Retired junior welterweight Raul Torres could be looking at a jail stint in the near future.
He retired from the sport in 1997 after a decision win, and a record of 12-7-2 and 2 knockouts. He went ten rounds with an undefeated Hector Camacho in 1989, losing a unanimous decision in Atlantic City – a fight which took place under Evander Holyfield vs. Alex Stewart.
But on Wednesday the boxer who was well known in Cleveland pleaded guilty to laundering money for drug traffickers and other criminals through buying real estate, according to cleveland.com.
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 the 56-year-old former fighter discussed 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.