Julius Baer Bank Resolves Money Laundering Charges in FIFA Scandal and Pays Nearly $80 Million
The Justice Department continues to pile up victories out of the world soccer FIFA federation bribery scandal. Julius Baer Group, the Swiss banker, agreed to a three-year, deferred prosecution agreement (DPA) and to pay nearly $80 million to resolve money laundering charges. Julius Baer laundered approximately $36 million in bribes between February 2013 and May 2015 in which sports marketing companies bribed soccer officials for...