USA
Regional football body on hunt for top execs
(CNS): The beleaguered regional football body CONCACAF has sought outside help to find two new executives after most of its previous management team was arrested in the massive international scandal gripping the sport. The Confederation of North, Central America and Caribbean Association Football officials said they had hired two leading executive search firms to oversee the […]
Cayman firms fined $6M for helping tax dodgers
(CNS Business): Two subsidiaries of the Cayman National Corporation have pleaded guilty to helping clients evade taxes in a US Department of Justice crackdown on tax cheats. Cayman National Securities and Cayman National Trust entered guilty pleas Wednesday in a New York federal court. The bank will pay US$6 million in forfeiture and fines, prosecutors […]
CONCACAF drops legal action against hospitality firms
(CNS): As the corruption scandals plaguing the football world continue, the regional governing body CONCACAF has dropped its legal action against a group of hospitality companies that it had accused of defrauding the organisation and colluding with corrupt officials, including Cayman’s Jeffrey Webb. CONCACAF and Cartan Tours filed a motion Monday to dismiss the $50 million case […]
CONCACAF embraces reforms in effort to save itself
(CNS): The regional football association CONCACAF says it has collectively embraced the proposals for reform from FIFA and member states, including the Cayman Islands, will vote on the changes during the Extraordinary Congress later this month in Zürich. But a report by Reuters revealed that the association’s lawyers warned the members last Friday that if they don’t […]
Webb parties as Watson starts 7-year stretch
(CNS): As his old friend and business partner began settling into his new life in jail this weekend, former CIFA president and FIFA VP, Jeffrey Webb, was enjoying a lavish party at his Georgia mansion. Still under house arrest, Webb hosted a celebration for his wife’s 40th birthday at their home in Loganville, just outside Atlanta, which, according […]
Watson embroiled in CONCACAF civil case
(CNS): As Canover Watson began serving a seven-year sentence for corruption Friday, another public scandal he is involved in can now be revealed following the lifting of reporting restrictions on a civil lawsuit filed in the US. In the civil action by CONCACAF against travel firm, Cartan Tours, Watson is accused of being involved in a corrupt deal, […]
CONCACAF faces reform as Blake faces questions
(CNS): The executive committee of the Confederation of North, Central America and Caribbean Association Football (CONCACAF) has submitted a package of reforms and amendments to its members ahead of the extraordinary congress next month, when they will vote on the new clean-up package. Meanwhile, Bruce Blake, the president of the Cayman Islands Football Association, is […]
Stanford talks to BBC about appeal and life in jail
(CNS): In the first interview since he was charged with a catalogue of offences in 2009 relating to a massive Ponzi scheme, former billionaire Allen Stanford has spoken to the BBC, continuing to claim he is innocent of the fraud charges he is convicted of. Serving a 110 year sentence in a maximum security jail, […]
Cayman National to pay $5M in US tax evasion probe
(CNS Business): Cayman National Corporation is expecting to part with some $5 million in fines to the US authorities in relation to what the bank called “past wrongdoing” by two of its companies, Cayman National Securities and Cayman National Trust Company. In a report on the bank’s website covering its fourth quarter report for 2015, CNC revealed that […]
Webb embezzled cash meant for poorest kids
(CNS): As the international FIFA corruption scandal rolls on, the latest indictment by the United States Department of Justice outlines how Jeffrey Webb, the suspended Cayman Islands Football Association president, took cash meant for disaster relief and grassroots football programmes in some of the world’s poorest countries. Sports Minister Osbourne Bodden has again called for […]
Webb pleads guilty, gives up $6.7M in FIFA probe
(CNS): The former president of the Cayman Islands Football Association (CIFA), Jeffrey Webb, has pleaded guilty to charges against him in the United States Department of Justice FIFA investigation. The local football hero is one of eight defendants who have admitted to various racketeering offences, revealed in the latest update from the US authorities. Webb has […]
