Puerto Rico Boxing Legend Blew $63 Million On Gov’t Bonds

“Felix Trinidad, the former boxing great who held on to the welterweight championship for nearly seven years and is considered a godlike figure in his native Puerto Rico, finds himself broke after investing in Puerto Rico government bonds — investments he claims were made without his knowledge by a close friend who Trinidad hired to be his top financial advisor.  When Felix ‘Tito’ Trinidad was active in the ring, where he earned an estimated $90 million in his 15-year, 45-fight career, the Puerto Rico bond market was booming, a reflection of the island’s thriving economy throughout the 1990s and 2000s. But the free-standing United States territory piled up huge amounts of debt.”

http://www.inquisitr.com/1210168/felix-trinidad-broke-puerto-rico-boxing-legend-accuses-aide-of-blowing-63-million/

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