity? I don't know how their structure works, because I thought bribery only impacted elected officials or law enforcement? It's not illegal to bribe a private company... heck it happens ALL the time in private industry.. I guess since they are such a huge organization though it could be considered racketeering to control areas / influence though..

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Are FIFA members elected or a publically traded entity? I don't know how their structure works, because I thought bribery only impacted elected officials or law enforcement? It's not illegal to bribe a private company... heck it happens ALL the time in private industry.. I guess since they are such a huge organization though it could be considered racketeering to control areas / influence though..

 

Bribery for elected officials / parties in the US is called "Campaign Contributions". Perfectly legal for external countries to donate to the Hillary Foundation for "favours". Happens ALL the time ;)

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Bribery for elected officials / parties in the US is called "Campaign Contributions". Perfectly legal for external countries to donate to the Hillary Foundation for "favours". Happens ALL the time ;)

hey it's all about how you write the numbers off, once you mess up that you're corrupt *lol*

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John Oliver had a nice bit on why

 

 

Thanks for the video.  I don't really watch soccer so I wasn't really aware of the issues surrounding it.

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All I can say is its about time.

Kind of interesting that the FBI got involved and were able to make the arrests

FIFA is an NGO (similar to the IOC) - therefore, bribery and corruption charges apply.  In addition (because FIFA is not based in the US) the Foreign Corrupt Practices Act (FCPA) also applies (it would also apply were FIFA a foreign corporation) to any Americans charged in the cases.  (Was there not a similar case involving the IOC four decades back?)

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Are FIFA members elected or a publically traded entity? I don't know how their structure works, because I thought bribery only impacted elected officials or law enforcement? It's not illegal to bribe a private company... heck it happens ALL the time in private industry.. I guess since they are such a huge organization though it could be considered racketeering to control areas / influence though..

 

It Is totally illegal to bribe a private company in the US. See the Foreign Corrupt Practices Act for reference.

 

http://www.acc.com/legalresources/publications/topten/SLD-FCPA-Compliance.cfm

 In essence, the Anti-Bribery Provisions make it a crime for any US individual, business entity or employee of a US business entity to offer or provide, directly or through a 3rd party, anything of value to a foreign government official with corrupt intent to influence an award or continuation of business or to gain an unfair advantage. The Accounting Provisions basically make it illegal for a company that reports to the SEC to have false or inaccurate books or records or to fail to maintain a system of internal accounting controls.   

 

Furthermore, the bribery and money laundering charges involve US banks so the US DOJ has authority on the matter.

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Because its a crime.

 

I look at it like you are just paying a little extra to get what you need.

 

/facepalm.  You are an ........

######? That doesn't really give two ######? Yes.. I am.  Thanks for making an entire post to draw that out of me.  :D

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It Is totally illegal to bribe a private company in the US. See the Foreign Corrupt Practices Act for reference.

 

http://www.acc.com/legalresources/publications/topten/SLD-FCPA-Compliance.cfm

 

 

Furthermore, the bribery and money laundering charges involve US banks so the US DOJ has authority on the matter.

If it's illegal to bribe a private company, why do we always get kickbacks for signing a client or making a deal? That's all technically bribery, but then I'm not talking about an international organization though... I never deal at an international level :laugh:

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If it's illegal to bribe a private company, why do we always get kickbacks for signing a client or making a deal? That's all technically bribery, but then I'm not talking about an international organization though... I never deal at an international level :laugh:

 

I guess it is because I work in a company that deals internationally and that the DOJ is targeting bigger businesses because fines are quite **ahem* heavy.

It is not just kickbacks, it could be paying clients' spouses some shopping vacation, too lavish entertainment, hiring the brother-in-law of a client as a special consultant, any dirty tactic of gaining advantages while doing business. Or as it is called in Washington D.C., Weekdays evening.

I guess that the FIFA investigation is a start: I will be happier when certain banking or lending entities get blasted too

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The corruption has been known for quite some time and I believe the U.S. was asked to help in this matter...they have done a good job. Qatar getting a World Cup was a bit much and may have put it over the edge. Next stop....I.O.C. dealings....(wishful thinking on my part)...Cheers

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The Farce Is Complete: FIFA, Qatar Donated To The Clinton Foundation

 

 

Earlier today, when commenting on the latest global criminal scandal, that of "rampant corruption" at FIFA, we - jokingly - said: "And now we just sit back and wait to see how many of the defendants sent "donations" to the Clinton Foundation and how many speeches Hillary and/or Bill gave at the Baur au Lac in the past two decades."

Then we decided to make sure the joke wouldn't be on us and that FIFA hadn't indeed donated to the Clinton foundation.

The joke was on us... because not only did FIFA donate to the Clinton Foundation...

As a reminder, the reason why in addition to the DOJ indictment, the Swiss opened a criminal probe into alleged graft linked to the to the 2010 award of the 2018 and 2022 World Cups to Russia and Qatar. Perhaps the Swiss should have a chat with Hillary: she may be able to provide them with some "clues" on just how the decision was made.

Because what better way to mask pervasive global, criminal corruption than to "hide" it in plain view and to dress it in the most noble of causes?

 

For full article:

http://www.zerohedge.com/news/2015-05-27/farce-complete-fifa-qatar-donated-clinton-foundation

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