Grand Jury Subpoenas For U.S. Olympic Committee

By on February 5, 2018

February 5, 2018

Prosecutors in the Eastern District of New York, have opened a grand jury probe into corruption in international sports and the Olympic Games. The subpoenas they’ve issued relate to possible money laundering, racketeering, and fraud. The same U.S. Attorney’s office investigated and prosecuted FIFA officials, resulting in numerous resignations and convictions, and ushering in a new era in the prosecution of mega-sport corruption. The subpoenas were issued as the 2018 Winter Games in Pyeongchang, South Korea are set to open, and according to the FCPA blog, “the sheer number of anti-corruption enforcement actions surrounding these Games may itself be some kind of Olympic record.” The blog also notes that the investigations do not implicate the FCPA, because the IOC, FIFA, and related international sports governance bodies are not designated public international organizations. The officials of these organizations are therefore not included among the “foreign officials” to whom the FCPA prohibits giving, offering, or promising bribes.
Read the full article at:

FCPA Blog

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