Boxing promoter Ross Fields, also known as Harold J. Smith, appealed in Los Angeles yesterday for "a second chance," saying he feared for his life and planned to go to prosecutors with a "bombshell."
But Fileds, one of several defendants in a $46.3 million civil suit filed by Wells Fargo Bank, said he was withholding the revelation he had intimated might be forthcoming at yesterday's news conference, his first since a bank-boxing scandal broke in January.
In the interim, Fields dropped from sight until being arrested on charges of falsifying a federal passport application and unlawful flight to avoid prosecution. He was released on bail Thursday after the remaining $200,000 of his $335,000 bond was posted, and was scheduled for arraignment before a U.S. magistrate Monday, according to U.S. Attorney Dean Allison.
Fields said he spent between $8 million and $10 million of the $21.3 million the bank contends was embezzled on his boxing shows.
But he said, "There is no doubt in my mind that approximately $60 million is missing from Wells Fargo Bank."
He added: "I want to pay Wells Fargo back, I want to do business, I want a second chance."
"I'm convinced there's a special force of bank people out to get me," said Fields, saying he and his family fled from a Sacramento hotel room in January after a group of men banged on their door, chased them across a parking lot and fired a shot at them.
"I feel at this point that the bombshell I wanted to drop about this today I will reserve for the FBI and the district attorney," he added.