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3: He put up the NWA belt as collateral on two different loans
Ric Flair and the owner of Highspots, a wrestling merchandising company, had tried to enter into a deal for DVD projects and promotional appearances which eventually fell through. During the process, Flair and Bochicchino would become good friends which eventually led to Flair asking to borrow small amounts of money from Bochicchino on a few occasions.
Flair eventually put up his NWA championship belt as collateral for a loan but then the deal between him and Bochicchino fell through. Still owed about $35,000 by Flair, Bochicchino tried to put up the belt for sale when he realized that Flair had already used the belt as collateral for another loan from a plumbing company called Conbraco.
Teddy Long snaps when Swerve Strickland's race is brought up HERE
