May 27, 2015
Christopher Garcia, partner in Weil’s Securities Litigation and White Collar Defense, Regulatory and Investigations practices, was interviewed on Bloomberg Television’s “Market Makers” regarding the U.S. Justice Department’s recently announced probe into alleged corruption within international soccer’s governing body, FIFA. Mr. Garcia spoke with Bloomberg Television’s Erik Schatzker, Stephanie Ruhle, and Kavitha Davidson about how the DOJ was able to build its case.
Mr. Garcia, whose practice focuses on defending companies and individuals in connection with regulatory and criminal investigations, noted in the interview that:
- The DOJ’s sweeping indictment, which included 47 counts of bribery and other misconduct, was “critically” built on cooperating witnesses, one of whom is believed to have been helping the government build its case over the last several years; and
- The DOJ took a similar approach to building this investigation as to that it followed in recent major insider trading cases – including by “flipping” witnesses in order to build a case over the long term.
Mr. Garcia also commented that the recent indictment overall is “a big deal for FIFA” and “a big deal for soccer.”