Skip to main content

It is hard to elicit any kind of sympathy for FIFA, the spectacularly cruel, corrupt and careless governing body for international soccer. And yet, for the second time in as many months, here we are. But where the 12 biggest teams in Europe managed to outdo FIFA and its regional and national constituents at one of its own games—greed—Julius Baer has done so on another FIFA specialty, bribery, as even bestowed upon it and one of its most open-handed components a term even rarer than “good guy”: victim.

Julius Baer Group AG agreed to pay about $80 million to resolve a criminal charge stemming from a U.S. investigation into bribery involving the world soccer federation FIFA.

A subsidiary of the Swiss bank entered into an agreement with prosecutors to defer a money-laundering conspiracy charge during a virtual hearing before a federal judge in Brooklyn, N.Y., on Thursday….

FIFA and its South American governing body, Conmebol, were victims of the bribery, District Court Judge Pamela Chen said during Thursday’s hearing.

Julius Baer Resolves FIFA-Related Probe by U.S. Prosecutors [WSJ]

For more of the latest in litigation, regulation, deals and financial services trends, sign up for Finance Docket, a partnership between Breaking Media publications Above the Law and Dealbreaker.



Goldman Said Sorry, Doesn’t Think It Should Have To Also Say ‘Guilty’

Also, isn’t a $2 billion fine for ripping a country off of $6.5 billion sort of excessive, when you think about it, Attorney General Barr?


Unfortunately, Bribery To Remain Illegal During Pandemic

In case you were thinking of using some of your PPP money that way.


Turns Out Hedge Fund Bribery Does Have Victims

Och-Ziff may not be Och-Ziff anymore, but it’s still paying dearly for Och-Ziff’s crimes.

Who Are FIFA's Bankers?

Let's speculate wildly about who's bankrolling corruption in The Beautiful Game!

By Beyond My Ken (Own work) [GFDL or CC BY-SA 4.0-3.0-2.5-2.0-1.0], via Wikimedia Commons

Deputizing Banks As Sheriffs Too Cute By Half, Apparently

Federal judges are proving distinctly unimpressed by cases buoyed by the Yates memo.