; ▁former ▁IB F ▁executive ▁and ▁Virginia ▁box ing ▁commission er ▁Donald ▁William ▁B ren nan , ▁ 8 6 ; ▁and ▁South ▁American ▁IB F ▁representative ▁Francisco ▁Fern ande z ." ▁Lee ▁was ▁subsequently ▁conv icted ▁of ▁money - la und ering ▁and ▁tax ▁ev asion ▁in ▁August ▁ 2 0 0 0 , ▁then ▁sent enced , ▁in ▁ 2 0 0 1 , ▁to ▁ 2 2 ▁months ▁in ▁prison ▁and ▁f ined ▁$ 2 5 , 0 0 0 . ▁ ▁In ▁ 2 0 0 0 , ▁cit ing ▁ext ort ion ; ▁box ing ▁prom oter ▁Bob ▁Ar um ▁volunt arily ▁test ified ▁to ▁having ▁paid ▁IB F ▁president ▁Bobby ▁Lee ▁$ 1 0 0 , 0 0 0 ▁in ▁two ▁install ments ▁in ▁ 1 9 9 5 , ▁as ▁the ▁first ▁half ▁of ▁a ▁$ 2 0 0 , 0 0 0 ▁b ri be , ▁through ▁" middle man , ▁Stanley ▁Hoff man ," ▁adding ▁that ▁Lee ▁had ▁first ▁demanded ▁$ 5 0 0 , 0 0 0 ▁to ▁appro ve ▁the ▁Schul z - For eman ▁fight , ▁but ▁had ▁settled ▁for ▁the ▁less er ▁amount ▁of ▁$ 2 0 0 , 0 0 0 ▁( half ▁of ▁which ▁was ▁never ▁paid ). ▁Ar um ▁was ▁san ction ed ▁and ▁f ined ▁$ 1 2 5 , 0 0 0 ▁by ▁the ▁Nev ada ▁State ▁Athlet ic ▁Commission . ▁Box ing ▁prom ot ers ▁C ed ric ▁K ush ner ▁and ▁D ino