This does not even approach as the most appalling act ever in the annals of the modern Olympics, as the cowardly terrorists whom murdered the Israeli athletes at the 1972 Munich games hold that pitiful disgrace. But this event was still one of the most appalling acts of sports injustice ever perpetuated. Roy Jones Jr. was definitely robbed of his gold medal by scheming South Korean officials who wined and dined with the same referees earlier- and upon being found out, were thus suspended from ever refereeing any other Olympic boxing match ever. Even Jones's South Korean opponent, Park Si-Hun, was appalled with the decision as his arm was raised (Park did not deserve it, but his graciousness was still Olympianesque, unlike the refs who disgraced themselves that evening). But Jones went on to win the award as the best boxer of the 1988 Seoul Olympics, and moreover would go on to a stellar career as the best pound for pound professional boxer for nearly a decade.
Perhaps another positive from this obvious sports travesty was the advent of a new Olympic scoring system which ought to prevent further shenanigans like this obvious example.