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Marketplace Morning Report

FIFA officials charged with corruption

Tobin Low May 27, 2015
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Here’s what we know:

Seven FIFA soccer officials were arrested early Wednesday morning in Zurich as they prepared for their annual meeting.

-Nine FIFA officials and five corporate executives have been charged by the U.S. with a scheme that has allegedly been going on for 24 years, involving more than $150 million in bribes and kickbacks.

-A separate investigation by the Swiss Government was also launched to look into the 2018 and 2022 World Cup.

-The seven officials who await extradition to the U.S. for trial are FIFA Vice President Jeffrey Webb, FIFA Vice President Eugenio Figueredo, Eduardo Li, Julio Rocha, Costas Takkas, Rafael Esquivel and José Maria Marin.

-The arrests and charges come ahead of Sepp Blatter’s expected re-election as president of FIFA—it would be his fifth term. So far, Blater is not among those who have been charged with corruption.

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