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ACF Press Release (5/19)
By Zach Arnold | May 19, 2006
VECC CONTINUES AS AMERICAN CHAMPIONSHIP FIGHTING CEO
DENVER, COLORADO – American Championship Fighting(sm) Chief Executive Officer Rico Vecc appeared before Denver District Court Friday, to face sentencing for conduct stemming from a previous real estate venture. Vecc assumed responsibility for one count of securities fraud he incurred while engaging in a joint venture with business partner Sean Zweifel more than a year ago. The District Court judge decided that, with full restitution, Vecc would receive a 4-year sentence with immediate eligibility for a work-release program.
“I made some mistakes that resulted in legal charges. I accept personal responsibility for this and now I have to deal with the consequences. ACF had nothing to do with this; it is a completely separate matter,†stated Vecc.
Vecc remains committed to ACF(sm) and will continue to support the company as its CEO. “I want to reassure MMA fans that this in no way affects the operations of the ACF. American Championship Fighting was built from the ground up as a team effort from day one. It is not all about Rico Vecc. There are a lot of great people at the ACF that will ensure that the company will continue to thrive.â€
The ACF(sm) is a completely separate entity from Vecc’s previous real estate venture that resulted in the current legal situation. Apart from his involvement with both companies, neither business has anything to do with the other.
ACF(sm) President Josh Sylva will continue to manage ACF(sm) operations especially as the company works to finalize details for its July 15 show to be held at a venue to be determined. The July card is already slated to feature a title bout between current ACF(sm) welterweight champion John Cronk and top contender Donnie Liles, the debut of Wes Sims in the Ocho(sm), lightweight contender Dennis Davis’ return against Omaha’s Justin James, highly regarded middleweight Chilo Gonzalez, and more.
“We know that this situation does not come across well with MMA fans,†remarked Sylva, “but there are a lot of people involved in this company that have worked long and hard towards making the ACF a success. That is not about to change, in fact, we are ready to redouble our efforts to take the ACF to the top of the MMA world.â€
ACF reserves the right to modify the fight card.
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