Earlier this week, CONCACAF, its Executive Committee and its Integrity Committee released a report detailing the several allegations involving CONCACAF and the findings supporting those allegations. On June 26th, 2012, the CONCACAF Executive Committee established the Integrity Committee to investigate the allegations regarding its Center of Excellence, various residential properties, misappropriated funds, funds inappropriately transferred, failure to file tax returns and pay taxes, and the completeness and accuracy related to CONCACAF’s financial statements.
The CONCACAF Integrity Committee included Sir David Anthony Cathcart Simmons (Chairman), Judge Ricardo Urbina (Member), and Ernesto Hempe (Member). Simmons is a former Attorney General and Chief Justice of Barbados, as well as a former Member of the Barbados Parliament. Urbina is a former judge in Washington, D.C. in the United States and former professor at Howard University School of Law. Hempe is a former partner at PricewaterhouseCoopers and currently serves as the General Coordinator of various projects in Panama.
Below are the key findings by the CONCACAF Integrity Committee:
- Jack Warner secured funds from FIFA and CONCACAF by falsely representing that land which CONCACAF’s Center of Excellence (COE) was developed was owned by CONCACAF when in fact it was owned by Warner’s companies.
- Warner induced FIFA to transfer funds to himself, which were intended for the development of the COE by falsely representing bank accounts; FIFA was under the impression the funds were transferred to CONCACAF bank accounts.
- Chuck Blazer misappropriated CONCACAF funds after his contract with CONCACAF expired on July 17, 1998; more than $15 million in payments to Blazer were made in the form of commissions, fees, and rent expenses without the proper authorizations.
- Blazer misappropriated CONCACAF funds to finance his personal lifestyle by causing CONCACAF to subsidize his rent on his residence in the Trump Tower in New York, purchase apartments at the Mondrian in Miami, sign purchase agreements and pay down payments on apartments at the Atlantis resort in the Bahamas, and obtain insurance coverage for his personal residence and automobile and employee health insurance for himself and his girlfriend.
- Blazer violated U.S. Federal Tax laws by failing to file federal tax returns and failing to pay taxes causing a breach in his fiduciary duties to CONCACAF and CONCACAF Marketing & TV (CMTV).
- Blazer and Warner issued financial statements with known material misrepresentations and omissions. Additionally, the financial audits were falsely represented as having been performed by an independent auditor, which in fact were performed by a party known not to be independent of CONCACAF.
What are your thoughts on CONCACAF, the report findings and football’s current issues with fraud? Let us know in the comments section below or on Twitter.