Keely Thompson and Spouse Indicted on Federal Charges!

Trainer and former Beltway Boxer Keely Thompson along with his wife, Bianca, have been indicted on 31 federal counts alleging that they used private and District of Columbia funds earmarked for the Keely's District Boxing and Youth Center in DC for their own personal use.  Bianca Thompson served as the center's deputy director.

According to the indictment, Keely's District Boxing and Youth Center was a non-profit organization with locations in Northwest and Northeast Washington. The operations were funded with grant money. The organization received more than $1.5 million in government and private funding between 2004 and 2010. The money was to be used to provide youth development and physical fitness programs to at-risk children living in the District of Columbia.

According to WUSA-TV, however, officials say the following:

 "Instead, the Thompsons allegedly used much of it for personal goods, entertainment and services, including over $100,000 for gambling at Bally's Casino in Atlantic City, and on board a Norwegian Cruise Line, as well as on vehicle leases on a BMW 525i and Lincoln Navigator, furniture for their home, and various other personal items.  According to court documents, the Thompsons also issued themselves over $100,000 in handwritten checks from the charitable company's bank account with no accounting records or receipts. They also are accused of spending over $135,000 on a 2009 fundraiser at a District hotel that raised approximately $23,000 for the charitable company."

The Washington Post reports that after Thompson was arrested by FBI agents in November 2010 on a charge of wire fraud, Thompson showed interest in negotiating a plea deal but then changed his mind which led to the indictment.