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Swiss Authorities Open Criminal Proceedings Against Sepp Blatter

He's being charged with criminal mismanagement and misappropriation.

The day has finally come. Swiss authorities have opened criminal proceedings against FIFA President Sepp Blatter for alleged "criminal mismanagement" and "misappropriation." This comes on the heels of months of arrests and investigations by American and Swiss officials into criminal behavior within the world soccer governing body.

Blatter is being investigated for two separate deals. One involves a television contract signed in 2005 with Jack Warner, then the president of the Caribbean Football Union, a deal which came to light on September 13. Allegedly, Blatter sold the 2010 and 2014 World Cup broadcasting rights for a fraction of their value to Warner, who personally made an £11 million profit.

Warner's involvement in the Blatter charges appears to be no coincidence. This week, Warner's U.S. extradition proceedings were approved by Trinidad's attorney general, bringing Warner closer to prosecution. Just after his indictment by the U.S. Attorney's office last June, Warner told the press, "I will no longer keep secrets for them who now seek to actively destroy the country which I love… Not even death will stop the avalanche that is coming.The die is cast. There can be no turning back. Let the chips fall where they fall."

The other charge against Blatter involves a payment to UEFA President Michel Platini "at the expense of FIFA," according to the Swiss authorities. The payment was for "work performed between January 1999 and June 2002," but the payment was not made until February 2011.

Sepp Blatter announced his resignation as FIFA President on June 5, a position which he still holds.