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New York Revokes Boxing 360’s Promotional License

by David P. Greisman

The New York State Athletic Commission voted in late March to revoke the promotional license of Boxing 360 and its president and chief executive, Mario Yagobi, according to an order posted on the commission’s website.

It also declared void any contractual relationships the New York-based company has within the commission’s jurisdiction.

An investigation into Boxing 360 and Yagobi began more than a year ago following a complaint filed by heavyweight Maurice Harris.

Boxing 360 was told that it needed to supply the commission with a variety of paperwork, including any signed agreements with Harris; any exhibitions or bouts offered to Harris, including what efforts the company put forth to make those bouts a reality; documents related to Harris’ fights in 2011 with Tony Thompson and Derric Rossy; financial records related to Harris; and a sworn statement as to whether Boxing 360 had ever contracted with other promoters on Harris’ behalf.

But when Boxing 360 responded, the records sent apparently were not everything the commission had asked for, according to a decision signed by a New York administrative law judge.

The judge also concluded that Boxing 360 had not been truthful when it claimed never to have signed a bout agreement with another promoter on Harris’ behalf. The judge’s decision noted that a bout agreement for Harris vs. Rossy contradicted that claim.

Boxing 360’s conduct during the investigation case “was detrimental to the interest of boxing,” the judge wrote. “In the face of a lawful inquiry by the State Athletic Commission into a complaint made against them by a boxer, the respondents submitted a fraudulent affidavit and declined to supply financial documents pertinent to their dealing with the complaining boxer, and then falsely tried to place the blame on their attorney. Such conduct cannot be condoned as it tends to undermine the entire regulatory scheme established by the Legislature to protect the integrity of professional boxing, and, I find, is too serious to be dealt with the imposition of just a fine.”

The company’s website lists 13 fighters within its stable: Eudy Bernardo, Nick Casal, Vitaliy Demyanenko, Joel Diaz Jr., Atlantez Fox, Keandre Gibson, Maurice Harrison, KeAndrae Leatherwood, DonYil Livingston, Aalan Martinez, Mike Mollo, Guy Robb and Aleem Whitfield.

It’s uncertain just how accurate that list is these days, however. For example, a report on RealCombatMedia.com says that Mollo got out of his contract with Boxing 360 a year ago.

And matchmaker Rick Glaser says he is incorrectly listed on the company’s website as working for Boxing 360.

“I have no association with embattled Boxing 360 in a year, but my name remains on their website as matchmaker,” Glaser tweeted on April 3. He said the company retained him in summer 2012 but never promoted a show.

Pick up a copy of David’s new book, “Fighting Words: The Heart and Heartbreak of Boxing,” at http://bit.ly/fightingwordsamazon or internationally at http://bit.ly/fightingwordsworldwide . Send questions/comments via email at [email protected]

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