Julius Baer Will Pay $79M To Settle FIFA Corruption Case

Law360 (May 27, 2021, 1:36 PM EDT) -- Julius Baer will pay a $43 million fine and forfeit $36 million as part of a deal unveiled Thursday with U.S. federal prosecutors over the Swiss bank's alleged role in facilitating bribe payments for media rights to international soccer matches held by FIFA and the South American soccer confederation.

Julius Baer made the deal with U.S. prosecutors to resolve the Swiss bank's alleged role in facilitating bribes for media rights to international soccer matches held by FIFA and the South American soccer confederation. (AP) Julius Baer general counsel Christoph Hiestand appeared before U.S. District Judge Pamela Chen via a remote court...

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