Former Head of the Brazilian Swimming Federation Found Guilty of Fraud

Coaracy Nunes, former President of the Brazilian Confederation of Aquatic Sports (CBDA), was found guilty of fraud by the 11th Panel of the Federal Regional Court, according to Brazil’s Globo. Nunes was sentenced to 11 years and 5 months in prison along with the payment of 600 days in fines, at approximately R $199.60 per day ($49).

Along with Nunes, other former CBDA officials were found guilty and sentenced including Ricardo de Moura, former managing director and Sérgio Alvarenga, former financial director. Ricardo received 9 years in prison with 214 days in fines while Alvarenga received 7 years and 6 months with 176 days in fines. Ricardo Cabral, former water polo coordinator, was acquitted on all charges.

In October of 2016, Coaracy Nunes was investigated  and his role as President of the organization was reviewed after accusations of fraud and embezzlement surfaced. Brazil’s Federal Public Ministry found evidence of mishandling and overbilling  of funds but allowed Coaracy to return to his position as President. After an internal audit was conducted, Vital Minister of Rêgo concluded that illegal acts were committed by both Nunes and Sérgio Ribeiro Lins, chief financial officer at the time and both men were removed from their positions.

This latest guilty verdict and sentencing comes as Nunes and others were accused and found guilty of exaggerating athlete’s travel and lodging including the travel itinerary of Brazilian Olympic gold medalist and world record holder Cesar Cielo.

In This Story

Leave a Reply

Notify of
newest most voted
Inline Feedbacks
View all comments
Ol' Longhorn
1 year ago

Community service mowing Lochte’s lawn.

Coach John
Reply to  Ol' Longhorn
1 year ago

just no watering the grass… right?

1 year ago

Quick, blame Lochte!

1 year ago

Corruption is endemic in Brazil whether it be in government, business or sport. It’s a tough one but I would give the top prize for corrupt Brazilian sports officials to Joao Havelange who served as FIFA president from 1974 to 1998. FIFA was quite clean until this guy came along.

Becky D
1 year ago

Also found guilty of shaking down a group of four US swimmers at a gas station.