The case involves bribes and kickbacks totaling more than $150 million.
The money is linked to commercial deals for soccer tournaments in the United States and Latin America dating back to the 1990s.
Several FIFA officials were arrested at a hotel in Switzerland early this morning.
Published reports say former FIFA official and Queens native Charles Blazer has been cooperating with the investigation.
Swiss prosecutors have also opened a criminal investigation into the 2018 and 2022 World Cups.
FIFA has faced rumors of bribes and vote-buying over its decision to award the tournaments to Russia and Qatar back in 2010.
A FIFA spokesman says, for now, a location change is not being considered.
None of the indicted officials have been suspended.
FIFA President Sepp Blatter is not among those arrested today.
The organization says its presidential elections will go on this week as scheduled.
Blatter is favored to win his fifth term as head of FIFA.