{"id":686988,"date":"2026-05-22T19:33:32","date_gmt":"2026-05-22T19:33:32","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/686988\/"},"modified":"2026-05-22T19:33:32","modified_gmt":"2026-05-22T19:33:32","slug":"floyd-mayweather-files-lawsuit-saying-he-was-scammed-out-of-175-million","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/686988\/","title":{"rendered":"Floyd Mayweather Files Lawsuit Saying He Was Scammed Out of $175 Million"},"content":{"rendered":"<p>                          Floyd Mayweather<br \/>\n                          Sues Over Alleged $175M Fraud &#8230;<br \/>\n                          Claims Missing Jewelry, Jet, and Money<\/p>\n<p>\n                                                                        Published<br \/>\n                              May 22, 2026<br \/>\n                            10:05 AM PDT\n                                                                            <\/p>\n<p>                  <a class=\"js-click-image js-track-link image-lightbox-preview\" data-node-ref=\"tmz:image-asset:image_jpg_20260522_2aace8de535049fa91cbcc7fd4addbec\" data-container-ref=\"tmz:article:e6852a7b-bc52-4c3a-88ce-62de2a4804fb\" data-context=\"{&quot;section&quot;:&quot;permalink&quot;,&quot;name&quot;:&quot;image&quot;}\"><\/p>\n<p>                          <img fetchpriority=\"high\" decoding=\"async\" loading=\"eager\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/05\/2aace8de535049fa91cbcc7fd4addbec_md.jpg\" alt=\"main Floyd Mayweather getty\" width=\"728\" height=\"546\" class=\"img-fluid image-block__img-fluid img-aspect-auto\"\/><\/p>\n<p>                  <\/a><\/p>\n<p><a href=\"https:\/\/www.tmz.com\/people\/floyd-mayweather\/\" rel=\"noreferrer nofollow noopener\" target=\"_blank\">Floyd Mayweather<\/a> says he got cleaned out to the tune of $175M &#8230; 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.<\/p>\n<p>According to a bombshell lawsuit, obtained by <a href=\"https:\/\/www.tmz.com\/sports\" rel=\"noreferrer nofollow noopener\" target=\"_blank\">TMZ Sports<\/a>, Floyd claims Jona Rechnitz spent years gaining his trust &#8230; before allegedly becoming the boxer&#8217;s de facto money manager, real estate guy and banking middleman.<\/p>\n<p>                  <a class=\"js-click-image js-track-link image-lightbox-preview\" data-node-ref=\"tmz:image-asset:image_jpg_20250918_60d5c0a5a4554dda8710f95ed5939c57\" data-container-ref=\"tmz:article:e6852a7b-bc52-4c3a-88ce-62de2a4804fb\" data-context=\"{&quot;section&quot;:&quot;permalink&quot;,&quot;name&quot;:&quot;image&quot;}\"><\/p>\n<p>                          <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/05\/60d5c0a5a4554dda8710f95ed5939c57_md.jpg\" alt=\"Floyd Mayweather boxing getty\" width=\"728\" height=\"546\" class=\"img-fluid image-block__img-fluid img-aspect-auto\"\/><\/p>\n<p>                  <\/a><\/p>\n<p>Now, Mayweather says it was all one giant setup.<\/p>\n<p><a id=\"continued\" class=\"continued-anchor\"\/><\/p>\n<p>In the suit, Floyd accuses Rechnitz &#8212; along with Ayal Frist, Frist Apex Ventures and attorney Alexander Seligson &#8212; of orchestrating a massive fraud operation that allegedly rerouted millions of dollars through fake investments, unauthorized wire transfers and shady business entities.<\/p>\n<p>                  <a class=\"js-click-image js-track-link image-lightbox-preview\" data-node-ref=\"tmz:image-asset:image_jpg_20260106_7e7be98136b54e779e1ed15c577ddadd\" data-container-ref=\"tmz:article:e6852a7b-bc52-4c3a-88ce-62de2a4804fb\" data-context=\"{&quot;section&quot;:&quot;permalink&quot;,&quot;name&quot;:&quot;image&quot;}\"><\/p>\n<p>                          <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/01\/7e7be98136b54e779e1ed15c577ddadd_md.jpg\" alt=\"floyd mayweather sub getty swipe 1\" width=\"728\" height=\"546\" class=\"img-fluid image-block__img-fluid img-aspect-auto\"\/><\/p>\n<p>                  <\/a><\/p>\n<p>Among the jaw-dropping claims &#8230; Floyd says roughly $100M worth of bling was handed over to Miami jewelers for only about $13M in return &#8230; and says a huge chunk of the collection is still sitting with the dealers.<\/p>\n<p>The lawsuit even includes an alleged text exchange where a jeweler threatened to start liquidating Floyd&#8217;s pieces if payments weren&#8217;t made &#8230; and Rechnitz allegedly replied, &#8220;Agreed thx.&#8221;<\/p>\n<p>                  <a class=\"js-click-image js-track-link image-lightbox-preview\" data-node-ref=\"tmz:image-asset:image_jpg_20260306_3c3b03f8a99946108871bd1936a88803\" data-container-ref=\"tmz:article:e6852a7b-bc52-4c3a-88ce-62de2a4804fb\" data-context=\"{&quot;section&quot;:&quot;permalink&quot;,&quot;name&quot;:&quot;image&quot;}\"><\/p>\n<p>                          <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/05\/3c3b03f8a99946108871bd1936a88803_md.jpg\" alt=\"logan paul floyd mayweather getty\" width=\"728\" height=\"546\" class=\"img-fluid image-block__img-fluid img-aspect-auto\"\/><\/p>\n<p>                  <\/a><\/p>\n<p>Mayweather also says he wired $7.5M into what he thought was an investment deal &#8230; 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.<\/p>\n<p>And it doesn\u2019t stop there &#8230; he says he unknowingly signed paperwork transferring ownership of his Gulfstream jet with the buyer section left blank &#8230; and says he still doesn\u2019t know where the aircraft money went.<\/p>\n<p>Floyd further accuses Frist of falsely presenting himself as a top executive of Vada Properties despite allegedly never holding those positions.<\/p>\n<p>Mayweather is suing for at least $175M, punitive damages and a full accounting of where all the money allegedly disappeared.<\/p>\n","protected":false},"excerpt":{"rendered":"Floyd Mayweather Sues Over Alleged $175M Fraud &#8230; Claims Missing Jewelry, Jet, and Money Published May 22, 2026&hellip;\n","protected":false},"author":2,"featured_media":686989,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[447],"tags":[703,49,48,44,82,865,866],"class_list":["post-686988","post","type-post","status-publish","format-standard","has-post-thumbnail","category-boxing","tag-boxing","tag-ca","tag-canada","tag-news","tag-sports","tag-sports-news","tag-tmz-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/686988","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=686988"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/686988\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/686989"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=686988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=686988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=686988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}