Is fernando Vargas really broke?

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  • andres aza
    Banned
    • Dec 2008
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    #1

    Is fernando Vargas really broke?

    I saw on here that he got millions taken away and that he is broke. ANyone confirm it?
  • DR.ORGYY
    Undisputed Champion
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    • Mar 2010
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    #2
    ask em.........

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    • Golden Boi 360
      Boxing's Biggest Cash Cow
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      • May 2010
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      #3
      i don't think so, guy has his own promotional company.

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      • pinkivory
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        • Jun 2009
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        #4
        Unfortunately, it happens with many boxers and other athletes. They start making millions and start living the high life. When they come to see, they do not know where the money went. Some are becoming more intelligent in that department and are investing in businesses and other means of revenue for the future.

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        • adrian16
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          • Feb 2010
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          #5
          Money is so not realiable....

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          • Gorilla Dogs
            G Doggy Dog
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            #6

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            • Check_hooks
              The Don of NSB
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              • Feb 2010
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              #7
              he probably spent all his money on steroids and tacos

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              • joe strong
                Average Joe
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                #8
                I heard he lost millions due to mismanagement by his financial advisers...have no proof but I heard this during some broadcast last year...I could be wrong though.

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                • pinkivory
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                  #9
                  Originally posted by joe strong
                  I heard he lost millions due to mismanagement by his financial advisers...have no proof but I heard this during some broadcast last year...I could be wrong though.
                  If I am not mistaken, it was his mother who was handling his money and he was suing her b/c he claims she stole his money or something to that effect.

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                  • BostonGuy
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                    • Feb 2008
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                    #10
                    As reported on Boxingscene several months ago, his former manager is being investigated for embezzling thousands of dollars from Vargas. It's a shame really; Vargas fought in a lot of brutal fights and he should have something to show for it.

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