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Webb posts 11 luxury watches, three cars to secure $10m bond

Webb posts 11 luxury watches, three cars to secure $10m bond

NEW YORK: Former FIFA Vice President Jeffrey Webb no longer has time on his hands.

The indicted football 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.

Jeffrey Webb, a citizen of the Cayman Islands who has a home in Georgia, was arrested in Switzerland in May and extradited to the United States. He pleaded not guilty Saturday to racketeering and bribery charges, part of an indictment of nine soccer officials and five marketing executives alleging a $150 million bribery and kickback scheme. Four others have pleaded guilty.

Published in Dawn, July 22th, 2015

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