BASIC MATH: TOP RANK BOXING SCREWING “YORY BOY” CAMPAS!

August 29th, 2012 By Pedro Fernandez

Antonio "The Cheat" Magarito's Wife & Todd Du beof

SHOCKING REALITY OF BOXING VICTIM

San Francisco, CA- One area that I didn’t touch on in yesterday’s article on Top Rank Boxing was the financial numbers for “Yory Boy” Campas, meaning the money he was paid for each fight. In July 1997, Campas would face the infamous Verdell Smith (45-61-3, 18 KOs). The match, (excuse me, “cough cough”) was aired on Telemundo TV as Campas was being “readied” for a shot at then IBF 154 lb. champ Raul Marquez in December.

THESE FIGURES ARE NEARLY “PIMPING”

The following figures on the pay of “Yory Boy” Campas will be available a little later in this on the Top Rank memo you will see in full shortly. (1) July 17, 1997. (2) TELEMUNDO TV (3) Verdell Smith. 4) Purse: $10,0000. (5) Promotional Fee: $2,000. (6) Contract Purse Amount: $3,000.

WHERE DID THE MONEY “DISAPPEAR” TO?

Now what I first find suspicious to the say least is Top Rank Boxing taking a $2,000 Promotional Fee! A Las Vegas manager with some tenure laughed when he/she saw clause #5. “A promotional fee? (laugh, laugh).” OK, from the original $10,000 take away the $2,000 fee, and you have $8,000. From that you pay Campas $3,000, that leaves $5,000 missing and the seemingly onerous $2,000 Promotional Fee. This means that Campas got 30% of his purse, before any taxes, trainer, etc.

SEE THE MONEY & THINK OUT LOUD IF NEED BE

There’s $5,000 (50%) of the “Yory Boy” Campas purse that has simply disappeared! The onerous relationship between the promoter and client beats that of Elvis Presley and Colonel Tom Parker, as Parker got $1 buck for every dollar Elvis received. Either that or some money was slipped across the border to Campas. Ten rounds on TV, $10 grand and he only gets $3,000. If Top Rank has a defense for “Yory” getting only 30% of a purse please email me your side and I’ll be glad to print it.

SEE IRS LETTER IMPLYING TOP RANK BOXING STOLE MONEY

For the Raul Marquez December 1997 bout the numbers went like this: (1) Sept. 13, 1977. (2) Purse $55.000, yet a figure of $66,000 is penciled and circled in handwriting. I’m inclined to not guess that this handwriting was not written by sender Top Rank President Du beof, but more likely this is Mexican promoter Fernando Beltran’s copy as it appears he was on the phone with Todd after receiving this facsimile (fax) and talking. business. (3) Raul Marquez. (4) IBF jr. middleweight title. (5) Purse: $55,000. (6) Promotional Agreement $11,000.
(7) Contract Purse Amount $15,000. 8) Tax Witholding $5,000.

LOOK AT IRS MEMO BELOW

First up is an Internal Revenue Service letter stating they never received a penny of the tax money Top Rank was taking from “Yory Boy” Campas’ pay from 1996 to 2003. Who then was Top Rank paying with these taxes taking out of Campas check if NOT the IRS? Again, where did the money go Lee Samuels, Top Rank Publicist and mouthpiece, you should answer this by email.

HERE’S THE MEMO AS PROMISED

You look at this memo, match the numbers and realize how a fighter was treated pretty badly, although I could utilize different terms to address “pretty badly,” I’ll leave that to you the reader.

ANSWER THIS QUESTION FIGHT FANS

Now do you see why we need a Federal Boxing Commission?

Pedro Fernandez

COMMENTS

  1. A letter from the IRS to a taxpayer indicating they did not file their 1040 forms, does not mean the withholding taxes were not sent in by the promoter to the IRS.

    You constantly remind your readers that you were a SF police officer for 14 years.
    As you may recall, the police dept. sent you a W-2 form each year showing what amount they withheld from your pay and where it was distributed(Federal,State, Etc.) It was your responsibility to complete your own 1040 form. On the form you would show what was withheld, and depending on your tax liability you would either receive a refund or pay the additional tax due.

    Same rules apply to Yory Boy

    Sal on August 29th, 2012 at 2:45 PM

  2. Boxer gets robbed,beaten and kicked and only he and his family know the suffering.These “slave contracts” should be outlawed.

    one eye on August 29th, 2012 at 3:01 PM

  3. Sal, the IRS said they never received any documentation. I see you’re sticking up for Top Rank, how does one get $3,000 out of $10,000 purse? Or did you overlook those figures?

    Pedro Fernandez on August 29th, 2012 at 3:28 PM

  4. good stuff pedro! thanks for letting see how shady and crooked top stank really is. here is more proof that u cant believe anything thats comes out arum and co lying mouths. makes u wonder why would pacman mess with these crooks wen floyd and oscar fled as soon as they could? its 1or 2 things, either pacman is super stupid or arum is holding something (and we know what that is) over pacmans head.only time will tell.

    dizzj on August 29th, 2012 at 4:59 PM

  5. I would Imagine that the promotional fee paid was to Beltran Many fighters are involved with more than one promoter.

    Malcolm on August 30th, 2012 at 6:02 AM

  6. So that means you get 30% of the purse?

    Pedro Fernandez on August 30th, 2012 at 8:33 AM

  7. I am not sticking up for anyone. I was basing my comments on the letter you attached from the IRS, which only stated the taxpayer did not file a return for the years mentioned. The IRS is sitting on billions of dollars that were never claimed by taxpayers.

    Sal on August 30th, 2012 at 9:30 AM

  8. I think were all talking out of school. First of all the letter is page 2 of three pages. Second its only a proposal not a contract, merely an outline it seems. I think perhaps its only an outline of come conversations the different parties have had. Its unclear what there talking about for sure as far as all the points of the letter. Impossible to make a judgement on mere speculation.

    Malcolm on September 1st, 2012 at 11:35 AM

  9. I mentioned the first page was a cover sheet Malcolm, so I guss that got past you. I can tell you it was from Top Rank sending a fax to Fernando Beltran. What about getting $3,000 for a $10,000 purse? Defending Bob Arum and co horts against Campas is like defending Charles Manson against Sharon Tate. Ridiculous!

    Pedro Fernandez on September 2nd, 2012 at 6:02 AM

  10. Let’s get the record straight

    To Pedro Fernandez:

    Iwant to explain to your fans about the Mexican American treaty of 1954 signed by the American and Mexican governments states clearly that idf you come to the USA to fight “That any athelete who gets a purse of no more than $3000.00 you payno taxes to the IRS”. So Top Rank promotions have countless $3000.00 checks. That is no only Yory Boy Campas but to other Mexican fighters. Peter McKinn, promoter for Top Rank also went along with the same program since 2000. He has made many $3000.00 checks to Campas and others, like Bruce Trampler, Todd DeBueok, the Top Rank of Mexico Fernando Beltron. I was president at Holiday Inn North at 160 Frontage Rd in Newark, NJ which now is the Ramada Inn. Ihappen to be witness in 2009 in Teddy’s Restaurant to a young writer for the new York times named jon (john) elego phone # 646 808 4076 . He had called for joe diaz man. And trainer forcampas. Diaz & Campas came with a suitcase of many documents which he gave to mr. elego. M R.Elego called for this meeting, because he just came back from Mexico from an investigation for the New York Times . He told us at the table that he had been with doctors who never examined certain fighters yet those were their signitures on the exam.papers. Mr. Elego stayed at the same hotel in Tijuana Mexico were the fighters would have to report after their fight in U.S.A.and their $3000.00 as their partial purse and now some additional cash this way no taxes werepaid to I.R.S. Mr. Elego told Diaz & Campas the story would appear in the paper in a few days. The weeks went by &after many phone calls months later ,Mr. Elego said the story was killed by people above him. I believe that the power of Top Rank & their political friends stopped The Arizona Republic ,L.A. Times &New York Times from printing the truth. PS. The meeting at the table lasted 2 hrs. Sincerely Levi (a boxing fan)

    Levi on September 3rd, 2012 at 3:50 PM

  11. Interesting..

    Pedro Fernandez on September 3rd, 2012 at 6:36 PM

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