Jeffrey Webb made a small fortune while serving as an authority in North America’s and world soccer’s governing bodies. He has given some of it up in order to remain out of custody for now.
Webb turned over 11 luxury watches, his wife’s wedding ring, three cars and 10 properties Monday as part of a $10 million bond, which allows him to stay out of federal detention while he fights corruption charges relating to his FIFA and CONCACAF activities, The Associated Press reports. Webb is one of the key figures in the ongoing FIFA corruption and bribery scandal, which has rocked the organization to its core in recent months.
“… Webb secured the bond with a five Rolex watches plus a Cartier Roadster, Hublot, Breitling, Panerai, Royal Oak Offshore and Luminor Marina,” according to the AP. “Webb’s bond also is secured by a 2015 Ferrari and 2014 Range Rover in the name of his wife, Dr. Kendra Gamble-Webb, a 2003 Mercedes-Benz in his name and a 401(k) account in his wife’s name.
“His wife’s diamond wedding ring also is security along with a diamond bracelet, diamond and pearl necklace, one pair of pearl earrings, one pair of long-hanging diamond earrings, and Rolex and Hublot watches. Her partnership equity interest in a company whose name was redacted also was used.”
Webb, a Cayman Islands national, was one of the nine current and former FIFA officials indicted on corruption and racketeering charges in May along with five sports marketing executives.
Swiss authorities extradited Webb last week to the United States, and he entered the U.S. District Court in New York on Saturday for the first of what should be many days in court.
Webb pleaded not guilty to racketeering and bribery charges. He returned to court Monday and posted part of his bounty in order to secure his temporary release from detention. Webb reportedly must live within 20 miles of the Brooklyn court and also must pay for security measures such as electronic monitoring and home detention. Webb and his wife also surrendered all of their passports.
Webb, 50, assumed the role of CONCACAF president in 2012 and became one of FIFA’s vice presidents in 2013. CONCACAF and FIFA suspended Webb following his indictment, and he agreed not to associate with anyone related to the FIFA cases.
Thumbnail photo via Twitter/@ESPNFC