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According to the The Ring, former three division champion Felix “Tito” Trinidad is broke after finding out that his good friend and investment advisor Jose “Pepe” Ramos squandered over $63 million on now worthless government bonds. Moreover, Ramos was hired as a consultant by three different investment funds (Wells Fargo Advisor, UBS and Popular Securities) while managing the fighters $85 million in earnings and now being the blame for a series of bad investment decisions made without consulting with  Trinidad and his father Felix Trinidad Sr. (former trainer/manager).


Yesterday, Trinidad’s legal team presented a petition of interdiction in San Juan asking for a mediation by the Financial Industry Regulatory Authority (FINRA).Now allegedly he has about $9 million in assets but almost $30 million in debt.