Webb posts 11 luxury watches, 3 cars to secure $10M bond

In this courtroom drawing, former FIFA official Jeffrey Webb, left, appears before United States Magistrate Judge Vera M. Scanlon, right, for arraignment on racketeering and bribery charges, Saturday, July 18, 2015, in New York. Webb pleaded not guilty and was released on $10 million bond. Webb’s attorney, Edward O'Callaghan is in the center and Assistant District Attorney Darren LaVerne is at right. (Elizabeth Williams via AP)

By Associated Press July 20, 2015 1 min read

NEW YORK (AP) – Former FIFA Vice President Jeffrey Webb no longer has time on his hands.

The indicted soccer 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, a 2003 Mercedes-Benz and a 401k account in his wife’s name. His wife’s diamond wedding ring is also included as security.