DoJ earmarks another $92m for ‘Remission Fund’ from FIFAGate collections

July 1 – FIFA will receive another $92 million in compensation for losses sustained in global football corruption schemes, the United States Department of Justice (DoJ) said on Tuesday.

The sum comes from money forfeited by convicted officials and associated companies resulting from the DoJ’s case against FIFA that was launched in May 2015 and which has seen more than 40 FIFA officials and marketing partners indicted for crimes of fraud, bribery, racketeering and money laundering.

Last summer, the DOJ said that FIFA had lost $201 million because of the FIFAGate scandal and it announced an initial $32.2 million payment to a ‘World Football Remission Fund’ overseen by the FIFA Foundation charity.

The Fund, overseen by a board of FIFA, Concacaf and Conmebol representatives, has the obligation to invest the money in the women’s and girls’ game and developmental areas in those countries and confederations affected by FIFAGate.

“Over much of the past decade, this investigation and prosecution has concentrated on bringing wrongdoers to justice and recovering ill-gotten gains,” Breon Peace, the US attorney for the Eastern District of New York, said in a statement Thursday.

“Our office, working in collaboration with our law enforcement partners and colleagues in the Department of Justice, will continue our work to compensate victims of crime.”

The remission spurred Gianni Infantino to claim that FIFA is no longer a toxic organization. Instead, Infantino maintains that the world federation has cleaned up its act.

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