Jeff Webb running out of cash and wants to go home
By Selim Algar From New York Post
Indicted ex-FIFA exec says home confinement driving him broke
Freedom is coming at too steep a price, an embattled former FIFA soccer boss whines in a plea for more lenient bail terms.
Indicted former FIFA vice president, Jeffrey Webb, claims in the new filing that his round-the-clock home confinement costs — a requirement of his massive $10 million bail package — is gutting his finances.
The former Cayman Islands resident — who once ran the North American and Caribbean soccer federation known as CONCACAF — wants to shift his supervised release to his family’s home in Loganville, Georgia, according to Brooklyn federal court papers.
Webb, who is accused of breathtaking acts of fraud along with other top FIFA executives, claims that the cost of paying for 24-hour monitoring in New York has become unmanageable.
“The costs associated with maintaining his residence in close proximity to this courthouse and paying for the required security detail for the month that Mr. Webb has been in the United States are now posing extraordinary financial and logistical burdens on Mr. Webb and his immediate family…,” the letter to Judge Raymond Dearie states.
“This financial burden is worsened by the fact that nearly the entirety of Mr. and Mrs. Webb’s cash savings is maintained in bank accounts that are encumbered as a result of the indictment and forfeiture allegations in this case,” the filing states.
The letter also theorizes that security costs in Georgia are likely to be far cheaper than in New York City.
Webb also argued that living with his family would allow him to take care of his young child, affording his physician wife more time to find employment.
The filing indicates that Brooklyn federal prosecutors are not opposing the bail modification as long as current security measures remain in place.
Webb is charged with pocketing millions of dollars in bribes and kickbacks in exchange for steering lucrative marketing and broadcast rights deals.
He was swept up in a sprawling indictment of several top FIFA executives by Brooklyn federal prosecutors.
IMAGE: Jeffrey Webb exits the Brooklyn Federal Courthouse after a hearing on Aug. 14. Photo: Reuters
For more on this story go to: http://nypost.com/2015/08/27/indicted-ex-fifa-exec-says-home-confinement-driving-him-broke/
