Banks Brace For More Bad News In FIFA Bribery Case
Law360, New York (May 29, 2015, 6:33 PM EDT) -- Banks face a potential new round of bad publicity and fines as law enforcement agencies and regulators around the world investigate their roles in the estimated $150 million in bribes allegedly paid to top FIFA officials.
Charging documents filed in Brooklyn federal court Wednesday in the FIFA case — where nine top world soccer officials and five corporate executives were charged with 47 counts of racketeering, wire fraud and money laundering conspiracies — name 26 banks through which illicit payments were routed and accounts were maintained. That puts those banks, which range from global giants such as JPMorgan Chase & Co., Citigroup...
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