Floyd Mayweather, long associated with wealth and nicknamed “Money,” is now facing questions in the United States about his finances and business dealings. The five-time boxing star earned more than $1 billion from fights alone during his career, but recent legal troubles have fueled speculation that his money is not as secure as his image suggests.
Mayweather is currently facing a criminal case over allegations that he issued bounced checks totaling about $200,000 for a luxury watch purchase. Prosecutors say he was charged with theft of more than $100,000 and with passing a bad check in an effort to defraud the seller. His lawyer said the matter was an isolated mistake, insisting, “He had no intention of defrauding the seller,” and argued that the seller’s decision to turn the dispute into a criminal case was unnecessary.
His problems do not end there. CSI, the production company with which Mayweather signed a contract for two high-profile fights, has sued him for $6.65 million after he allegedly backed out of the deal. According to the company, he already took an advance of more than $4.5 million before announcing another fight, which it says violated the contract and its promised exclusivity over his next two bouts.
The scheduled bouts were Mayweather against Mike Tyson and Manny Pacquiao. Netflix, which is set to broadcast the event, has not announced any cancellation, but the fight Mayweather later revealed, against Mike Zambidis in Greece, is also now in doubt.
