FIFA’s Jeffrey Webb secures bond using luxury watches, cars
Former CONCACAF President Jeffrey Webb, one of nine high-ranking FIFA officials indicted by the federal government, turned over a treasure chest full of items to secure the $10-million bond that released him from custody over the weekend.
Webb pleaded not guilty to racketeering and bribery changes in a Brooklyn federal court Saturday. He was released following his arraignment.
Webb, a 50-year-old from the Cayman Islands who was extradited from Switzerland to the U.S. to face charges, turned over 11 luxury watches, three luxury cars, 10 properties and his wife’s wedding ring, among other things.
According to the Associated Press, an order filed Monday setting the conditions for his release said Webb secured the bond with five Rolex watches plus a Cartier Roadster, Hublot, Breitling, Panerai, Royal Oak Offshore and Luminor Marina.
Webb’s bond also is secured by a 2015 Ferrari and 2014 Range Rover, a 2003 Mercedes-Benz and a 401(k) account in his wife’s name. His wife’s diamond wedding ring is also included as security.
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