Originally Posted by AREA 53
Probably Promoter Howard Smith and colleague, and their defrauding of Wells Fargo Bank (?) to put on Lavish fight cards, some boxers did prosper from overly generous purses, it didnt take long for these revenue losing promotions to ring alarm bells, it was a subject of a book called "Ėmpire of Deceipt "
Winner. I had almost forgotten about Howard Smith.
If I recall correctly, he kind of came out of nowhere and started promoting fights, paying huge (for that time) paydays to fighters.