Marin having trouble coming up with $1M cash bond
NEW YORK (AP) - Former Brazilian soccer federation president Jose Maria Marin is having trouble coming up with the $1 million he is to post as part of his bond on federal corruption changes.
Arrested in Switzerland in May while preparing to attend at the FIFA Congress, the 83-year-old was extradited to the United States and pleaded not guilty on Nov. 3 to charges of racketeering conspiracy, wire fraud conspiracy and money laundering conspiracy.
U.S. District Judge Raymond J. Dearie set bond at $15 million, including $1 million in cash, a $2 million corporate surety bond and a mortgage on a Manhattan apartment. All were due to be given to the court's clerk by Nov. 6.
While the mortgage was submitted, Marin's lawyers asked for extensions to submit the cash and corporate surety bond.
A day after sending a letter to the court saying he Marin planned to give the court a check this week for $769,000 and to pay the balance by April 4, Charles A. Stillman, a lawyer for Marin, wrote the court Tuesday saying the balance will be paid by Friday.
Stillman's latest letter told the court a letter of credit has been obtained from a Brazilian bank and he hopes to finalize the issuance of the surety bond by this Friday or shortly after.
Stillman asked that security for the bond be modified. He also said Assistant U.S. Attorney Samuel P. Nitze told him the government does not consent to the change.
Marin is among 14 soccer officials and marketing executives indicted on corruption charges. The U.S. government investigation is ongoing.