Webb bail: Homes, cars and jewels

Strict bail conditions were set by a U.S. federal court after former FIFA Vice President Jeffrey Webb and several members of his family put up millions of dollars in “real property” to secure his release from custody, pending trial. 

To meet the US$10 million bond to secure his release, 10 “real properties,” were put up, court records indicate. If Webb violates any conditions of his supervised release, those properties could be forfeited. 

Four of the properties are owned either by Webb or jointly by Webb and his wife, Atlanta-area doctor Kendra Gamble-Webb, according to court records. A fifth property is owned by Mrs. Gamble-Webb alone. 

Three of the remaining five properties are owned by Delroy Webb, one is owned by John Bodden and the other is owned by Mr. and Mrs. Leroy Jones Jr. The court records do not list locations or approximate values for any of the properties. 

Other assets posted as part of the bond include the Webbs’ 2014 Range Rover, a 2015 Ferrari and a 2003 Mercedes. In addition, Mrs. Gamble-Webb put up her 401k retirement savings account, an unidentified partnership equity interest and her diamond wedding ring. Also, nearly 20 pieces of jewelry and luxury watches, value unlisted, were posted to secure the bond. 

The conditions for Webb’s release also require him to pay for his own electronic monitoring, provide his own around-the-clock security using a security firm approved by the U.S. Federal Bureau of Investigation and federal prosecutors, and to live within 20 miles of the Eastern District federal courthouse in Brooklyn, New York. 

The residence requirement may be varied when bail conditions are reviewed by the court next month. 

“The defendant [Webb] may leave his residence only upon approval in writing by the FBI and [pre-trial services],” states the court order, which was made public Monday. “A private security service, approved by the U.S. attorney’s office and the FBI, will monitor the defendant’s physical location and provide security 24 hours per day, seven days a week.” 

Webb’s attorney, Edward O’Callaghan of the Clifford Chance law firm, will be allowed to have private meetings with Webb while the security service remains in “sufficient proximity,” according to the court order. 

Mr. O’Callaghan’s office declined to make any statements when contacted for comment on Wednesday. 

Webb was released on bail Saturday after pleading not guilty to a 15-count U.S. federal indictment alleging that he engaged in an international racketeering and bribery scheme with more than a dozen other defendants. 

So far, Webb is the only one of seven FIFA defendants arrested on May 27 in Zurich, Switzerland, to have been extradited to the U.S. The other six, including former Cayman Islands resident Costas Takkas, are still in detention in Switzerland awaiting court proceedings. 

The U.S. investigation has so far targeted nine current or former FIFA officials and five business executives of sports marketing companies which authorities allege paid bribes to the FIFA bosses in exchange for the award of lucrative commercial contracts for various football tournaments, including the World Cup. 

Aside from Webb, only one other defendant in the criminal investigation, Traffic USA chief executive Aaron Davidson, is in federal custody. Davidson was also granted bail.

For the Cayman Compass’s full FIFA coverage, visit the Compass Data Desk.