\nRechnitz pledged nearly $100 million in Mayweather’s jewelry to two Miami-based jewelers for only $13 million. “A substantial portion of the pledged jewelry” remains with the jewelers, according to the suit, without accounting provided to Mayweather.<\/p>\n<\/li>\n<\/ul>\n
A text message chain provided in the lawsuit claims one of the jewelers in the $100 million pledge demanded that if he didn’t receive a payment he would start to liquidate the goods, which Rechnitz allegedly agreed to without Mayweather’s authorization.<\/p>\n
The suit also claims Mayweather signed a bill of sale for his 1996 Gulfstream IV jet at Rechnitz’s suggestion with no purchaser listed. Mayweather alleges that he does not know who bought the aircraft and that the money from the sale was used for a “Bugatti-related obligation and otherwise diverted to Frist Apex,” with no money given to Mayweather.<\/p>\n
Frist allegedly represented himself as a manager of Vada Properties, Mayweather’s real estate investment firm, without being appointed. The suit claims that he never held such an office and that Frist signing documents as a manager was “a misrepresentation of office.” Vada’s website, at one point, listed Frist as the CEO. The suit alleges that Frist was never appointed Vada’s CEO by Mayweather.<\/p>\n
Mayweather is a defendant in several other lawsuits alleging money owed — some of which include Rechnitz as a co-defendant.<\/p>\n
He is also the plaintiff in a $340 million lawsuit where he alleges that Showtime, the network he used to fight on, misappropriated funds as part of a long-running scheme of financial fraud.<\/p>\n
The IRS also filed a nearly $7.3 million lien against Mayweather in March for unpaid taxes in 2018 and 2023.<\/p>\n<\/div>\n
\n <\/p>\n","protected":false},"excerpt":{"rendered":"
Michael RothsteinMay 22, 2026, 03:49 PM ET Close Michael Rothstein, based in Atlanta, is a reporter on ESPN’s investigative and<\/p>\n","protected":false},"author":1,"featured_media":30294,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_animmysite_disable_animation":false,"fifu_image_url":"https:\/\/a4.espncdn.com\/combiner\/i?img=%2Fphoto%2F2026%2F0226%2Fr1620488_1296x729_16%2D9.jpg","fifu_image_alt":"","footnotes":""},"categories":[214],"tags":[],"class_list":["post-30293","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-usa-politics"],"_links":{"self":[{"href":"https:\/\/trendifyhubusa.com\/index.php\/wp-json\/wp\/v2\/posts\/30293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trendifyhubusa.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trendifyhubusa.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trendifyhubusa.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/trendifyhubusa.com\/index.php\/wp-json\/wp\/v2\/comments?post=30293"}],"version-history":[{"count":0,"href":"https:\/\/trendifyhubusa.com\/index.php\/wp-json\/wp\/v2\/posts\/30293\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/trendifyhubusa.com\/index.php\/wp-json\/wp\/v2\/media\/30294"}],"wp:attachment":[{"href":"https:\/\/trendifyhubusa.com\/index.php\/wp-json\/wp\/v2\/media?parent=30293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trendifyhubusa.com\/index.php\/wp-json\/wp\/v2\/categories?post=30293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trendifyhubusa.com\/index.php\/wp-json\/wp\/v2\/tags?post=30293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"\"](\"https:\/\/a.espncdn.com\/combiner\/i?img=\/i\/columnists\/full\/rothstein_michael.png&h=80&w=80&scale=crop\")
<\/div>\n