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Former FIFA VP Jeffrey Webb’s Expensive Bond for Custody Release

July 21, 2015 By William Bland Leave a Comment

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Former FIFA VP Jeffrey Webb has gathered up the valuables for paying the 10 million dollars bound for custody release

Former FIFA VP Jeffrey Webb has gathered up the valuables for paying the 10 million dollars bound for custody release

It’s been a while now since the FIFA corruption scandal took the media by storm. Former Vice President of FIFA, Jeffrey Webb  has made custody bond, albeit a pricey one.

A bond that ensures his freedom from custody, set at no less that 10 million dollars. It might not be a lot for Jeffrey Webb, but it took a supported effort from his wife, Kendra Gamble-Webb as well in order to meet.

So far, the list of luxury items that the former FIFA official is lengthy: 11 luxury watches, no less than 10 properties, three luxury cars, as well as Kendra Gamble Webb’s wedding ring, a pearl necklace, a diamond bracelet and other luxury jewelry.

Thus, five Rolex watches, one Cartier Roadster, one Breitling, one Panerai, one Hublot and one Royal Oak Offshore, as well as a Luminor Marina were partly used to cover the 10 million dollars bond for the former FIFA official.

Prior to the setting of the bond by the U.S. court where he has been trialed, Jeffrey Webb pleaded not guilty on all counts. The massive FIFA scandal underpinned by corruption allegations has brought fourteen defendants under charges.

Of all seven that have been taken into custody in Zurich, Jeffrey Webb did not contest extradition. He was flown to the U.S. and faced the court where he pleaded not guilty for all charges.

Nonetheless, Jeffrey Webb has surrendered both his passports to U.S. authorities, and is thus rendered unable to leave his home in Brooklyn, as well as having to pay the bond that ensured his custody release.

Jeff Webb is the first former FIFA official to appear in the federal court in New York under the charges brought by the U.S. investigation in the sweeping corruption scandal. With double citizenship, of the Cayman Islands and the U.K, Jeffrey Webb now remains bound to U.S. territory.

The FIFA scandal brought about charges for receiving and soliciting above 150 million dollars over a period of 24 years for 14 defendants. Loretta Lynch, the U.S. Attorney General, already made the 47-count indictment public in May. These included beyond bribes soliciting, racketeering, money laundering and wire fraud.

Former Vice President of FIFA, Jeffrey Webb was also the president for the Cayman Islands Football Association. CONCACAF was also under his attributions.

Of all charges, the U.S. prosecutors maintain that he received more than 7 million dollars in bribe from the president of Traffic Sports U.S.A., Aaron Davidson under the provision he would receive exclusive rights for all soccer tournaments contracts.

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