• Costa Rica Real Estate

Costa Rica’s ex-football chief Eduardo Li gets house arrest

February 25, 2016

NEW YORK — A New York judge agreed to a house arrest arrangement Wednesday for Eduardo Li, former president of the Costa Rican Football Federation charged in the FIFA corruption case, in exchange for a $5 million deposit.

U.S. District Court judge Robert Levy, who earlier turned down bail for Li saying he was too great a flight risk, accepted a defense proposal that included $1.1 million in cash and guarantees of two U.S. properties as security that he would remain in the United States to face fraud and money laundering charges.

Li’s house arrest will begin once the conditions are met, with another hearing on the matter set for March 8 if necessary.

Conditions include that Li remain in the New York area, monitored by an electronic bracelet and 24-hour video surveillance. Li also surrendered his passport to the FBI.

The 57-year-old Costa Rican was arrested in Zurich last May 27 at the outbreak of the FIFA corruption scandal and was extradited to the United States last December. He has said he is innocent of the charges.

Levy’s decision came despite a demand from federal prosecutors of a deposit of $10 million to $15 million, with at least $5 million each in cash and property guarantees.

Li is the only defendant extradited to the United States or who surrendered to U.S. authorities who remains in jail. He has been held in the Metropolitan Detention Center in Brooklyn, New York, since his extradition.

The FIFA scandal involves 39 people, mostly high-ranking football officials and employees of sports marketing firms. Twelve have pleaded guilty, agreeing to cooperate with prosecutors in exchange for a possible reduction of sentence, with 27 others currently on trial.

The spiraling scandal at world football’s governing body FIFA has led to the suspension of president Sepp Blatter from the game, with the election of a new president set to take place on Friday in Switzerland.

Facebook Comments

You may be interested

Uproar as Venezuela wins seat on UN rights council
Costa Rica
26 views
Costa Rica
26 views

Uproar as Venezuela wins seat on UN rights council

Philippe Rater / AFP - October 17, 2019

Venezuela won a seat on the UN Human Rights Council on Thursday, sparking outcry from the United States, advocacy groups…

UN elects Venezuela over Costa Rica to serve on Human Rights Council
Costa Rica
91 views
Costa Rica
91 views

UN elects Venezuela over Costa Rica to serve on Human Rights Council

Alejandro Zúñiga - October 17, 2019

Costa Rica's bid to block Venezuela from serving on the United Nations Human Rights Council came up just short. During…

Walmart now sells Costa Rican coffee under its ‘Great Value’ brand
Business
92 views
Business
92 views

Walmart now sells Costa Rican coffee under its ‘Great Value’ brand

Alejandro Zúñiga - October 17, 2019

Walmart's presence in Costa Rica is seemingly inescapable. In addition to the 12 Walmart Supercenters it operates in Costa Rica,…

Do NOT follow this link or you will be banned from the site!