IBF Scandal
Everybody knows that boxing has too many belts and champions. That’s because there are four major sanctioning bodies as well as an infinite number of smaller ones. The IBF is one of the respected but it had a major scandal at the turn of the millennium. This long-term scandal saw IBF President Robert Lee receive a jail sentence and a massive fine.

In sum, boxing promoters including the legendary Bob Arum admitted that they paid bribes to the IBF. It almost destroyed the organization but somehow they survived. The famous red belt with the golden eagle remains a prestigious title today. But it was one of the most notorious sporting incidents of the ’90s (via ABC News).