Bobby Chacon, former featherweight champion of the...

Bobby Chacon, former featherweight champion of the World Boxing Council, and his former wife, Melissa, are suing their financial consultants for allegedly mismanaging investments.

The suit, filed last week in Butte County Superior Court by Oroville attorney Steven Howell, seek $2 million in punitive damages and a return of their $25,000 investment.

The defendants, who live in Chico, include certified public accountants Dennis Ragain, Ray Spiker and Terry Horne, and investors Stanley Korock and Brian Sweeney.