US hands Swiss bank red card in FIFA bribe scandal

Published by
AFP

New York (AFP) – Swiss Bank Julius Baer admitted it participated in money laundering of $36 million in bribes in the “FIFAgate” scandal over television broadcast rights, US officials announced on Thursday. The bank admitted in federal court that it conspired to launder the funds through the United States to officials with FIFA and soccer federations in the Americas. “Their behavior has earned them the equivalent of a red card, and the money the bank now owes the US government is more than double what it admits to laundering,” FBI Assistant Director-in-Charge William F. Sweeney Jr said in a sta…

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