Boxing champ Floyd Mayweather Jr. accuses business advisor of pilfering $175 million in cash, gems, and jets

One year after Floyd Mayweather Jr. claimed he had “ 100 percent ” trust in business advisor and convicted felon Jona Rechnitz, the champion prizefighter is suing him for allegedly stealing at least $175 million in cash, along with the proceeds from sales of real estate, jewelry, and a Gulfstream G-IV private jet. In a complaint filed Thursday evening in Manhattan County Supreme Court, Mayweather claims Rechnitz, a New York City real estate developer who in 2016 was brought up on federal bribery charges and later sentenced to five months in prison and five months of house arrest, fleeced him amid a “multi-year fraudulent scheme” carried out with the help of two associates.

“As they say, the gloves are off,” Mayweather’s attorney Leo Jacobs told The Independent . “The complaint speaks for itself. ” The lawsuit follows news of a court ruling ordering Mayweather to pay nearly $1 million in back child support , plus $33,000 a month, to a dancer at his Las Vegas strip club with whom he fathered a four-year-old daughter.

Last month, Mayweather and Rechnitz were jointly sued for allegedly failing to pay a $100,000 private jet bill after a flight to the Caribbean. Rechnitz, who now lives in Southern California, did not respond on Friday to emailed requests for comment. Calls to his personal cell phone went straight to voicemail.

Mayweather, 49, is an undefeated pro boxer with a 50-0 record across five weight classes but “no formal post-secondary education and no formal training in finance, accounting, real estate, or commercial law,” his complaint opens. “Mr. Mayweather has, at all relevant times, relied on advisors, attorneys, accountants, and managers to handle his financial and transactional affairs,” the complaint states.