PENSACOLA, FLA., JULY 31 -- Authorities have jailed an Oklahoma boxing manager and are continuing to search for a Tennessee matchmaker who allegedly sent an impostor into the ring to fight Olympic silver medalist Roy Jones Jr.

Jones, 21, knocked out the bogus boxer here at 2:02 of the first round on July 14.

Elvis Belt, 56, of Oklahoma City, was arrested Friday in his hometown on charges of grand theft by fraud and remained jailed Monday awaiting extradition.

Gerome Peete, 28, of Memphis faces similar charges, but he was still at large, State Attorney Curtis Golden said.

Belt and Peete could face up to five years in prison on the fraud counts and may be charged with violating Florida's boxing laws, Golden said.

Jones, who had an 8-0 record going into the fight, was supposed to fight Texas junior middleweight champion Derwin Richards of Houston. Instead, Golden said, the boxer was Anthony Sean Waddles, 19, of Norman, Okla.

Impostor fights are not unusual, the prosecutor said, but he was unaware of similar prosecutions in Florida.

"It is our understanding that it has occurred quite frequently in other parts of the country, {but} not particularly with reference to the top-billed fighter," Golden said. "That is a general understanding in the profession."

Don Hazelton, executive director of the Florida State Athletic Commission, said his panel has been investigating allegations of impostor bouts for the past couple of months.

Peete already had been banned from the boxing business in Florida because of a bogus bout in Jacksonville prior to the Jones fight, Hazelton said.

The hoax was disclosed two days after the match when a commission employee discovered that prior bouts listed on an information sheet signed by the impostor did not match Richards's record. In addition, Richards said he knew nothing about the fight with Jones.

Peete, Belt and Waddles allegedly shared in the $2,000 purse.