A former banker who worked at Credit Suisse Group AG and Julius Baer Group Ltd. pleaded guilty to a money laundering plot in which he helped funnel at least $25 million in bribes from an Argentinian sports-marketing company to soccer officials, including the former head of soccer in Argentina. Jorge Arzuaga became the first banker to admit guilt amid a U.S. investigation of soccer corruption that has led to more than two dozen convictions in what prosecutors say was a decades-long scheme of bribery and kickbacks. Arzuaga said he set up accounts used for bribes at the banks where he worked, as well as at a third Swiss bank he didn’t identify, suggesting that the U.S. investigation of bankers is growing.
