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.
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.
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.
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.
“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.
