December 21, 2015

Top News Stories –

Fifa: Sepp Blatter and Michel Platini get eight-year bans –
Fifa president Sepp Blatter and Uefa boss Michel Platini have been suspended for eight years from all football-related activities following an ethics investigation. They were found guilty of breaches surrounding a £1.3m ($2m) “disloyal payment” made to Platini in 2011. The Fifa ethics committee found Blatter and Platini had demonstrated an “abusive execution” of their positions. “I will fight for me and for Fifa,” Blatter, 79, said at a news conference. Platini said the decision was a “masquerade” intended to “dirty” his name. Both men continue to deny wrongdoing and intend to appeal to the Court of Arbitration for Sport (Cas). Swiss Blatter and 60-year-old Frenchman Platini have also been fined £33,700 ($50,000) and £54,000 ($80,000) respectively. [BBC] In September Swiss police opened a separate investigation into criminal mismanagement or misappropriation over a TV rights deal.
Sepp_Blatter_Apr_2015Sepp Blatter

Martin Shkreli fired from drug firm KaloBios following arrest –
Martin Shkreli has been fired as chief executive from the drug company KaloBios Pharmaceuticals. It comes just days after his arrest by the FBI for securities fraud. In a short statement, the company said he had also stepped down voluntarily from the board. Mr Shkreli, who came to prominence after his company raised the price of a lifesaving HIV drug by 5,000%, has pleaded not guilty to the fraud charges. He has already resigned as head of the company which made the drug, Turing Pharmaceuticals. The FBI has accused Mr Shkreli of using assets from his former company, Retrophin, to illegally pay off debts at MSMB, the hedge fund he managed. He was released on $5m (£3.53m) bail. [BBC]
Martin_ShkreliMartin Shkreli

Video of the Day –

Fire-breathing Backflip with Steve-O – The Slow Mo Guys

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