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Former Vargas manager arrested

The former business manager of Fernando Vargas has been arrested on suspicion of stealing the former world champion’s fortune. According to the Ventura County Star, Joseph Louis Pecora was arrested Monday on charges of grand theft by embezzlement and forgery after a long investigation. Vargas’ attorney Greg Ramirez told the Star that Pecora allegedly pocketed about $400,000 and lost millions by mismanaging Vargas’ financial affairs. Ramirez also said the Vargas family had to move out of their home as a result and Vargas might have to start training to get back in the ring.

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