Indicted ex-FIFA official posted $10 million bond with 10 properties, 3 cars, wife's wedding ring

Former FIFA vice president Jeffrey Webb was forced to hand over "a treasure chest full of items" in order to post his $10 million bond.

Indicted ex-FIFA official posted $10 million bond with 10 properties, 3 cars, wife's wedding ring
By Ari Gilberg

Former FIFA vice president Jeffrey Webb was forced to hand over "a treasure chest full of items" in order to post his $10 million bond, and secure his release from custody, this past weekend, according to multiple news outlets.

Webb, who also served as president of CONCACAF, reportedly provided 11 luxury watches, 10 properties, three cars, and his wife's diamond wedding ring, among other items in order to secure his bond. According to the Associated Press, Webb turned over:

11 luxury watches - five of which are Rolex watches, as well as a Cartier Roadster, Hublot, Breitling, Panerai, Royal Oak Offshore and Luminor Marina 10 properties - none of which are named

Three luxury cars - a 2015 Ferrari, a 2014 Range Rover (in his wife's name), and a 2003 Mercedes-Benz

One diamond wedding ring - provided by his wife
ADVERTISEMENT

One diamond bracelet - provided by his wife

One diamond and pearl necklace - provided by his wife

One pair of pearl earrings - provided by his wife

One pair of long-hanging diamond earrings - provided by his wife
ADVERTISEMENT

401k account in his wife's name - provided by his wife

His wife's partner equity interest in a company whose name was redacted - provided by his wife
ADVERTISEMENT

Webb was indicted, along with eight other high-ranking FIFA officials, by the US Justice Department for his role in the much-publicized FIFA corruption and bribery scandal. He pleaded not guilty to bribery and racketeering charges in federal court Sunday, and was released following his arraignment, according to LA Times' Kevin Baxter.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Sports › Indicted ex-FIFA official posted $10 million bond with 10 properties, 3 cars, wife's wedding ring
Text Size:AAA
Success
This article has been saved

*

+