Connect with us

Hi, what are you looking for?

Viral Shorts News
Floyd Mayweather Jr. and Tyga Named in M RICO Lawsuit
Floyd Mayweather Jr. and Tyga Named in M RICO Lawsuit

Entertainment

Floyd Mayweather Jr. and Tyga Named in $4M RICO Lawsuit


Mark Brown/Getty Images

A Miami jeweler claims Floyd Mayweather Jr. and rapper Tyga owe him nearly $4 million for luxury watches and diamond jewelry.

Floyd and Tyga are both named in a RICO lawsuit that alleges they committed grand theft of Rolexes and diamond jewelry.

Leonard Sulaymanov is suing Floyd and his company, the Money Team (TMT) for violations of the Racketeering Influenced and Corrupt Organization (RICO) Act. He also accused Floyd of fraud, civil conspiracy, breach of contract, unjust enrichment, and civil theft.

The lawsuit was filed in Miami federal court on August 23. The complaint also names Tyga (real name Michael Ray Stevenson) for allegedly failing to pay for a Rolex watch.

“This action arises out of a pattern of predatory, unfair, improper, fraudulent, and unscrupulous practices through which defendants used the plaintiff’s reputation, business, and inventory to systematically steal and convert the plaintiff’s watches and jewelry to their own without paying the full and fair price,” the lawsuit read.

Photo may have been deleted
Screengrab

Sulaymanov said a meeting was arranged by Floyd’s agent to view the jewelry in Miami. Floyd allegedly asked Sulaymanov to turn over his cell phone during the transaction. But Sulaymanov sneaked another phone in and secretly recorded the transaction.

Sulaymanov, who owns Lenzo & Co., claims he sold Floyd a yellow-gold Audemars Piguet watch, 2 Richard Mille watches, a Patek Philippe watch, a rose gold Rolex Presidential watch, a diamond ring, and a diamond chain.

MediaPunch / BACKGRID

Sulaymanov said Floyd paid $267,000 in 2 separate down payments on the nearly $4 million total. He promised the rest of the money within weeks. But he never paid.

Two weeks later, Sulaymanov claims he traveled to Las Vegas to meet with Mayweather and Tyga. He claims he brought 10 Rolex Presidential Anniversary watches, a Rolex Day-Date 40, and a Richard Mille watch as requested by Floyd.

Julien M. Hekimian/Getty Images

At the meeting, Tyga (right) allegedly agreed to purchase the Rolex Day-Date for $79,000 cash. Floyd made more purchases but failed to pay for the previous purchases, the lawsuit stated.

Floyd showed off some of the jewelry in posts on social media and at red carpet events.

Advertisement. Scroll to continue reading.
MediaPunch / BACKGRID

“Mayweather was wearing the diamond necklace and diamond ring in his TMT van departing Miami,” the lawsuit read. “And more recently, Mayweather posted a photograph wearing the necklace with his agent.”

“Defendants have never paid the remaining balance on the purchases made and are indebted to the plaintiffs for over $3,883,657.00,” the lawsuit states.

Floyd retired from professional boxing in 2017. But he continues to fight “exhibition matches” to finance his extravagant lifestyle.

Loading

You May Also Like

Diddy

Singer Niykee Heaton Accuses Diddy And Kanye West Of Sexual Assault! “I Sat There For Like 20, 25 Minutes Just Like Crying” BREAKING: Check...

Entertainment

Rapper Yungeen Ace released a new diss track titled ‘Game Over’ targeting fellow artist Julio Foolio, sparking a significant online discussion. The song, posted...

Entertainment

Mike Carlson/Getty Images Kansas City Chiefs wide receiver Rashee Rice admitted his involvement in a 6-vehicle accident in Dallas, Texas. Police linked Rice to...

Entertainment

Getty Images Chance The Rapper is back on the market after his estranged wife Kirsten Coley filed for divorce again. Kirsten announced their decision...

Entertainment

Shotgetter / BACKGRID Pop singer Lizzo stunned her fans when she declared “I QUIT” in an Instagram post on Friday. On Tuesday, Lizzo clarified...

Entertainment

Screengrab A manager for Randy Moss’s Crisppi’s chicken restaurant says sales are poor because the restaurant is Black-owned. The NFL Hall of Famer opened...

Entertainment

McDonald’s Cardi B is being dragged on social media for saying American fast food is unhealthy. “I really feel like this country keeps you...

Advertisement
Download our Viral Rap Shorts App!