U.S. Securities and Exchange Commission

More problems for wog ball

The wog ball scandals keep on coming, with US authorities examining whether effective bribes passed between Fifa-linked bodies and US commercial partners in breach of Foreign Corrupt Practices Act.

US securities regulators are examining the behaviour of several companies with links to Fifa or other soccer bodies caught up in a major global corruption scandal to see if there were possible violations of US federal bribery laws, according to a report.

The civil probe was in its early stages and may or may not lead to any findings of wrongdoing or enforcement action, said the Reuters news agency, citing an unnamed official who described an investigation being carried out by the US?Securities and Exchange Commission.

Separately, the head of Bolivia?s soccer federation, Carlos Chavez, has been arrested on charges of corruption in the management of finances related to the sport, according to that country?s public prosecutor.

US and Swiss authorities are conducting a wide-ranging investigation into bribery involving soccer officials, marketing executives and various companies. In late May the US indicted nine soccer officials ? most of whom held positions at Fifa ? and five executives for a range of offences related to more than $150m of alleged bribes and kickbacks. ? Read more »

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