MMA manager Monte Cox pleads guilty to federal tax evasion charge
Monte Cox has managed multiple UFC veterans and champions, over the years, including Matt Hughes, and Jens Pulver. Now, the Iowan faces a federal prison sentence after pleading guilty to one count of filing a false tax return.
The manager and successful regional fight promoter appeared before a U.S. District Court in Davenport, according to the Quad City Times. In addition to facing up to three years in a federal prison, Cox could also be fined up to $100,000.
The suit claims Cox lived and worked in Bettendorf, Iowa between 2007 and 2010 and operated under his business, Ultimate Productions Inc. But the money Cox received during that time from fighters, sponsors and fight venues “significantly exceeded” the income he reported on his tax filings for those years.
According to the plea agreement, Cox under-reported his total income by an estimated $255,036 in 2007, $295,854 in 2008, $405,778 in 2009 and $152,509 in 2010.
Cox is scheduled to be sentenced on Feb. 24.
Before Cox became a promoter and one of the most successful managers in MMA’s short history, he actually worked as a sports editor for the Quad City Times newspaper. He became well-known for featuring many fighters on his regional shows who would go on to fight in the UFC and other top international promotions, as well as for managing the careers of many world champions.