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Former boxer pleads guilty to wire fraud

Wednesday - 6/26/2013, 6:50pm  ET

Associated Press

WASHINGTON (AP) -- A former professional boxer has pleaded guilty to wire fraud for spending $205,000 in grant money from the District of Columbia government and private entities on personal expenses, including gambling binges in Atlantic City.

Forty-seven-year-old Keely Thompson entered the plea in U.S. District Court Wednesday afternoon. He faces more than two years in prison, although his sentence could be reduced if he provides substantial assistance to federal authorities. Thompson said in court that he was cooperating, but neither he nor his attorney would discuss the details of his cooperation.

Thompson ran a nonprofit that provided at-risk children with physical fitness programs. The center got more than $1.5 million in city government and private grant funds between 2004 and 2010.

Prosecutors have agreed to drop similar charges against Thompson's wife.

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