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Peterson and his brother Lamont Peterson are regularly featured on ESPN boxing telecasts, and their story has been frequently discussed on the show. The Petersons were left without parents at an early age, with their father in prison and their mother suffering personal issues. The brothers were reportedly homeless on the streets of Washington, DC for several years . While homeless, they were noticed by Barry Hunter, a boxing coach. Over time Hunter developed their boxing skills while mentoring them, and both brothers morphed into amateur boxing stars.
Peterson had an outstanding amateur career, and was the 2003 National Golden Gloves Lightweight Champion. In 2004 he lost twice to Vicente Escobedo at 132lbs which cost him his place in Athens.He and brother Lamont also won the Junior Olympic National Tournament in the amateurs.
Peterson turned pro in 2004 and has won all 25 of his professional fights, including 18 by way of KO. Peterson and his brother Lamont have become virtual house fighters on ESPN's fight cards, and thus their careers have been propelled into the spotlight. Although most of his wins have come against limited opposition, he may currently be positioning himself for a shot at a major contender. Peterson is said to have had his hardest fights against a pair of Virginia brothers named Ordano and Orazio Robinson.
On June 26, 2008, Peterson defeated Fernando Trejo by uanimous decision. Peterson was in command for the entire fight as he logged scores of 120-108, 120-108, and 119-109 from the judges in winning the NABF interim lightweight title.