First banker expected to be convicted for his role in Fifa corruption scandal
A Swiss banker is expected to plead guilty to his role in football’s international corruption scandal, as investigators intensify their scrutiny of how banks allegedly helped move millions of dollars in bribe money, according to four people familiar with the matter. Jorge Arzuaga, an Argentinian who worked at Credit Suisse and Julius Baer, would become the first banker convicted in a scandal that has led to 25 guilty pleas relating to Fifa, football’s governing body. Arzuaga could admit to a conspiracy charge as soon as June 15 in federal court in Brooklyn, New York, and also is negotiating a plea to a criminal charge in Switzerland, the people said. Arzuaga is co-operating with US authorities, giving an inside account to prosecutors who are trying to determine whether any other Julius Baer bankers or the company itself helped to process suspicious transactions or violated anti-money-laundering laws, two of the people said. Julius Baer, when asked about Arzuaga, said in a statement ...
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