Racketeering, Wire Fraud, Money-Laundering and Soccer

Everything You Need to Know About FIFA’s Corruption Scandal

Wired

Early this morning in Zurich (or late last night for those of us stateside), Swiss plainclothes police entered the Baur au Lac; the five-star hotel was the site of this week’s annual meeting of FIFA, soccer’s global governing body. The officers ascertained room numbers from the front desk, headed upstairs, and arrested six FIFA executives.

Hours later, across the Atlantic in New York City, the Justice Department unsealed a 47-count indictment against 14 defendants—including FIFA bigwigs, sports marketing executives, and the owner of a broadcasting corporation—with charges of racketeering, wire fraud, and money laundering. But there’s a lot of background here, so let’s get into it.

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Google Is Using Spider.io'sertise to Fight Fraud

Google has a team of 100 people working on a project so secretive most of them can reveal only their first names

Business Insider

Google has an extremely secretive unit working to combat advertising fraud — many people within Google don't even know the team exists, but AdAge was given the first look at what the team of about 100 people is working on.

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An Expensive Mirage

Fake diplomas, real cash: Pakistani company, Axact, reaps millions

New York Times 

Seen from the Internet, it is a vast education empire: hundreds of universities and high schools, with elegant names and smiling professors at sun-dappled American campuses. 

“We host one of the most renowned faculty in the world,” boasts a woman introduced in one promotional video as the head of a law school. “Come be a part of Newford University to soar the sky of excellence.”

Yet on closer examination, this picture shimmers like a mirage. The news reports are fabricated. The professors are paid actors. The university campuses exist only as stock photos on computer servers. The degrees have no true accreditation.

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Scarlet Letters and Large Fines

5 big banks expected to plead guilty to felony charges, but punishments may be tempered

New York Times 

For most people, pleading guilty to a felony means they will very likely land in prison, lose their job and forfeit their right to vote.

But when five of the world’s biggest banks plead guilty to an array of antitrust and fraud charges as soon as next week, life will go on, probably without much of a hiccup.

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Promises of a "New Brazil" Fall Flat

The betrayal of Brazil 

Bloomberg Business 

As a massive corruption scandal unfolds, Brazilians are facing some stark truths: The powerful and connected are still dividing the country’s riches among themselves. The past decade’s economic miracle was in large part a mirage. And the future is again on hold.

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Interview With Cybercrime Expert, Raj Samani

Crime: Why so much is cyber-enabled

Bank Info Security 

Forget notions that physical crime today somehow operates in a separate sphere from cybercrime. That's because many criminals have become experts at embracing online attack techniques, thanks in part to a thriving cybercrime ecosystem that enables criminals to hire specialists with skills or acquire attack tools on an as-needed basis.

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Ethical Interrogations Surprisingly Effective

How to extract a confession…ethically

Scientific American

According to the American Psychological Association, if a psychologist meets certain conditions, chief among them “do no harm,” it is permissible for him or her to aid in interrogations. So is there an ethical way to extract a confession from someone?

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