According to an article published on Thursday by Puerto Rican newspaper El Nuevo Dia, former three-division champion Felix "Tito" Trinidad is broke and seeking court-mandated relief on his personal debt after finding out that his top aide, Jose "Pepe" Ramos, squandered over $63 million on now-worthless government bonds.
Ramos was Trinidad’s personal English-Spanish interpreter for many years, but also served as an investment advisor, a position he held since 1991. He was also a personal friend of the fighter’s family, and was the best man in Trinidad’s wedding.
El Nuevo Dia has indicated that Ramos was in turn "hired" as a consultant by three different investment funds (Wells Fargo Advisor, UBS and Popular Securities) only because he was in charge of managing a large percentage of the fighter’s reported $85 million in earnings. Now, Ramos is being singled out by the Trinidads as the only culprit in a series of bad investment decisions allegedly made without the consent or knowledge of the fighter and his father, Felix Trinidad Sr., who is also his former trainer/manager.
sorry to see that!