By Elisinio Castillo

At age 44 and nine years since his last bout, boxing legend Felix 'Tito' Trinidad faces the biggest fight of his life. The boxer has been in litigation for three years against Banco Popular de Puerto Rico, where he aims to secure the cancellation of a debt for fraud of more than 2.9 million dollars plus compensation for damages. The case is finally getting near the end.

In an interview with the radio program El Goldo y Pelua of Puerto Rican Mega Station, Trinidad talked about his economic situation at the present.

"I have lost almost all my money," Trinidad was quoted as saying by Albert Perez. "In the event I lose the case, I can remain, as has been said in the press, in total bankruptcy."

In his 18-year career in the professional ranks of boxing, 'Tito' won world titles in three different weight divisions and generated more than $90 million in earnings.

He accuses his former financial advisor and friend, Jose 'Pepe' Ramos, of defrauding him and his father, Felix Trinidad Sr., by way of a "fraudulent scheme that he was doing with all the banks."

If the worst happens, and Trinidad loses his legal battle, the Hall of Famer has already ruled out the possibility of returning to the ring out of necessity.

"It's frustrating because already at my age ... my reflexes and my skills are no longer the same to go back to boxing," he confessed.

The boxer and his father lost some $63 million through investments linked to Puerto Rico government bonds, according to legal documents filed in 2014 in San Juan Superior Court.

Trinidad and his father are seeking an injunction to halt San Juan-based Popular Securities, a brokerage arm of Puerto Rico's biggest bank, Banco Popular, from collecting a $2.9 million debt.

The injunction request included a complaint filed with the Financial Industry Regulatory Authority, in which the Trinidads accused their financial adviser Ramos of making risky investments without their consent or knowledge and allegedly misled them about the level of risk in other investments.
 
"The accusations by the Trinidad family are false and the truth will come out when this case is aired in the pertinent forum," Ramos said in a written statement.

Nearly all of Trinidad's net worth was invested in Puerto Rico government bond funds, according to the documents. Ramos has been the boxer's financial adviser for years while working at many of the largest brokerages in Puerto Rico.