Joe Frazier vs. George Foreman and again won by technical knockout, this time in the fifth round. A year later, Foreman lost to Jimmy Young in San Juan, Puerto Rico in a fight to determine the No. 1 contender, and it was after this fight that Foreman had his near-death experience and conversion. He subsequently retired and became a preacher but made a comeback after a decade away from the ring, eventually defeating Michael Moorer to become the oldest heavyweight champion of all time in 1994 at almost 46 years old. Rest Joe Frazier vs. George Foreman Joe Frazier vs. George Foreman, billed as "The
International Boxing Federation former heavyweight champion Michael Moorer; IBF's reputation was ruined 1999 with founder Lee's indictment for racketeering and other violations for taking bribes in exchange for high boxer rankings. Indicted on federal racketeering and racketeering conspiracy charges were "president, Robert W. Lee, 65; his son and IBF liaison, Robert Lee Jr., 38; former IBF executive and Virginia boxing commissioner Donald William Brennan, 86; and South American IBF representative Francisco Fernandez." Lee was subsequently convicted of money-laundering and tax evasion in August 2000, then sentenced, in 2001, to 22 months in prison and fined $25,000. In 2000, citing extortion; boxing promoter Bob