Loretta Lynch has announced a massive, 47-count indictment against 14 defendants associated with FIFA, including two of the its vice presidents and U.S. and South African marketing execs. The charges, including corruption, conspiracy, and racketeering, were backed by an extensive FBI investigation and have already led to the arrest of seven individuals.

Lynch announced the charges in a press conference Wednesday morning, where she roundly condemned those involved:

Many of the individuals and organizations we will describe today were entrusted with keeping soccer open and accessible to all. They were expected to uphold the rules that keep soccer honest and to protect the integrity of the game. Instead they corrupted the business of worldwide soccer to serve their interests and to enrich themselves.

Lynch explained in her statement that the history of corruption within the organization "spans at least two generations," back to 1991, and has "profoundly harmed a  multitude of victims":

The indictment alleges corruption that is rampant, systemic, and deep-rooted both abroad and here in the United States. It spans at least two generations of soccer officials who, as alleged, have abused their positions of trust to acquire millions of dollars in bribes and kickbacks. And it has profoundly harmed a multitude of victims, from the youth leagues and developing countries that should benefit from the revenue generated by the commercial rights these organizations hold, to the fans at home and throughout the world whose support for the game makes those rights valuable.

So far, four of the indicted individuals have pled guilty as well as two corporations. Early Wednesday morning, Swiss authorities arrested seven of the defendants per the Department of Justice's request. The National Journal provides some more details of the charges: 

The indictment alleges that marketing executives paid out $150 million in kickbacks and bribes in order to secure rights to major soccer tournaments. According to The Guardian, the sale of these rights—which marketing companies "in turn" sell to radio and TV media companies—makes up much of FIFA's highly profitable business.

The Justice Department's actions against FIFA officials and associates have spanned continents in just the last few hours. In the early morning in Zurich, Swiss law enforcement arrested seven of the defendants "at the request of the United States," and they now face extradition to the U.S. And department officials reported that the Miami headquarters of CONCACAF, the organization governing soccer in the Americas, was served with a search warrant Wednesday morning. Jeffrey Webb, a FIFA vice president and the president of CONCACAF, was one of the defendants named in the indictment who was arrested in Zurich Wednesday. His predecessor at CONCACAF, Jack Warner, was also named in the indictment.