Corrupt FIFA execs only cared about bribes: prosecutors
Corrupt FIFA execs only cared about bribes: prosecutors
Juan Angel Napout left Manuel Burga centre and Jose Maria Marin are the former South American officials on trial in New York. AP
14 November, 2017, 13:09
The federal trial of three South American FIFA officials began in Brooklyn, New York Monday, as US prosecutors make the case that these former leaders in soccer's top governing body are guilty of corruption.
At the defense table with Marin, former president of Brazil's soccer federation, will be Manuel Burga, former president of Peru's soccer federation and Juan Ángel Napout, ex-president of the South American soccer governing body CONMEBOL and of Paraguay's soccer federation.
With witnesses threatened, documents destroyed and jurors cloaked in anonymity, the trial beginning Monday in a NY courtroom has the trappings of a grisly organized-crime prosecution. They accused the United States government of relying on the testimony of Federation Internationale de Football Association officials who had already pled guilty and cooperated with authorities in order to reduce their own sentences.
Assistant U.S. Attorney Keith Edelman highlighted the power that soccer officials wield in football-loving Latin America, saying the defendants abused that power and used "our financial system to carry out the scheme".
He singled out an event in 2014 when officials gathered at the St Regis Hotel in Miami to launch a bold plan to expand the centenary version of the Copa America and hold it in the US.
'By all appearances it's a proud moment in the history of the game. "But lurking under the surface are lies, greed and corruption". "Some of these officials had other reasons to celebrate, they had agreed to receive millions of dollars in bribes regarding the tournament".
"The defendants cheated the sport in order to line their pockets with money that should have been spent to benefit the game, not themselves", Edelman said.
"Three of those officials are here in this courtroom", he said, before introducing each of the three defendants in turn. The testimony is likely to lift the veil on a global racketeering and bribery plot that ran for more than two decades at FIFA's highest levels.
Prosecutors Monday painted three former global soccer bigwigs as rapacious predators who cared more about lining their own pockets with illegal bribes than promoting a sport they claimed to love.
The case is being heard at Brooklyn's federal court amid tight security. The jury was sworn in anonymously after attempts influence the outcome of the case were reported to the judge.
Edelman said the United States government would present evidence, derived from witness testimony, bank records, covert recordings and other documentation that proves each of the officials had received bribes. The case has fueled allegations of corruption in the awarding of World Cup tournaments to Russian Federation for 2018 and Qatar for 2022. Since then, the sport has had to confront allegations of widespread corruption and Sepp Blatter, Fifa president for 17 years, was ousted along with dozens of other officials. The officials are accused of regularly taking six figure bribes.
'Rather than fix the harm done to the sport and its institutions, however, these conspirators engaged in the same unlawful practices that had enriched their predecessors, ' says the indictment.
Marin is accused of taking bribes from a sports marketing company in return for the rights to Copa Brasil tournaments from 2015 through 2022, and of accepting bribes for the sponsorship of the Copa Libertadores, a South American club competition. Recordings appear to corroborate prosecutors' case against him.
'It's about time to. have it coming our way, ' he said.
Kyle Larson and Chase Elliott will break from Row 2 as the Cup Championship Playoffs' Round of 8 reaches its conclusion. Elliott trails by 49 points, with defending and seven-time series champion Johnson 51 points behind.
This was only the second known Dylan guitar to come to auction, and the winning bidder has requested to remain anonymous. Bob Dylan's main 1970s acoustic guitar sold at auction over the weekend - for substantially more than was anticipated.
In 2012, Feng captured her only career major title when she earned a two-stroke win at the Wegmans LPGA Championship. I'm pretty happy with what's happened", an optimistic Jutanugarn said after the final round.
Schwab Charles Investment Management Inc. boosted its holdings in Rite Aid Corporation by 34.2% in the third quarter. Royal Bank Of Canada began coverage on shares of Rite Aid Corporation in a research note on Tuesday, September 19th.
Spurs are in third place in the Premier League table but level on points with Manchester United after 11 games. Tottenham finished above Arsenal last season for the the first time since the 1994/95 campaign.
Shares of BHARTI AIRTEL LTD. was last trading in BSE at Rs.498.05 as compared to the previous close of Rs. 501.8. At 1401 hours, the company's stock was trading at Rs 400.20 per piece down by Rs 11 or 2.65% on BSE.
The three Mumbai-based properties of underworld don Dawood Ibrahim has been auctioned for more than Rs 11 crore on Tuesday. However, past auctions of the gangster's properties drew a cold response from bidders, apparently due to "fear factor".
For now, though, we'll get to see Affleck's potentially final time as Batman when Justice League hits theaters November 17, 2017 . Well, it likely will not come out within the next two years, though it is still said to be in early stages of production.
COPYRIGHT VIOLATION WARNING: "BlueMountain Capital Management LLC Acquires 20,483 Shares of Walgreens Boots Alliance, Inc ". The Firm operates through three divisions: Retail Pharmacy USA, Retail Pharmacy International and Pharmaceutical Wholesale.
Carolina RW Lee Stempniak (upper body) was placed on injured reserve after getting hurt Friday during his AHL conditioning stint. Jeff Skinner added another tally with just a few seconds left in the game for his team leading ninth goal of the season.
Tesco gets green light for £3.7bn Booker takeover
The Competition and Markets Authority has provisionally cleared Tesco's £3.7 billion merger with the cash-and-carry group Booker. In a brief statement, Tesco welcomed the CMA news, adding that it expected the Booker takeover to complete in early 2018.
TD Securities Boosts Rating On Comcast Corp A (CMCSA)
Three research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company's stock. Barometer Capital Management Inc increased Fortive Corp stake by 66,500 shares to 88,150 valued at $5.58 million in 2017Q2.
SoftBank may not invest in Uber if deal not sweet enough
The purchase of existing shares will be conducted through a tender-offer process, which could take at least a month to finalize. Over the weekend, Uber had confirmed that it has closed an investment deal with Softbank Group and Dragoneer Investment group.
American Eagle Outfitters (AEO) EPS Estimated At $0.39
The firm has a market capitalization of $2,475.15, a price-to-earnings ratio of 12.16, a P/E/G ratio of 1.41 and a beta of 1.10. The stock of American Eagle Outfitters (NYSE: AEO ) has "Hold" rating given on Monday, January 25 by BB&T Capital.
Indicator Focus on Shares of S&P China SPDR (GXC)
At the time of writing, SPDR S&P 500 High Dividend Portfolio ETF (SPYD) has a 14-day Commodity Channel Index (CCI) of 135.60. Taking a peek at some Moving Averages , the 200-day is at 216.39, the 50-day is 225.43, and the 7-day is sitting at 226.59.
Analysts See $1.60 EPS for Bank of Montreal (USA) (BMO)
As of the end of the quarter Amf Pensionsforsakring Ab had acquired a total of 98,827 shares growing its holdings by 15.8%. TRADEMARK VIOLATION WARNING: This piece was first published by StockNewsTimes and is the property of of StockNewsTimes.