Former Caribbean Football Official Uses Wife’s Ring To Help Make Bail

Former CONCACAF President Jeffrey Webb greeting AFC President Shaikh Salman bin Ebrahim Al Khalifa following the signing of a Memorandum of Understanding between the two Confederations in Zurich on May 26, 2015. (CONCACAF image)
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News Americas, NEW YORK, NY, Tues. July 21, 2015: Jeffrey Webb once sat pretty as President of CONCACAF and FIFA vice president; so much so that his personal assets included 11 luxury watches, a Mercedes-Benz and ten properties. On Saturday, the Cayman-Islands-born Webb had to shell those assets out along with a diamond ring of his wife to secure the $10 million bond needed to release him from jail.

Webb, according to Bloomberg News, also secured bond with five Rolex watches plus a Cartier Roadster, Hublot, Breitling, Panerai, Royal Oak Offshore and Luminor Marina.

That plus 10 properties located from New York to Florida; his wife’s diamond wedding ring, her diamond bracelet, her diamond and pearl necklace, one pair of pearl earrings, one pair of long-hanging diamond earrings, and her Rolex and Hublot watches helped bail him out along with her 2015 Ferrari and 2014 Range Rover and a 401k account.

Webb on Saturday entered a not guilty plea in Brooklyn federal court to all 17 felony charges he faces including racketeering conspiracy, wire fraud conspiracy and money laundering conspiracy.

He is one of 14 defendants in a U.S. multinational investigation into international soccer corruption. Webb is accused of absconding with millions of dollars from kickbacks and bribes arising from marketing deals and rights fees.

Webb must now wear an electric monitoring device and cannot leave his residence without approval from the FBI except for medical emergencies. He must also employ a private security firm, which will monitor his movements for authorities and will protect him from possible danger.

Webb also had to surrender his passports, two from the United Kingdom and one from the Cayman Islands, and is barred from associating with any co-defendants or anyone involved in FIFA, CONCACAF or CONMEBOL, the South American Football Federation.

Webb became president of CONCACAF in 2012. He is reportedly working out a plea agreement with federal authorities. USA, LLC OnDeck