Ex-Boxer Pleads Guilty To Laundering Money For Drug Traffickers

DB Cooper

peel me a grape
May 17, 2013
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Retired junior welterweight Raul Torres 56 could be looking at a jail stint in the near future.

Torres retired in 1997 with a record of 12-7-2 and 2 knockouts. He went 10 rounds with an undefeated Hector Camacho in 1989, losing a unanimous decision in Atlantic City - on the Holyfield-Stewart undercard. But on Wednesday he pleaded guilty to laundering money for drug traffickers and other criminals through buying real estate.

Torres, who runs a boxing gym on West 32nd Street in Cleveland, was accused by the FBI of processing more than $1 million generated from drug trafficking and other crimes between 2011 and last year.

The FBI caught Torres discussing washing money by buying houses, fixing them and selling them for a profit. He also faced animal rights violations, because he trained roosters for cockfights. And at two locations in Cleveland’s West Side had roosters fight last year.

Torres admitted he was guilty of nine charges, including money laundering, operating an unlicensed money transmitting service and animal fighting violations. He agreed to forfeit about $60,500 seized from bank accounts and to pay a $1,037,086 money judgment.

Torres will be sentenced on Oct. 9. He is currently free on bond.

https://www.boxingscene.com/boxer-pleads-guilty-laundering-money-drug-traffickers--140548

Deserves some serious jail time based on that rap sheet.
 
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