No, that is completely false.
Koncz was recommended (planted) by Bob Arum.
This was confirmed by VisionQuest back in 2011, who audited Michael Koncz and revealed that he receives frequent payments from Top Rank.
" VisionQuest..... became even more concerned when they discovered "ridiculous amounts of money" being paid to Michael Koncz and, according to the press release, discovered that he was working on behalf of Top Rank "
It was well-documented at the time.
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