ADVERTISEMENT
  • Contact Us
  • Articles
  • Nollywood Snippets
  • Romance
  • Special Report
  • US This Week
  • Brain Teasers
  • Music Gists
  • From The NGOs
  • Advertisement
  • Privacy Policy
DGovScoops
  • Home
  • Politics
  • Business
  • Nation
  • World
  • Sports
  • Tech
  • Entertainment
No Result
View All Result
  • Home
  • Politics
  • Business
  • Nation
  • World
  • Sports
  • Tech
  • Entertainment
No Result
View All Result
DGovScoops
No Result
View All Result
Home Sports

FIFA awarded $201m in compensation for corruption of former Executives

dgovscoops by dgovscoops
August 25, 2021
in Sports
0 0
0
Sport: European Super League: Chelsea, Others Takes FIFA To Court.
0
SHARES
25
VIEWS
Share on FacebookShare on Twitter
">
ADVERTISEMENT

 

By Jennifer Ugwueke

Six years after FIFA was thrown into crisis by a dawn raid at a luxury hotel in Zurich, world football’s governing body is set to share $201 million in compensation for crimes committed by a generation of senior officials.

That raid, conducted by the Swiss authorities on behalf of the US Department of Justice, led to dramatic changes at FIFA, most notably the downfall of former president Sepp Blatter, and resulted in indictments for more than 40 administrators and executives.

Earlier this week at a court in Brooklyn, former El Salvador football federation boss Reynaldo Vasquez became the 27th man to plead guilty to fraud charges related to the sale of broadcast and marketing rights. Four corporate entities have pleaded guilty to similar offences, while two others have been found guilty after trials.

The compensation pot is made up of money seized from these companies and individuals.

FIFA, under new management since 2016, has always maintained it was the victim, not the perpetrator, of these crimes and will share the damages with CONCACAF, the confederation which runs the game in North and Central America, and its South American counterpart CONMEBOL.

“The approval of this remission of funds illegally obtained in the FIFA scandal marks another important milestone in these prosecutions and the department’s commitment to use all tools at its disposal to prosecute corruption and to deprive perpetrators of ill-gotten gains,” said Assistant Attorney General Kenneth A. Polite Jr. of the Justice Department’s Criminal Division.

“This remission highlights the importance of asset forfeiture as a critical tool for the recovery of criminal proceeds and the pursuit of justice.”

“Today’s announcement confirms that money stolen by corrupt soccer officials and sports marketing executives through fraud and greed will be returned to where it belongs and used to benefit the sport,” said Acting U.S. Attorney Jacquelyn M. Kasulis for the Eastern District of New York.

“From the start, this investigation and prosecution have been focused on bringing wrongdoers to justice and restoring ill-gotten gains to those who work for the benefit of the beautiful game. Our office, together with our law enforcement partners, will always work to compensate victims of crime.”

">
  • Trending
  • Comments
  • Latest
BREAKING NEWS: BIDEN APPOINTS KOGI-BORN FEMALE INTO HIS CABINET

BREAKING NEWS: BIDEN APPOINTS KOGI-BORN FEMALE INTO HIS CABINET

January 13, 2021
Oba of Benin finally opens up, Advises on the candidate to vote for in the forthcoming Edo Governorship Election

Oba of Benin finally opens up, Advises on the candidate to vote for in the forthcoming Edo Governorship Election

August 28, 2020
An Apprentice At Chucks Supermarket Paid us to Kill the Owner- Suspect

An Apprentice At Chucks Supermarket Paid us to Kill the Owner- Suspect

July 29, 2020

Breaking News: Isanlu Robbery: Police Arrests Suspects

June 18, 2020
Publisher’s Comment

Publisher’s Comment

2
Breaking News: Tribunal Dismisses PDP’s Petition, affirms Bello of the APC as Governor

Breaking News: Tribunal Dismisses PDP’s Petition, affirms Bello of the APC as Governor

1
COVID-19: INEC to receive names of Edo, Ondo guber candidates online, says e-voting will begin in 2021

COVID-19: INEC to receive names of Edo, Ondo guber candidates online, says e-voting will begin in 2021

1
Governors reject Buhari’s order on state legislature, judiciary

Governors reject Buhari’s order on state legislature, judiciary

1
Supporters, Friends hosted Dinner in Abuja Wednesday in honour of Hon James Faleke on his Doctorate Degree Award

Supporters, Friends hosted Dinner in Abuja Wednesday in honour of Hon James Faleke on his Doctorate Degree Award

November 16, 2023
Deputy National Publicity Secretary of APC, Hon Duro Meseko’s daughter, Emmanuella Graduates with super honours in Law at Afe Babalola University

Deputy National Publicity Secretary of APC, Hon Duro Meseko’s daughter, Emmanuella Graduates with super honours in Law at Afe Babalola University

October 21, 2023
Pantami Kickstarts Landmark Broadband Projects, Presents Book

NCC Restores Regulatory Services to Globacom

October 12, 2023
JUST IN: 4.48million apply for N-Power jobs

We Suspended N-Power Programme in order to Remodel It-Minister

October 8, 2023

Recent News

Supporters, Friends hosted Dinner in Abuja Wednesday in honour of Hon James Faleke on his Doctorate Degree Award

Supporters, Friends hosted Dinner in Abuja Wednesday in honour of Hon James Faleke on his Doctorate Degree Award

November 16, 2023
Deputy National Publicity Secretary of APC, Hon Duro Meseko’s daughter, Emmanuella Graduates with super honours in Law at Afe Babalola University

Deputy National Publicity Secretary of APC, Hon Duro Meseko’s daughter, Emmanuella Graduates with super honours in Law at Afe Babalola University

October 21, 2023
Pantami Kickstarts Landmark Broadband Projects, Presents Book

NCC Restores Regulatory Services to Globacom

October 12, 2023
JUST IN: 4.48million apply for N-Power jobs

We Suspended N-Power Programme in order to Remodel It-Minister

October 8, 2023
DGovScoops

Dear readers, welcome to the fresh soothing world of exclusive scoops from the No1 exclusive story merchants of the industry. We are poised to exercise our mandate as "watchdog of the society" with all sense of patriotism and responsibility.

Browse by Category

  • Articles
  • Brain Teasers
  • Breaking News
  • Business
  • Crime
  • Education
  • Entertainment
  • From The NGOs
  • Health
  • Latest News
  • Lifestyle
  • Music Gists
  • Nation
  • Nollywood Snippets
  • Politics
  • Romance
  • Special Report
  • Sports
  • Tech
  • US This Week
  • World

Recent News

Supporters, Friends hosted Dinner in Abuja Wednesday in honour of Hon James Faleke on his Doctorate Degree Award

Supporters, Friends hosted Dinner in Abuja Wednesday in honour of Hon James Faleke on his Doctorate Degree Award

November 16, 2023
Deputy National Publicity Secretary of APC, Hon Duro Meseko’s daughter, Emmanuella Graduates with super honours in Law at Afe Babalola University

Deputy National Publicity Secretary of APC, Hon Duro Meseko’s daughter, Emmanuella Graduates with super honours in Law at Afe Babalola University

October 21, 2023
  • Contact Us
  • Articles
  • Nollywood Snippets
  • Romance
  • Special Report
  • US This Week
  • Brain Teasers
  • Music Gists
  • From The NGOs
  • Advertisement
  • Privacy Policy

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
21