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MIL-OSI Security: Security News in Brief: Bank Julius Baer Agrees to Pay More than $79 Million for Laundering Money in FIFA Scandal

Source: United States Department of Justice News Bank Julius Baer & Co. Ltd. (BJB or the Bank), a Swiss bank with international operations, has admitted today in federal court in Brooklyn that it conspired to launder over $36 million in bribes through the United States to soccer officials with the Fédération Internationale de Football Association (FIFA) and other soccer federations, in furtherance of a scheme in which sports marketing companies bribed soccer officials in exchange for broadcasting rights to soccer matches. The proceeding was held before U.S. District Judge Pamela K. Chen.

U S Department of Justice (via Public) / Bank Julius Baer Agrees to Pay More than $79 Million for Laundering Money in FIFA Scandal

U S Department of Justice (via Public) / Bank Julius Baer Agrees to Pay More than $79 Million for Laundering Money in FIFA Scandal
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