First Banker Admits Guilt in FIFA Money Launder Case in U.S.

A former banker who worked at Credit Suisse Group AG and Julius Baer Group Ltd. pleaded guilty to a money laundering plot in which he helped funnel at least $25 million in bribes from an Argentinian sports-marketing company to soccer officials, including the former head of soccer in Argentina (United States v. Arzuaga, E.D.N.Y., 17-cr-313, guilty plea 6/15/17).

Jorge Arzuaga became the first banker to admit guilt amid a U.S. investigation of soccer corruption that has led to more than two dozen convictions in what prosecutors say was a decades-long scheme of bribery and kickbacks. Arzuaga said he ...