Wednesday, May 27, 2015


The answer is; CORRUPTION.

Two criminal investigations into corruption at football's world governing body Fifa are under way, with seven top officials arrested in Zurich.

The seven are among 14 indicted on corruption charges in a US inquiry, the US Department of Justice said.

The second criminal case was launched by Swiss prosecutors into the bids for the 2018 and 2022 World Cups, to be held in Russia and Qatar respectively.

The U.S. is examining banks’ conduct as part of a wide-ranging corruption probe of international soccer that has led to charges against 14 people, including officials with the sport’s organizing body.

Money involved in the two-decade-old bribery scheme passed through U.S. banks including Citigroup Inc. and JPMorgan Chase & Co., according to the U.S. Justice Department’s indictment. That helps give the U.S. the right to pursue prosecutions against the foreign nationals involved, and also to examine the role of the banks, acting U.S. Attorney Kelly Currie in Brooklyn, N.Y., said at a news conference Wednesday.

Read the full FIFA indictment here.

“Our investigation is going to look at a broad area of conduct,” Currie said. “A lot of the banking institutions and the ways these moneys were funneled passed through the U.S.”