Judge Vacates Conviction for Bribery Fraud Regarding Lucrative Rights To View Soccer Tournaments

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Ethical Dilemma, Financial Accounting, Fraud Accounting, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized.

According to the New York Times, Hernán López, a former Fox employee, and an Argentine sports marketing company had been convicted of participating in a bribery scheme to secure rights to widely viewed soccer tournaments. Now an acquittal.

Questions:

  1. Why were López and the Argentine sports marketing company acquitted?
  2. How many years was López facing?
  3. How many counts of money laundering was the marketing firm Full Play Group facing?
  4. Are others in related cases seeking acquittal?

Meko, H. and K. Bensinger. (2023). Judge Vacates Convictions in Bribery Case Over Soccer Broadcast Deals. The New York Times, Sep. 2 (Retrievable online at https://www.nytimes.com/2023/09/02/nyregion/fox-employee-soccer-deal-bribes.html)