Floyd Mayweather Files Lawsuit Claims He Was Scammed Out Of $175 Million From Business Associate

Floyd Mayweather says he got cleaned out to the tune of $175M claiming a former close associate ran a years-long scheme that allegedly drained his bank accounts, hijacked real estate deals, pawned off his jewelry and even made his private jet disappear. Floyd claims Jona Rechnitz spent years gaining his trust before allegedly becoming the boxer's de facto money manager, real estate guy and banking middleman. Floyd accuses Rechnitz along with Ayal Frist, Frist Apex Ventures and attorney Alexander Seligson of orchestrating a massive fraud operation that allegedly rerouted millions of dollars through fake investments, unauthorized wire transfers and shady business entities. Floyd says roughly $100M worth of bling was handed over to Miami jewelers for only about $13M in return and says a huge chunk of the collection is still sitting with the dealers. The lawsuit even includes an alleged text exchange where a jeweler threatened to start liquidating Floyd's pieces if payments weren't made and Rechnitz allegedly replied, "Agreed thx." Mayweather also says he wired $7.5M into what he thought was an investment deal but claims the investment never happened and the money disappeared. Beyond that, he alleges another $15M tied to a realty settlement was transferred out without his permission he says he unknowingly signed paperwork transferring ownership of his Gulfstream jet with the buyer section left blank and says he still doesn’t know where the aircraft money went. Mayweather is suing for at least $175M, punitive damages and a full accounting of where all the money allegedly disappeared.

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