Floyd Mayweather Says $175 Million Vanished By way of Jewellery Offers, Actual Property Transfers and a Personal Jet Sale

Floyd Mayweather Jr. has opened a brand new authorized combat over a fortune-sized cash dispute, submitting a lawsuit that accuses a former shut affiliate and a number of other different defendants of misappropriating at the very least $175 million tied to money, jewellery, actual property, plane and enterprise earnings.

The retired boxing champion filed the verified complaint in New York County Supreme Courtroom on Could 21. The defendants named within the grievance embody Jona Rechnitz, Ayal Frist, additionally recognized within the submitting as Ayel Frist, Frist Apex Ventures, LLC, legal professional Alexander Seligson and unnamed John Does.

The claims stay allegations. No court docket has dominated that the defendants are liable, and a supply near Rechnitz has disputed Mayweather’s accusations in media reporting.

Mayweather Claims a Trusted Adviser Took Management of Key Enterprise Offers

The grievance says Rechnitz first gained Mayweather’s confidence round 2017 and, by 2024, had grow to be a de facto funding supervisor, actual property adviser and banking liaison for Mayweather and a number of other enterprise entities related to him.

Mayweather’s facet alleges that place allowed Rechnitz and others to redirect cash into accounts and entities they managed. The submitting claims the diverted belongings included actual property fairness, settlement proceeds, contractual earnings streams, jewellery and aircraft-related proceeds.

The plaintiffs are searching for compensatory damages of not lower than $175 million, together with punitive damages, curiosity, a full accounting and a constructive belief over belongings allegedly traceable to Mayweather’s cash or property.

Jewellery, Miami Sellers and a Claimed $100 Million Valuation

One of many largest claims within the submitting includes Mayweather’s jewellery assortment. The grievance alleges that, in or round August 2025, jewellery with an asserted worth of roughly $100 million was positioned with two Miami sellers in alternate for about $13 million.

Mayweather’s facet claims that the quantity obtained was lower than 14 p.c of the asserted worth and {that a} substantial portion of the jewellery remained within the sellers’ possession. The grievance additionally alleges that Mayweather didn’t obtain a correct accounting and that the cash related to the jewellery was diverted relatively than paid to him.

The submitting describes an alleged iMessage alternate involving Mayweather, Rechnitz and the sellers. Based on the grievance, one supplier warned that merchandise might be liquidated if fee was not made, and Rechnitz allegedly responded in settlement with out authority from Mayweather to approve such a sale.

The Lawsuit Additionally Mentions a Gulfstream Jet and Actual Property Proceeds

The grievance additionally focuses on Mayweather’s plane. It alleges that in November 2025, Mayweather signed an FAA invoice of sale for a 1996 Gulfstream G-IV related to TBE Aviation, LLC, with the purchaser part left clean.

Mayweather’s submitting says he doesn’t know who acquired the plane and has not obtained an accounting of the proceeds. The grievance alleges that proceeds from the plane transaction had been utilized to a Bugatti-related obligation and in any other case diverted, with no portion paid to Mayweather or TBE Aviation.

Actual property transactions are one other main a part of the case. The grievance alleges that roughly $15 million in settlement proceeds related to claims involving SL Inexperienced Realty Corp. had been transferred to Frist Apex Ventures at Rechnitz’s course and with out Mayweather’s authorization.

The submitting additionally alleges {that a} January 2026 e mail directed 80 p.c of distributions from an higher Manhattan portfolio to Mayweather Promotions and 20 p.c to Frist Apex Ventures. Mayweather’s facet claims that association confirmed an ongoing diversion of portfolio distributions.

The Defendants and the Authorized Claims

The grievance brings claims together with fraud, breach of fiduciary obligation, aiding and abetting breach of fiduciary obligation, conversion, accounting, unjust enrichment and cash had and obtained. It additionally asks the court docket to impose a constructive belief on belongings related to Frist Apex Ventures.

Mayweather’s submitting identifies Frist because the managing member of Frist Apex Ventures and alleges that Frist Apex functioned as a depository for cash that ought to have gone to Mayweather or his corporations. Seligson is described within the grievance as a New York legal professional who allegedly held authority over sure disbursement accounts related to Mayweather enterprise entities.

TMZ reported {that a} supply near Rechnitz denied the allegations and mentioned Mayweather’s monetary points, tax levy points and lien issues predated Rechnitz’s skilled involvement with him. That response has not been examined in court docket, and the case remains to be on the allegation stage.

The Submitting Lands Throughout a Busy Authorized Stretch for Mayweather

The $175 million lawsuit arrived throughout per week when Mayweather was additionally reported to be dealing with a separate youngster assist order in Nevada. TMZ reported {that a} choose declared Mayweather the daddy of a 4-year-old lady and ordered him to pay $32,850 monthly in assist, plus $933,050 in again assist.

The separate youngster assist matter just isn’t a part of the New York fraud lawsuit. It does, nevertheless, add to a wider authorized stretch for the 49-year-old former champion, who retired from skilled boxing with a 50-0 file and has continued to seem in exhibition boxing occasions.

Mayweather has additionally pursued different main litigation in latest months, together with a separate lawsuit towards Showtime Networks and former Showtime Sports activities president Stephen Espinoza. The brand new New York case now places one other nine-figure authorized dispute round one in every of boxing’s most well-known names, with the following step relying on how the defendants reply in court docket.