Boxing: $4 Million Worth of Cocaine Found at Home Owned by Pro Boxer

Federal agents in Puerto Rico have seized more than $4 million worth cocaine from a house owned by pro boxer Ivan Calderon.

Drug Enforcement Administration spokeswoman Laila Rico says 225 kilograms (nearly 500 pounds) of cocaine were found when agents raided the house in the coastal town of Humacao.

Calderon issued a statement Wednesday to WAPA-TV in Puerto Rico denying any knowledge of the drugs. The boxer says the house was one of a number of investment properties he owns and he was not aware of any illegal activities there.

The house was raided earlier this week following the arrest of an alleged Puerto Rican trafficker who has been charged in Miami with smuggling cocaine into the U.S. through the Dominican Republic.