Costas Takkas, a former general secretary of the Cayman Islands soccer federation, pleaded guilty to money laundering on Wednesday during a federal court session in New York City.
His guilty plea was in connection with his acceptance and transportation of millions of dollars in bribes paid to Jeffrey Webb. Webb is the former president of the Confederation of North, Central America and Caribbean Association Football, CONCACAF, and International Federation of Football Association, FIFA, vice president.
Takkas is expected to face a maximum sentence of 20 years.
Webb accepted a US$3 million bribe in exchange for using his influence as a soccer official to award and enforce a contract granting two sports marketing companies the media and marketing rights to home World Cup qualifier matches, Around the Rings reported, citing court documents.
The matches were played by teams representing soccer federations of the Caribbean Football Union during the 2018 and 2022 qualification cycles.
Webb, Takkas, and representatives of Traffic USA, one of the implicated sports marketing companies, arranged for the group to secretly funnel half of Webb’s US$3 million bribe through front companies and accounts controlled by Takkas, Around the Rings added.
Takkas’ investigation is set to continue in coming months.