George Foreman vs. Axel Schulz George Foreman vs. Axel Schulz George Foreman vs. Axel Schulz, billed as "Celebration", was a professional boxing match contested on April 22, 1995 for Foreman's IBF and lineal heavyweight championships, as well as the vacant WBU heavyweight championship. In his previous fight, 45-year-old George Foreman made history by becoming the oldest heavyweight champion in boxing history after scoring an upset knockout victory over Michael Moorer on November 5, 1994. In early 1995, Foreman began negotiations to make the first defense of his newly won WBA and IBF titles against German mid-level prospect Axel Schulz. However, Schulz was unranked by both
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