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DOJ investigating global sports organizations for corruption

Lee Hee-beom, President of the PyeongChang Organising Committee for the 2018 Winter Olympics. Photo: Milos Bicanski / Getty Images

Grand jury subpoenas have been issued in "a far-reaching investigation of international sports corruption," the New York Times reports.

Why it matters: The DOJ is investigating "possible racketeering, money laundering and honest services fraud charges," over track and field championships and "bids for various other elite competitions." They're seeking information from major sports organizations like the International Olympic Committee and FIFA.

  • Former president of the IAAF and member of the International Olympic Committee, Lamine Diack, was detained by France in 2015 and "accused of accepting bribes for covering up the doping violations of Russian athletes," per NYT.
  • Per the Times, Diack's arrest led Brazilian officials to arrest the head of Brazil's Olympic committee, Carlos Arthur Nuzman. There was reason to suspect that Rio de Janeiro's bid to host the 2016 Summer Olympics "was helped by bribery to secure supportive votes from members of the International Olympic Committee."
  • This comes days before the beginning of the Winter Olympics in Pyeongchang, and in the middle of a huge scandal with former Olympic gymnastics doctor Larry Nassar.

Go deeper: Big tech is eyeing live sports broadcasts.

Go deeper

Courtenay Brown
2 mins ago - Economy & Business

Wall Street braces for more turbulence ahead of Election Day

Illustration: Eniola Odetunde/Axios

Wall Street is digging in for a potentially rocky period as Election Day gets closer.

Why it matters: Investors are facing a "three-headed monster," Brian Belski, chief investment strategist at BMO Capital Markets, tells Axios — a worsening pandemic, an economic stimulus package in limbo, and an imminent election.

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Dave Lawler, author of World
2 hours ago - World

How Biden might tackle the Iran deal

Photo illustration: Aïda Amer/Axios. Photo: Drew Angerer/Getty Images

Four more years of President Trump would almost certainly kill the Iran nuclear deal — but the election of Joe Biden wouldn’t necessarily save it.

The big picture: Rescuing the 2015 Joint Comprehensive Plan of Action (JCPOA) is near the top of Biden's foreign policy priority list. He says he'd re-enter the deal once Iran returns to compliance, and use it as the basis on which to negotiate a broader and longer-lasting deal with Iran.

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Alexi McCammond
3 hours ago - Politics & Policy

Kamala Harris, the new left's insider

Photo illustration: Eniola Odetunde/Axios. Photo: Joe Buglewicz/Getty Images     

Progressive leaders see Sen. Kamala Harris, if she's elected vice president, as their conduit to a post-Biden Democratic Party where the power will be in younger, more diverse and more liberal hands.

  • Why it matters: The party's rising left sees Harris as the best hope for penetrating Joe Biden's older, largely white inner circle.

If Biden wins, Harris will become the first woman, first Black American and first Indian American to serve as a U.S. vice president — and would instantly be seen as the first in line for the presidency should Biden decide against seeking a second term.

Go deeper (2 min. read)Arrow