Felix Trinidad has successfully temporarily stopped a $2.9 million payment a bank had sought in his ongoing financial crisis, which was reported last week and has been blamed on an adviser making investments without he or his father's consent.
Felix Trinidad has reached a debt deal with a local bank following alleged losses of $63 million that he blames on a former financial adviser.
Tuesday's deal temporarily halts a $2.9 million payment that Banco Popular had sought from Trinidad.
Trinidad and his father had filed a complaint with the Financial Industry Regulatory Authority last week accusing former adviser Jose Ramos of making investments without their consent. Ramos has said that the accusations are false.
Trinidad, 41, is one of the most popular fighters of modern times, and one of the top box office draws of the pay-per-view era. In his last fight, he carried the box office load in a fight with Roy Jones Jr in January 2008, selling 500,000 pay-per-views.