Sorry to have been away so long, but now we’re back just in time for a veritable cornucopia of fraud-related news. Much more to come shortly, and I’m working on some ideas to provide additional in-depth analysis of fraud and internal-control failures both in the public and private sectors. So on to today’s debacle…
The FIFA arrests are top-of-mind for the collective consciousness of much of the world, and boy, they do not disappoint. Rather than rehash them, I’ll just link to this excellent analysis from Screamer, the soccer sub-blog for the sports-related site Deadspin, as well as provide a link to the 176-page indictment document in all its unvarnished glory:
This will be interesting to watch from a legal perspective, to see how the Justice Dept. applies the Foreign Corrupt Practices Act and the Foreign Tort Claims Act to prosecute. Perhaps we’ll try and solicit a guest post from an attorney who can shed additional light on this aspect of the case.
Finally, as we were writing this post, it appears that FIFA President Seth Blatter (awesome supervillain name, btw), has been re-elected to a fifth term, and has essentially become FIFA President-For-Life:
Favorite quote from the Yahoo story, and it is oh-so-true:
“If you grease the skids and take care of the corners then no amount of cries of scandal from the wealthy elite, howls from the media and complaints – or even convictions – of illegal behavior can unseat you.”
More as the case develops. Thanks for reading, and please feel free to suggest topics for future postings!
Now Here’s Some Rock Music: