GEORGE TOWN, Cayman Islands (CNS) -- Former Cayman Islands football chief Jeffrey Webb was earning $2 million a year when he was head of the regional football body, Confederation of North, Central America and Caribbean Association Football (CONCACAF), at the same time that he was allegedly embezzling huge sums from the Cayman Islands public purse.
An article on Bloomberg about the troubles now facing the federation reveals that, as well as picking up a significant pay packet, Webb was also running up massive expense bills and flying around on a private jet, billing CONCACAF for costly overseas trips and charging liquor bills and strippers to the corporate credit card.
The Bloomberg article by Tariq Panja and David Voreacos revealed that CONCACAF invoices that they have seen show that, on one “delegation travel” bill, for a trip from Jamaica to Mexico, Webb claimed $96,000. He also used the CONCACAF credit card for bar tabs and strip club bills, at least one of which exceeded $25,000. The news report stated that Webb and his deputy at the time, Enrique Sanz, who has also been charged in the massive FIFA corruption probe, approved each others’ expenses.
As Webb was pulling in the big bucks from CONCACAF, he was also allegedly also creaming off hundreds of thousands of dollars in a corrupt contract with his Cayman Islands business partner Canover Watson.
In the report, Bloomberg said Webb used CONCACAF funds to hire a security firm to sweep his Atlanta home and the Miami offices for listening devices. Evidence revealed in the Watson's trial last month also implied that Webb had purchased that luxury mansion in Georgia with the cash he got from the corrupt hospital contract in his deal with Watson.
Bloomberg said that CONCACAF, which has annual revenues of around $80 million, has been virtually cleaned out, pointing the finger at Webb. Lawyers told members at a CONCACAF meeting earlier this month that the federation was down to $11 million but $9 million of that is out of reach to the federation, as the money is believed to be in the Cayman Islands in bank accounts still controlled by Webb.
The disgraced former president of the Cayman Islands Football Association remains under house arrest in the US awaiting sentencing after he pleaded guilty to racketeering charges in relation to the US football probe and his assets have been frozen. Webb was among the seven FIFA officials arrested last May at the Baur au Lac in Zürich, the same hotel where soccer delegates will be staying this week for the upcoming FIFA/CONCACAF summit and elections.
Webb has not answered the charges against him in relation to the hospital contract allegations but the Cayman Islands judge who sentenced Watson on 5 February to seven years in jail, made it clear he believed Webb was guilty and had been the “senior partner controlling the bank accounts” in the corrupt agreement.
Republished with permission of Cayman News Service