Felix Trinidad reaches debt deal after alleged $63-million loss
SAN JUAN, Puerto Rico — Puerto Rico boxing star Felix Trinidad has reached a debt deal with a local bank following alleged losses of $63 million that he blames on a former financial adviser.
Tuesday’s deal temporarily halts a $2.9 million payment that Banco Popular had sought from Trinidad.
Trinidad and his father had filed a complaint with the Financial Industry Regulatory Authority last week accusing former adviser Jose Ramos of making investments without their consent. Ramos has said that the accusations are false.
Trinidad is scheduled to be inducted into the International Boxing Hall of Fame on June 8.
ALSO:
Boston Marathon bombing anniversary is solemn, yet inspiring
NHL playoff preview: Breaking down the first-round matchups
Trainer Gary Vitti suffers through a painful season with the Lakers
Get our high school sports newsletter
Prep Rally is devoted to the SoCal high school sports experience, bringing you scores, stories and a behind-the-scenes look at what makes prep sports so popular.
You may occasionally receive promotional content from the Los Angeles Times.
