Mi Casa es Tu Casa: Webb hands $1.4m from sale of Georgia home to US prosecutors

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November 3 – Former CONCACAF president Jeffrey Webb, currently awaiting sentencing next July for his role in the FIFA corruption scandal, has handed over the cash from the sale of his Loganville, Georgia, home to the US justice department.

Webb has already agreed to forfeit $6.7 million in cash assets and property as part of his guilty plea.

Initially the district court in the Eastern District of New York had made a preliminary forfeiture order for the property but before that could be enforced the Webb and his wife Kendra had entered a contract to sell the property with the court then accepting the cash in lieu of the property.

The extent to which Webb’s crimes have impacted on his family are becoming more apparent with his wife having to agree to a judicial forfeiture of the house.

The house had become a feature of the case being made against Webb as prosecutors alleged that a swimming pool was built on the property with the proceeds of bribes channelled to Webb via accounts controlled by Costas Takkas.

Takkas, who pleaded guilty to one count of money laundering and funnelling $1.75 million to Webb, was sentenced Monday to 15 months in jail and to pay a share of $3 million in restitution to the Caribbean Football Union for the loss of income from its commercial rights.

Takkas did not take a cut or fee from the transfer of the bribe money from Traffic Sports USA that was eventually sent to Webb. The bribe was for $3 million but only $1.75 million was received.

It is not clear if any of Webb’s agreed forfeiture of $6.7 million will be used to pay for his share of the $3 million restitution or whether his share of the restitution will be added on top.

Webb’s property had initially been bought from a construction company for $590,000. The three storey 9,851-square-foot home, which is listed as having six bedrooms and eight bathrooms, is one of several properties that Webb owns in Georgia.

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