Monte Cox entered a guilty plea in federal court this week. | Photo: Matthew Kaplowitz/Sherdog.com
Veteran MMA manager and promoter Monte Cox is facing time in federal prison after this week pleading guilty to filing a false tax return, the Quad-City Times reports.
Cox admitted to under-reporting his income over a four-year period during a Monday hearing at U.S. District Court in Davenport, Iowa.
According to the report, prosecutors said the Bettendorf-based businessman received a “significant” number of checks from his MMA-related ventures between 2007 and 2010, the amount of which “significantly exceeded” Cox’s reported income for those years. In all, Cox under-reported his earnings by $1.1 million, amounting to $370,000 in tax loss for the government.
Cox is scheduled to be sentenced on Feb. 24. He faces up to three years in federal prison, as well as a maximum fine of $100,000.
Cox, 55, has been involved with mixed martial arts since 1995 and formerly served as manager to UFC champions like Matt Hughes, Rich Franklin and Tim Sylvia. His promotion, Extreme Challenge, has been a staple of the Midwestern fight scene since that time and has staged more than 200 events in Iowa and surrounding states.