Felix Trinidad reaches debt deal
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.