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...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!