Sun, 14 Aug 2022

US Distributes $92 Million to Soccer Corruption Victims

Voice of America
01 Jul 2022, 16:05 GMT+10

New York - The U.S. Justice Department has distributed about $92 million in additional compensation from money forfeited by convicted officials and associated companies resulting from the government's prosecution of corruption in soccer.

The money is for compensation for losses sustained by FIFA, the Confederation of North and Central American and Caribbean Football, the South American governing body CONMEBOL and various national soccer federations.

The Justice Department last August recognized losses of more than $201 million in the cases, which began with indictments in May 2015, and it announced then an initial $32.2 million payment to a 'World Football Remission Fund' overseen by the FIFA Foundation charity.

FIFA's charity supports school projects, helps the sport recover after natural disasters, develops women's and girls' soccer and a FIFA Legends program that uses former players as ambassadors. The money was obtained in forfeitures to federal court in Brooklyn.

More than 50 people and corporate entities have been charged, mostly for giving and receiving bribes and kickbacks and laundering payments in arrangements between sports marketing companies and soccer officials for media and marketing rights to soccer events.

Twenty-seven individuals and four corporate entities have pleaded guilty, Former CONMEBOL President Juan Angel Napout and former Brazilian Football Confederation President Jose Maria Marin, who was the head of Brazil's organizing committee for the 2014 World Cup, were convicted in December 2017 and banks have acknowledged roles in criminal conduct through deferred prosecution and nonprosecution agreements.

'Over much of the past decade, this investigation and prosecution has concentrated on bringing wrongdoers to justice and recovering ill-gotten gains,' Breon Peace, the U.S. attorney for the Eastern District of New York, said in a statement Thursday.

'Our office, working in collaboration with our law enforcement partners and colleagues in the Department of Justice, will continue our work to compensate victims of crime.'

More Venezuela News

Access More

Sign up for Venezuela News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!