FIFA Forensic Accounting; Asset Tracing at the FBI

FIFA., stands for Fédération Internationale de Football Association (translated from French to International Federation of Association Football; Zurich, Switzerland). It also stands for Fraud, Investigations, Fibs and Abuses. Apparently, the series of investigations were initially spurred by the core Forensic Accounting activity of Asset Tracing, in pursuing substantially overdue tax returns. This echoes the US Federal Authorities’  prosecution & jailing of Al Capone for tax evasion in 1931. Interestingly the Judge, at the time, refused to let Al Capone plead guilty for a lighter sentence.


79-year-old Sepp Blatter said that the US arrests and charges – which accused a total of 18 executives of 47 counts of money laundering, racketeering and tax evasion linked to kickbacks totalling more than $150m over two generations – were timed to damage his chances of re-election. Blatter isn’t all wrong and the Investigators from Switzerland and the US aren’t all correct. last week Mr. Blatter stated that “There are signs that cannot be ignored. The Americans were the candidates for the World Cup of 2022 and they lost. The English were the candidates for 2018 and they lost, so it was really the English media and the American movement.”
His attack on the US authorities and the British media, which also extended to what he called a hate campaign by European football governing body Uefa, echoes Russian president Vladimir Putin’s claim that the arrests were an attempt to undermine Blatter and de-stabilise the 2018 World Cup. The US involvement in spurring the Swiss authorities to make the initial 7-arrests, raised the issue of the world economic & political power in the shape of the US., seeking to demonstrate its superior global powers, vis-a-vis those of an also powerful quasi-multinational corporation, World Soccer Authority (FIFA).
Last week’s indictment by the US authorities covered claims of bribery in selecting the 2010 World Cup in South Africa and the 2011 presidential election, while Swiss authorities simultaneously seized documents and Bank details concerning the controversial bids for the 2018 and 2022 World Cups.
The FIFA president condemned comments made by US officials including the attorney general, Loretta Lynch, who said corruption in football was “rampant, systemic and deep-rooted, both abroad and here in the United States”. Like the Banking industry there is too much money for there to be no corruption, fraud and deception surprise surprise Barclays and Standard Chartered are now also  part of the FIFA bribery payments investigations.
Charges: The vote comes amid what Mr Blatter termed “unprecedented and difficult times” for FIFA.
On Wednesday, the US Department of Justice charged 14 people over alleged bribes totalling more than $150m (€136m) paid for television rights, sponsorship deals and World Cup votes.
Seven officials have so far been arrested, including Jeffrey Webb, a FIFA vice-president from the Cayman Islands who holds a British passport, and fellow vice-president, Eugenio Figueredo from Uruguay.Swiss authorities are also investigating the decision to award the 2018 World Cup to Russia and the 2022 tournament to Qatar.
They will question 10 current FIFA executive committee members who took part in the 2010 vote.
Former FIFA vice president Jack Warner left a Trinidad jail by ambulance, a day after he was charged in the case.
Warner, 72, complained of exhaustion and was not able to face questions from reporters gathered for several hours outside the jail.
But a short while later, Warner announced to his supporters.”If I have been thieving FIFA money for 30 years, who give me the money? How come he is not charged? Why only persons from Third World countries have been charged?” Warner said. Warner faces eight counts in the US, including conspiracy to defraud and to engage in racketeering.