On June 15, 2017, Jorge Luis Arzuaga, a former managing director at the Swiss bank Julius Baer, pled guilty to a money laundering charge in the latest update in the sprawling FIFA corruption scandal. According to the plea agreement, Arzuaga managed Swiss bank accounts for Alejandro Burzaco, an Argentinian sports marketing executive. Burzaco pled guilty to paying $110 million in bribes to Julio Grondona, a senior executive at FIFA and the president of Argentina’s soccer federation, in exchange for Burzaco’s company obtaining the media rights for Argentina soccer. To further Burzaco’s scheme, Arzuaga opened a bank account in the name of a shell company, and gave Grondona access to the account. Additionally, after Grondona died, Arzuaga facilitated the payment of bribe money to Grondona’s family, for which Arzuaga received $1.05 million. The Office of the Attorney General of Switzerland concluded its investigation of Arzuaga on the same day, and assessed a fine of $650,000. Earlier in June, Hector Trujillo, head of the Guatemalan soccer federation and a former judge in Guatemala, pled guilty to wire fraud and conspiracy for accepting kickbacks in connection with the sale of media and marketing rights to the Guatemalan soccer team’s future matches. United States v. Arzuaga, 17-CR-313 (E.D.N.Y.); United States v. Trujillo, 15-CR-252 (E.D.N.Y.).
Home > Money Laundering > Former Managing Director at Swiss Bank Pleads Guilty to Money Laundering Charge in Connection with Soccer Bribery Scheme / Former General Secretary of Guatemalan Soccer Federation Pleads Guilty to Wire Fraud Charges