GUILTY EX-CIFA HEAD JEFFREY WEBB NAMES PANAMANIAN CORPORATIONS IN FIFA CORRUPTION SCANDAL

Jeffrey Webb:Guilty

Jeffrey Webb, the former head of the Cayman Islands Football, and who had pled guilty to his involvement in the massive FIFA corruption probe, has been cooperating with US law enforcement authorities in their investigation into the payment of millions in bribes and kickbacks. His assistance has reportedly been a major factor in the recent indictment of additional FIFA executives.

Webb was the Business Development Manager at the local Western Union money service business, which was closed without warning in July; Webb was arrested in May. The MSB was a subsidiary of Fidelity Bank (Cayman) Limited, whose parent, Fidelity Bank International, Limited, is located in Nassau. Bahamas.

WUs abrupt closing: due to Webb's arrest ?

Fidelity was one of the financial institutions named in the superseding indictment, for having moved a portion of the bribe money paid to him. Webb reportedly has named more than one dozen Panamanian corporations as entities through which bribe payments were facilitated to those individual indicted.