Ex-Banker Found Guilty in Soccer Bribery Plot After Swiss ProbeBy
Banker won’t face further sanction after pleading guilty in NY
Jorge Arzuaga on Thursday admitted guilt in U.S. court hearing
The Swiss Attorney-General’s Office completed its first case into a money laundering and bribery plot involving top soccer officials, convicting a former banker with a major Swiss bank for his role in the affair.
The banker, whose name and employer were not disclosed, was found guilty of document forgery and failing to report $650,000 in illicit payments, funds that will be forfeited to the Swiss general treasury, the attorney-general’s office said in a statement Friday. He won’t face further Swiss proceedings given that he has already pleaded guilty to prosecutors in the Eastern District of New York, the Bern-based prosecutor said.
While the Swiss declined to name the man in this case, Jorge Arzuaga, who had worked at Julius Baer Group Ltd., pleaded guilty and told a federal court in Brooklyn on Thursday that he was “deeply sorry” for his role in a plot to funnel at least $25 million in bribes from an Argentinian sports-marketing company to soccer officials including Julio Grondona, once a senior vice-president of FIFA.
Prosecutors have said soccer officials took almost $200 million in bribes from sports-marketing executives in the Americas seeking media and marketing rights to tournaments.
Switzerland’s top prosecutor said Friday it now has about 25 separate investigations into soccer-related corruption underway, having received 178 reports of suspicious activity from Switzerland’s Money-Laundering Reporting Office, or MROS.
— With assistance by David Voreacos