Floyd Mayweather’s financial situation is back in the spotlight after the boxing legend filed a $175 million fraud lawsuit against former colleagues while continuing to pursue multiple comeback fights.

How first reported by TMZMayweather filed a lawsuit in Fresh York accusing former associate Jona Rechnitz, investment firm Frist Apex Ventures, Ayal Frist and lawyer Alexander Seligson of orchestrating what Floyd describes as a multi-year scheme involving unauthorized transfers, fraudulent investments and missing luxury assets.

Mayweather’s legal team alleges that millions of dollars were diverted through business entities linked to Rechnitz and Frist, including real estate proceeds, jewelry transactions and the refinancing of several properties.

Among the most eye-catching claims are allegations that Mayweather’s jewelry worth about $100 million was transferred to jewelers for only about $13 million, while Floyd also claims that money tied to the sale of his Gulfstream jet disappeared without explanation.

The lawsuit also alleges that Mayweather contributed $7.5 million to an investment that never materialized and millions more were transferred without his consent.

Mayweather’s attorney, Leo Jacobs, stated: “The conduct alleged in this letter – including the diversion of settlement proceeds, refinancing of proceeds, and repeated distributions of properties to accounts controlled by Jona Rechnitz through Frist Apex Ventures – requires full forensic accounting.

“We look forward to obtaining this settlement and recovering every dollar to which our client is entitled.”

Floyd Mayweather lawsuit

The lawsuit was filed shortly after Mayweather publicly attacked Rechnitz on social media.

“Liar, thief, rat and snake,” Floyd wrote.

“Jona Rechnitz is the worst person to ever walk this planet.”

The accusations added another chapter to a confused twelve months for Mayweather.

Mayweather’s past year has been a mix of financial rumors and comeback plans that stalled as his previously quieter life flared up again even as he neared 50.

Several fights have fizzled out, been delayed or simply didn’t happen as Mayweather now has an incredible three fights in the next four months.

Is this a sign of potential financial problems?

This was a question many people were asking before Mayweather began filing lawsuits, which apparently fueled speculation about his finances.

The fight for Mayweather’s return

But it’s not like Mayweather spent all his money. As previously reported, the five-division champion claims he was defrauded by a combination of his former television network Showtime and Stephen Espinoza and former partners and business associates.

Mayweather tries not to portray this as his fault, but it’s becoming increasingly hard for some to accept that Floyd ultimately chose the people he worked with and surrounded himself with.

How it will all play out is anyone’s guess, and whether the fights against Mike Zambidis, Mike Tyson and Manny Pacquiao will take place in that order is still uncertain.

Despite the mounting legal drama, Mayweather continues to post a mix of training materials and legal updates on social media less than a month before he is scheduled to fight Zambidis in Greece.

The event remains ongoing for now as Floyd prepares for another comeback and legal pressure continues to mount around him.

About the Author

Phil Jay is the editor-in-chief of World Boxing News (WBN) and a boxing veteran with over 15 years of experience. Read the full biography.

The fight returned Ruiz to the ring for the first time in about two years, since he scored a 12-round draw against Jarrell Miller in August 2024. Hughie, 31, has won eight straight fights since losing to Alexander Povetkin in 2019, but the opposition has been confined and he has stayed away from the field of contenders.

“Well, I could start. You messaged me on Instagram and said, ‘Hey, I think it would be a good fight if we fought, right?’

“And I said, ‘Yes, let’s do it. Send me the contract.’

“Let me know who your promoter, manager, whoever it was because I’m a free agent. But yes, we agreed. Things are taking longer than usual because of negotiations about where it will be, who will host it and what promoter will get it.”

“But we are here,” Andy Ruiz Jr. said. for Boxing King Media.

Ruiz’s career never really took off after two huge payouts against Anthony Joshua in 2019. Many fans understood why his activity declined after he reportedly made life-changing money from these fights, but the strategy backfired.

Instead of constantly rebuilding his business through activity, Ruiz spent years fighting only the biggest fights. He has repeatedly called for a third fight with Joshua, targeted fights with Tyson Fury and Deontay Wilder and reportedly priced himself too high during talks to fight Wilder.

The result was a long period of inactivity and a decline in prominence in the heavyweight division that operated without him.

Hughie’s career is at a standstill. He lost decisions to Joseph Parker in 2017 and Kubrat Pulev in 2018, before losing to Povetkin a year later. Since then, he has remained vigorous mainly against lower-tier opponents, failing to take another significant step up. His last fight was in November 2025 with the little-known Michael Webster.

“We both want to fight. So let’s do it.

“I want this fight. You want this. That’s it. Enough talk. Let’s get to the fight,” Hughie Fury said of his interest in fighting Andy Ruiz Jr.

For Ruiz, the fight has an uncomfortable meaning. The former unified heavyweight champion, who looked set to set up major events over the years, is now linked to a heavyweight whose biggest career moments are defeats dating back almost a decade.

Claressa Shields has threatened legal action and filed defamation charges in a fierce social media attack.

Such allegations stem from an altercation between Shields and Alycia Baumgardner earlier this month, during which both players exchanged edged barbs.

This took place during the Netflix Most Valuable Deals event, which he headlined Ronda Rousey vs. Gina Caranowhere Jake Paul’s promotional outfit staged a series of MMA competitions.

But while the action took place in the cage, there was also a confrontation between two celebrated women’s boxers in the VIP area.

Video footage shows Shields punching Baumgardner after a war of words, to which MVP responded with a “GWOAT” ban from future events.

In an official statement, MVP described the incident as a physical “attack,” while Baumgardner in her own statement said Shields’ behavior was “unprovoked.”

It should also be noted that Baumgarner has signed with the flagship promotion of women’s boxing, while Shields continues to promote Dmitry Salit.

But regardless of their loyalties, Shields said in a social media clip that he plans to sue both MVP and Baumgardner.

“MVP doesn’t do boxing, so let’s stop this shit. I’m not banned from boxing. In fact, I have a large fight announcement coming soon.

“Both MVP and Baumgardner’s statements were lies – that is, defamation.

“For those who saw the video of Baumgardner threatening me and saying, ‘I’m going to kick your ass,’ that is a threat.

“You say everything that happened was completely unprovoked – that’s a lie. Now when I look at the testimony and see that people are lying, there’s nothing wrong with it because I won’t deal with it in front of the law; I’ll deal with it in court.

“You will be sued for defamation.”

As a world champion in five weight classes, Shields is considered, alongside Katie Taylor, the greatest fighter of her generation, if not of all time.