Is fernando Vargas really broke?

[andres aza]

I saw on here that he got millions taken away and that he is broke. ANyone confirm it?

[DR.ORGYY]

ask em.........

[Golden Boi 360]

i don't think so, guy has his own promotional company.

[pinkivory]

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.

[adrian16]

Money is so not realiable....

[Gorilla Dogs]

[Check_hooks]

he probably spent all his money on steroids and tacos

[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.

[pinkivory]

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.

[BostonGuy]

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.