Former Venezuelan FIFA official pleads guilty to corruption charges

Former President of the Federación Venezolana de Fútbol (FVF) Rafael Esquivel on 10 November 2016 pleaded guilty to seven corruption charges related to the FIFA corruption investigation. Esquivel admitted to engaging in illegal bank transfers and money laundering to make bribes in exchange for television contracts to air the Copa América and the Copa Libertadores (Efecto Cocuyo). The charges carry a maximum sentence of twenty years in prison, and Esquivel committed to handing over US$16 million to reduce his sentence and collaborate with the investigation carried out by a New York federal court. Esquivel was arrested in Switzerland and extradited to the U.S. in May 2015 for accepting millions of dollars in bribes found in several personal bank accounts held in the U.S. (Tal Cual).