Bribery

Image of Sepp Blatter, who said Tuesday he will resign as president amid the controversy surrounding FIFA.
The Sport Review/Flickr creative commons

The soccer world is reeling from a corruption scandal at the highest levels.

FIFA president Sepp Blatter said Tuesday he's stepping down. Meanwhile, top soccer executives face $150 million in bribery charges and one of the accused has ties to the Carolina RailHawks.

Janet Cowell
nctreasurer.com

The State Treasurer's office is putting transparency reforms in place for contractors who manage some investments for the state pension fund.

The pension fund is worth about 83-billion dollars.

Treasurer Janet Cowell says independent reviews of NC Retirement Systems showed that until 2009, some managers hired third-party brokers, or “placement agents” to arrange investments, often without disclosing to the state.