Fernando Vargas manager arrested

By
Edgar Gonzalez
-
5
Player Props.

Fernando Varga’s manager, Joseph Louis Pecora, 54, was arrested Monday by Ventura County Sheriff’s Department on suspicion of grand theft by embezzlement and forgery, jail records show. He remained in custody Wednesday in lieu of $15,000 bail.

Pecora had access to Fernando Vargas’ bank accounts while working for him. Vargas’ attorney, Greg Ramirez, said Pecora worked with Vargas as a business manager from the late 1990s until the Oxnard native discovered about two years ago that he had no money in one of his bank accounts.

Pecora is being accused of pocketing more than $400,000 if not millions of dollars and forging Vargas’ name on checks. Is suspected that he used the money to buy condominiums in Miami.

“He thought he had millions of dollars in the bank, and now he might have to start training to get back in the ring again,” Ramirez said of Vargas. “He’s got to support his family.”

The 59-page civil complaint includes claims of fraud, breach of oral contract and professional negligence. It names Pecora; his accountant, Martin Marietta; Veronica Bustamante, an employee of Marietta’s; and businesses including CBIZ Tax, Accounting and Advisory Services and affiliates. Pecora’s daughter, Christina Pecora, is also named as a defendant, but she is not included among those accused of fraud.

Mark Krum, an attorney for CBIZ and Marietta, said in a statement that the allegations against his clients were “groundless.” “The claims made against them by the Vargas parties are without merit,” Krum said.

Christina Pecora’s attorney, Glenn Campbell, said his client did “absolutely nothing wrong.” Campbell said someone forged his client’s signature on documents, and he expects the suit against her to be dismissed.

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5 COMMENTS

  1. I happen to know veronica and know for fact she paid her bills with his money. The case was dismissed. Its wrong she used thousands of his money oddly enough when this came to light she stopped paying her mortgage.

  2. Once upon a time, a trusted financial assistant of Manny Pacquiao also did some monkey business with Manny’s account, that is, she (that’s right, she) withdrew a lot of dollars from one of Manny’s account. It was discovered and the bank had to reimburse Pacquiao for the money he lost.

  3. Vargas was a great champion. I hope he straightens out his problems. But please, no talks of a comeback…

  4. Yeah good luck to vargas! But in a not of good news mexico won against france !!!!! Whoooooo

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