On Aug. 17, a federal jury in N.J. found Robert “Bob” Lee, Sr., ex-boss and founder of the Int’l Boxing Fed’n, guilty on six counts of union corruption. He faces 37 to 46 months in jail for convictions on three counts of racketeering, two counts of tax evasion and one count of money laundering.
U.S. Atty. for N.J., Robert J. Cleary, charged Lee with taking $338,000 in bribes from promoters and managers to fix rankings and sanction fights. The jury, found Lee guilty in his dealings with Francisco Fernandez of Colombia, the IBF’s S. Am. representative. Lee was acquitted on charges of improper payments to him by promoters Bob Arum, Cedric Kushner and Dino Duva.
Federal prosecutors continue their civil case against Lee and his son Robert, Jr., in which they are seeking a permanent injunction to keep the Lees from any involvement in the IBF and attempting to recover … Read More ➡