Updated at 2:50 p.m. ET
Arrest and search warrants have been executed against senior FIFA officials and several executives for what the Justice Department says was a corrupt scheme that gleaned "well over $150 million in bribes and kickbacks" over the course of 24 years.
The department announced that it has indicted 14 people from the U.S. and South America — including nine senior officials with FIFA, soccer's international governing body. Seven of the FIFA officials were arrested in Switzerland early Wednesday.