Former strawweight and junior flyweight champion Ivan Calderon, one of the best and most technically skilled boxers of his generation, is in the news in Puerto Rico after federal agents seized $4 million worth of cocaine from a property he owns.

Calderon issued a statement to WAPA-TV in Puerto Rico denying any knowledge of the drugs, stating the house was one of several investment properties he owns and he was not aware of any illegal activities there.

No information was revealed as to whether or not Calderon was renting the house to a third party, although one news outlet has disclosed that a married couple was living there.

The raid was related to the arrest of a Puerto Rican trafficker, who has been charged in the United States with smuggling cocaine onto American soil through the Dominican Republic.

Calderon (35-2-1, 6 KO), who will have a good Hall of Fame case when his time comes, has seen his boxing career begin to fade. At age 36, he recently returned to the 105-pound division and struggled in what was supposed to be an easy fight.