Fernando Vargas is broke, may fight again (Ring Magazine excerpt)

[_I Am_]

What do you guys think about this?

According to the Ventura County Star, Joseph Louis Pecora, a former business manager of Fernando Vargas, has been arrested by the Ventura County Sherriff's Dept. on su****ion of stealing from the former IBF and WBA juniour middleweight titleholder. Pecora had access to Vargas; vank accounts while working for the boxer. "He was involved in the grand theft and forgery of one or more of those accounts, and after an extensive investigation, we have probable cause to arrest for those charges," said Sheriff Captian Rick Barrios. Vargas' attorney said that Pecora worked with Vargas from the late 90's until about 2 or 3 years ago when the boxer discovered he had no money in the bank. Ramirez alleges that Pecora pocketed about 400,000, which, when added to his alleged mismanagement of Vargas financial affairs cost the fighter and his family to move from out of the Camarillo home as a result. "He thought he had millions of dollars in the bank, and now he might have to start training to get back in the ring again," sais Ramirez. "He's got to support his family.

[MeccaOfBoxing]

Damn, thats sad........

[_I Am_]

Damn, thats sad........

I thought the same thing when I was reading it........ How could someone do that to another person?

[Pez]

Some people are scum. I feel sorry for the dude.

[War Dinamita]

I feel bad for his fam.

[V.WEBB]

It sucks, it really does. I remember back when I was very young, I saw him fight here in St. Louis as an amateur. I hope it all works out for him.

[_I Am_]

I feel bad for his fam.

Exactly dude....

The dude was the ultimate blood and guts warrior.... He gave his all and left it all in the ring EVERY FIGHT.....

And now that he is out of boxing, its not even him, its someone else that literally swindled MILLIONS of dollars away.....

Damn......

[Devils Advocate]

It sucks, it really does. I remember back when I was very young, I saw him fight here in St. Louis as an amateur. I hope it all works out for him.

i can't believe this happened to Vargas years ago he did really good with his cell phone business and I thought he had good business sense. There are some real financial scumbags out there that take advantage of athletes and actors.

[_I Am_]

i can't believe this happened to Vargas years ago he did really good with his cell phone business and I thought he had good business sense. There are some real financial scumbags out there that take advantage of athletes and actors.

Not only that, I head he opened up a chain of Subway's because him and his family loved eating Subway......

What a piece of ****......

[ColWallace]

It's sad no doubt, but also dumb and gullible in the extreme to give anyone access to your bank accounts and seemingly not check your accounts for years. Real dumb.