Floyd Mayweather Files $175 Million Lawsuit in New York Court

Retired boxing champion Floyd Mayweather has filed a $175 million lawsuit in New York, alleging he was the victim of a years-long financial scheme orchestrated by former associates. The legal action adds to a growing list of financial and legal challenges for the undefeated fighter.

The lawsuit, filed in Manhattan Supreme Court, names Jona Rechnitz, a former investment manager, and real estate adviser Ayal Frist as primary defendants, along with Frist’s firm, Frist Apex Ventures, and attorney Alexander Seligson. Mayweather claims the group systematically diverted funds through unauthorized wire transfers, fake investments, and questionable business deals.

Specific allegations include a $7.5 million wire transfer for a promised investment that never materialized and the unauthorized transfer of $15 million from a real estate settlement. The complaint also details the alleged pledging of roughly $100 million worth of Mayweather’s jewelry, including luxury watches and diamond necklaces, to Miami jewelers as collateral for only $13 million in loans. Text messages filed with the lawsuit show a jeweler threatening to liquidate the items over unpaid balances, with Rechnitz reportedly...