We shared with you earlier the news about extradited former FIFA vice president, Jeffrey Webb pleading not guilty in a US court in connection with the massive international corruption scandal, with his release was set at a $10 million bond(CLICK HERE to read more).
Now, we are bringing you more details on how he sorted out posting of the bond!
Jeffrey Webb, who has also been the president of CONCACAF since 2012, was arrested in Switzerland in May and extradited to the United States on racketeering and bribery charges. He pleaded not guilty Saturday to the charges, which is part of an indictment of nine soccer officials and five marketing executives alleging a $150 million bribery and kickback scheme.
As a condition of his bond, he must reside within 20 miles of U.S. District Court in Brooklyn and is paying for electronic monitoring and home detention. The indicted soccer official is providing 11 luxury watches to secure the $10 million bond that provided his release from custody along with his wife’s wedding ring, three opulent cars and 10 properties.
According to an order filed Monday setting the conditions for release, Webb secured the bond with a five Rolex watches plus a Cartier Roadster, Hublot, Breitling, Panerai, Royal Oak Offshore and Luminor Marina.
The government noted that the Hublot has not yet been turned over to the FBI and must be provided by Aug. 2
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 401k 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.
In addition, bond was secured by ten properties.
Following the indictment he was provisionally suspended by FIFA and CONCACAF, the regional governing body of North and Central America and the Caribbean.
Source: AP
