Boxer Floyd Mayweather sued attorney and money manager Jona Rechnitz, CEO of Florida-based Apex Ventures, Ayal Frist, and New York attorney Alexander Seligson with a massive $175 million lawsuit.
The boxer claims that Rechnitz had run a years-long campaign to earn his trust, using it to become his right-hand man, before rerouting his employer’s wealth in an elaborate scam.
Floyd Mayweather says former business associate Jona Rechnitz allegedly cleaned him out
Mayweather claims that Rechnitz scammed him out of his money in a startling variety of ways. He mentions that his once-trusted manager had sold his aircraft after allegedly making him sign dubious papers and later using the proceeds for his personal purposes.
The champ also alluded to the fact that $100 million worth of his legendary jewelry collection was pawned off for a measly $13 million cash advance. It doesn’t stop here. Mayweather alleged that Rechnitz skimmed massive chunks off his property deals, including investment-led scams, where he pocketed millions.
Attorney for the defendant, Morris Missry, tells TMZ, “We have thoroughly reviewed Mr. Mayweather’s lawsuit. His claims against our clients are utterly baseless and refuted by substantial documentary evidence, including Mr. Mayweather’s own correspondence.”
“Our clients intend to vigorously defend against these claims and are confident that once all of the facts are presented in court, not only will our clients be vindicated, Mr Mayweather’s gambling issues, prolific spending habits, monies owed to third party creditors and IRS tax liens and levys, as well as other unseemly behavior will be exposed and we believe that Mr. Mayweather will be the one paying significant damages to our clients.”
It is interesting to note that the case was filed the same week that Mayweather was slapped with a separate $1 million judgment for back child support, a multimillion-dollar IRS lien, and ongoing lawsuits about unpaid luxury lifestyle bills.
The defendants are using Mayweather’s questionable financial past as a “character certificate” and also threatening to drag his private financial habits into the spotlight.
WHICH PART OF THE LAWSUIT SURPRISED YOU THE MOST?
