• Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans

Subscribe to Updates

Get the latest finance news and updates directly to your inbox.

Top News

10 Car Brands With the Highest Repair Costs in the Long Run — and the 3 Cheapest

December 18, 2025

Marrying for Money Works: 6 Ways Marriage Builds Wealth

December 18, 2025

Pain Power

December 18, 2025
Facebook Twitter Instagram
Trending
  • 10 Car Brands With the Highest Repair Costs in the Long Run — and the 3 Cheapest
  • Marrying for Money Works: 6 Ways Marriage Builds Wealth
  • Pain Power
  • What Transitioning From Founder to CEO Taught Me About Leadership at Any Scale
  • How the Best Leaders Make High-Stakes Decisions During Scary Times
  • California Gives Tesla 90 Days to Fix Deceptive Claims
  • How to Manage Stress, According to the CEO of $13B Snap
  • 3 Reasons I Hate Crypto — and 3 Reasons I Own It Anyway
Thursday, December 18
Facebook Twitter Instagram
Micro Loan Nexus
Subscribe For Alerts
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans
Micro Loan Nexus
Home » US judge throws out two soccer bribery convictions
Investing

US judge throws out two soccer bribery convictions

News RoomBy News RoomSeptember 2, 20230 Views0
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email Tumblr Telegram

© Reuters. FILE PHOTO: Hernan Lopez, former executive of 21st Century Fox and Full Play Group, arrives at Federal Court in Brooklyn New York City, U.S., March 2, 2023. REUTERS/Brendan McDermid/File Photo

By Jonathan Stempel

NEW YORK (Reuters) -A U.S. judge has thrown out the convictions of a former Fox executive and an Argentine sports marketing company for attempting to bribe soccer officials in exchange for lucrative broadcasting contracts.

In a Friday night decision, U.S. District Judge Pamela Chen in Brooklyn said the March 9 convictions of Hernan Lopez and Full Play Group could not stand because the federal law governing honest services wire fraud did not cover foreign commercial bribery.

She said the U.S. Supreme Court’s decision on May 11 to throw out the unrelated corruption conviction of Joseph Percoco, a onetime aide to former New York Governor Andrew Cuomo, had put new limits on when the fraud law could be applied.

“None of the government’s appeals to common law, state law, civil law, foreign law, or codes of conduct, overcome the basic fact that there is no precedential authority to support the application of this federal criminal statute … to foreign commercial bribery,” Chen wrote in a 55-page decision.

The judge also voided Lopez’s and Full Play’s money laundering convictions, because they were predicated on the fraud convictions.

A spokesman for U.S. Attorney Breon Peace in Brooklyn on Saturday said the office was reviewing the decision.

David Sarratt, a lawyer for Lopez, said: “We are obviously pleased with Judge Chen’s thorough and correct decision. We have never stopped believing in our client’s innocence.”

Full Play’s lawyer Carlos Ortiz said his client was grateful for the decision. “We very much appreciate the court’s complete vindication,” Ortiz added.

Lopez and Full Play were among more than 40 defendants to be criminally charged since the U.S. Department of Justice in 2015 unveiled a sweeping probe into soccer corruption, including at FIFA, the sport’s world governing body.

At least 31 people and corporate entities pleaded guilty, and two soccer officials were convicted in a 2017 jury trial.

Prosecutors said Lopez, the former chief executive of Fox International Channels, schemed to bribe officials at South American soccer federation CONMEBOL to win rights for that continent’s most popular club tournament, Copa Libertadores.

Full Play was accused of scheming to bribe officials at CONMEBOL and the North American federation CONCACAF to win media and marketing rights to Copa Libertadores and World Cup qualifying matches.

A co-defendant, Carlos Martinez, a former president of Fox International Channels Latin America, was acquitted.

The case relied heavily on testimony from Alejandro Burzaco, the former head of Argentine sports marketing firm Torneos, who pleaded guilty in 2015 and cooperated with prosecutors. Chen sentenced him in May to time served, meaning no prison.

Read the full article here

Featured
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

10 Car Brands With the Highest Repair Costs in the Long Run — and the 3 Cheapest

Burrow December 18, 2025

Marrying for Money Works: 6 Ways Marriage Builds Wealth

Make Money December 18, 2025

Pain Power

Savings December 18, 2025

What Transitioning From Founder to CEO Taught Me About Leadership at Any Scale

Make Money December 17, 2025

How the Best Leaders Make High-Stakes Decisions During Scary Times

Investing December 17, 2025

California Gives Tesla 90 Days to Fix Deceptive Claims

Make Money December 17, 2025
Add A Comment

Leave A Reply Cancel Reply

Demo
Top News

Marrying for Money Works: 6 Ways Marriage Builds Wealth

December 18, 20252 Views

Pain Power

December 18, 20251 Views

What Transitioning From Founder to CEO Taught Me About Leadership at Any Scale

December 17, 20253 Views

How the Best Leaders Make High-Stakes Decisions During Scary Times

December 17, 20252 Views
Don't Miss

California Gives Tesla 90 Days to Fix Deceptive Claims

By News RoomDecember 17, 2025

Turns out Tesla’s “Autopilot” and “Full Self-Driving” claims don’t actually let cars drive themselves —…

How to Manage Stress, According to the CEO of $13B Snap

December 17, 2025

3 Reasons I Hate Crypto — and 3 Reasons I Own It Anyway

December 17, 2025

The Top 10 Jobs You Can Find in the Health Care Industry Now

December 17, 2025
About Us

Your number 1 source for the latest finance, making money, saving money and budgeting. follow us now to get the news that matters to you.

We're accepting new partnerships right now.

Email Us: [email protected]

Our Picks

10 Car Brands With the Highest Repair Costs in the Long Run — and the 3 Cheapest

December 18, 2025

Marrying for Money Works: 6 Ways Marriage Builds Wealth

December 18, 2025

Pain Power

December 18, 2025
Most Popular

The Best Free Budgeting Tools That Actually Work in 2025

May 30, 20254 Views

US Steel to explore strategic alternatives after unsolicited bids

August 13, 20234 Views

What Transitioning From Founder to CEO Taught Me About Leadership at Any Scale

December 17, 20253 Views
Facebook Twitter Instagram Pinterest Dribbble
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
© 2025 Micro Loan Nexus. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.