Corruption has been a well known problem of sport and it has touched a lot of walks of sport life. Many of the sports officials were forced to resign after allegations of fraud and corruption.
On 11 November 2015, former IAAF president Lamine Diack was arrested in France and is under investigation on suspicion of corruption and money laundering. Diack allegedly accepted $1.2 million from the Russian athletics federation to cover up the positive doping tests of at least six Russian athletes in 2011.
Two years ago, the future of Bernie Ecclestone in Formula One was thrown into doubt after the sport's chief executive and commercial rights holder was charged with bribing a German banker. Ecclestone, who celebrated 83 in October, announced that he had been indicted by German prosecutors following his payment of $44m (£29m) to Gerhard Gribkowsky of Bayern Landesbank to smooth the sale of a 47% stake in the sport to its current owners, the private equity company CVC Capital Partners, in 2006. Ecclestone paid Gribovsky in order to sell the rights to the CVC investment fund and to keep his the post.
The Fifa president, Sepp Blatter, resigns as head of football's world governing body, ending a 17-year tenure dogged by corruption scandals. Earlier in the day, Fifa's secretary general, Jérôme Valcke, comes under pressure after evidence emerges showing he was aware of a $10m payment from South African officials to the former Concacaf president Jack Warner, a payment described by US investigators as a bribe.
In October, the FIFA Ethics Committee temporarily suspended FIFA President Joseph Blatter and Platini fora period of 90 days during investigations into the corruption scandal. In late September, the Swiss Office of the Attorney General launched a probe into corruption claims against Blatter over making a "disloyal payment" of $2.05 million to Platini in 2011 at the expense of FIFA, for work allegedly performed in 1999-2002.
FC Barcelona president Sandro Rosell has resigned from his position at the head of the Catalan club as a result of his implication in a corruption scandal. The amount of the bribe was estimated at 40 million euros. The unfortunate president of the club faces imprisonment for the term up to 7.5 years and a fine of 24 million euros.
Former Czech Republic hockey coach Vladimir Ruzicka has been convicted of fraud and fined more than $15,000. Ruzicka accepted 500,000 koruna ($20,750) from a father who said he paid him to let his son play when he was in charge of Slavia Prague. He denied any wrongdoing, saying he considered the money sponsorship and later returned it. Ruzicka resigned from his post with the national team last year following similar allegations by other parents.
The president of the Russian athletics federation for more than 20 years before resigning in February, Balakhnichev is "ultimately responsible" for the widespread doping that occurred under his tenure. The WADA report also says Balakhnichev and another federation coach, Alexei Melnikov, may have been part of a scheme to extort money from athletes in return for covering up positive doping tests.
Jack Warner, the former FIFA VP who headed CONCACAF from 1990 to 2011 and was indicted by the US Department of Justice earlier this year, has received a lifetime ban from soccer. Warne was indicted by the DOJ earlier this year on racketeering, money laundering, and wire fraud charges.
Following his election victory, Donald Trump, a billionaire himself, once again decided to include prominent magnates in his administration, as he did during his first presidential term. As a result, Trump's current cabinet features seven billionaires, making it one of the wealthiest in US history. Let's find out who these billionaires are and the roles they have been assigned.
Not long ago, the United States held a presidential election, where Donald Trump emerged victorious. Today, he is recognized as the wealthiest American leader in the country's history. Let's take a closer look at other former US presidents who also achieved significant financial success.
