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New Jersey Casino Regulators Seek To Bar Two Promoters5 October 2000NEWARK, NEW JERSEY – Oct. 5, 2000 – As reported by The Associated Press: "State gambling regulators on Thursday moved to bar two of boxing's biggest promoters, Bob Arum and Cedric Kushner, from staging matches at Atlantic City casinos. "The action stems from testimony by Arum and Kushner during this summer's trial and conviction of former IBF head Bob Lee. "…The action comes nearly two months after Lee was convicted of tangential charges after a four-month racketeering and bribery trial. "Arum, who operates Top Rank in Las Vegas, testified in June about making a $100,000 payoff in 1995 to the IBF to sanction a title fight between his boxer, heavyweight champion George Foreman, and unranked German fighter Axel Schulz. "Kushner, who was denied immunity, told Lee's federal jury he made payments of $2,500 to $10,000 to the IBF several times a year from 1987-1994, and a $100,000 payoff in 1995 for the IBF to order a rematch after Foreman prevailed in a disputed decision over Schulz, Kushner's fighter. "…State boxing commissions are also looking at testimony regarding Don King, the sport's dominant promoter, and the Duva family of Main Events Inc. "Lee was acquitted of 27 felony counts, as the jury rejected prosecution claims that the IBF routinely took bribes from promoters and managers to rig its ratings…" |