"Not guilty," King proclaimed loudly at a Thursday arraignment. Bail was set at $250,000. King signed a personal recognizance bond.
"I'm completely innocent," King said of his most recent encounter with the federal government in a career marked by investigations and litigation. King was indicted July 14 on nine counts of wire fraud. He is accused of filing false documents with Lloyd's of London in order to collect $350,000 worth of training expenses after a fight between Julio Cesar Chavez, the World Boxing Council super lightweight champion, and Harold Brazier was canceled in June 1991. Chavez was cut on the nose eight days before the match
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