Posts Tagged: World Cup
The SEC Thursday fined Telefônica Brasil S.A. $4.125 million for providing soccer tickets and hospitality to government officials who could help the company’s business.
The SEC charged the company with violating the FCPA’s internal accounting controls and recordkeeping provisions.… Continue Reading
David Bligh’s recent post for the FCPA Blog asked a provocative question: Did the Corruption Perceptions Index correlate with World Cup fouls?
To answer this question, he did a linear regression analysis with the average number of fouls committed by each team that participated in the last World Cup versus the ranking obtained by those countries in Transparency International’s 2017 Corruption Perceptions Index.… Continue Reading
Watching this year’s World Cup over the last few weeks, I wondered: how does the perceived corruption of the participating countries relate, if at all, to the number of fouls committed by their respective teams?… Continue Reading
The last few years have revealed a growing trend of prosecuting top-grossing soccer superstars for tax evasion and tax fraud.
Ordinarily nobody would think twice about the nature of these prosecutions.… Continue Reading
If your offices, like ours, are currently filled with colorful jerseys and employees furtively checking scores on their phones, you know that soccer (or football or futball) has the attention of much of the world right now.… Continue Reading
The 2026 FIFA World Cup vote already reflects the significant steps FIFA has taken to reduce corruption. Will it now follow the International Olympic Committee example and take the next step?… Continue Reading
In recent years, the global sports audience has witnessed many corruption scandals. Such scandals can significantly impact the reputation of the brands sponsoring athletes and the competitions organized by sports institutions.… Continue Reading
The former governor of Rio State, Sergio Cabral, was arrested in November on corruption charges. He was accused of taking bribes from construction companies. One of the contracts under investigation involved the renovation of the Maracana stadium ahead of the 2014 FIFA World Cup and 2016 Olympic Games.… Continue Reading
Companies that make and sell consumer products — toothpaste, smart phones, cars, movies, food, medicines, golf clubs, cosmetics, whiskey, shoes, jewelry, and so on — spend billions of dollars promoting their goods.… Continue Reading