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Former Owner of Premier Fighter Indicted

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grappler0000

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Forbes is reporting that the gentleman with ties to the MMA apparel line Premier Fighter has been indicted on multiple charges related to fraud, money laundering and other criminal activity:

A federal grand jury has indicted a 37-year-old Nebraska man, alleging he operated a Ponzi scheme that caused investors to lose about $4 million from 2006 to 2008. Matthew Anselmo of Bellevue is accused of misappropriating investment and loan funds from 13 people to pay off previous investors and business debts, underwrite his gambling and buy a residence and vehicles.

The 27-count indictment, announced Friday, also charges Anselmo with mail fraud, money laundering and possessing counterfeit checks with the intent to deceive other people. Anselmo was owner, operator and manager of M&M Marketing and Premier Fighter. Premier Fighter sold mixed martial arts-related apparel.

There had been talk in MMA circles about Premier Fighter allegedly not paying fighters after the fighters wore Premier Fighter during their bouts during Anselmo’s ownership, with many threads on the UG detailing this. Premier Fighter had been distributed by Hitman Fight Gear (and therefore by TapouT) before Hitman parted ways with Premier during the Fall of last year. This indictment sounds like the other show dropping in relation to these earlier troubling reports.

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Post #1   5/24/09 8:25:01AM   

Jackelope

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This business definitely deserves to go under. They've screwed a lot of fighters

Post #2   5/24/09 9:11:00AM