According to the Miami New Times, Floyd Mayweather and rap star Tyga are named in a 4-million-dollar RICO lawsuit filed by a Miami jeweler.
In the lawsuit, Leonard Sulaymanov, the owner of Lenzo & Co., accused the celebrities of owing the desired amount for luxury watches and diamond jewelry purchased in 2021. Filed in Miami federal court, it alleged violations of the Racketeer Influenced and Corrupt Organization (RICO) Act, along with claims of fraud, civil conspiracy, breach of contract, unjust enrichment, and civil theft.
The lawsuit claims that Tyga allegedly failed to pay for a Rolex watch. The defendants engaged in “predatory, unfair, improper, fraudulent, and unscrupulous practices” to exploit the plaintiff’s reputation and inventory, systematically stealing and converting the watches and jewelry without paying the agreed-upon price.
Documents claim Sulaymanov met with Mayweather and members of TMT in 2021 at the Fontainebleau Miami Beach. During a series of meetings allegedly arranged by Mayweather’s agent, Jona Rechnitz, Sulaymanov claims he sold the boxer a yellow-gold Audemars Piguet watch, two Richard Mille watches, a Patek Philippe watch, a rose-gold Rolex Presidential Day-Date, a diamond ring, and a diamond necklace. Sulaymanov alleges that he only received $267,000 in two down payments before Mayweather left Miami.
Despite the alleged demands from Mayweather’s entourage to ensure privacy by confiscating Sulaymanov’s phone, the jeweler claims he managed to discreetly document the transaction using another phone, capturing images of the purchased items and the cash payments.
“Mayweather was seen wearing the diamond necklace and ring while riding in his TMT van after leaving Miami. He also recently posted a photo wearing the necklace alongside his agent,” the lawsuit notes.
Two weeks later, at the request of Rechnitz, Sulaymanov traveled to Las Vegas to meet with Mayweather and Tyga. He claims he brought additional items, including ten Rolex Presidential Anniversary watches, a Rolex Day-Date 40, and a Richard Mille watch. During this meeting, Tyga allegedly agreed to pay $79,000 for the Rolex Day-Date. However, Sulaymanov asserts that Mayweather made further purchases without settling his existing balance, misleading the jeweler into believing they would continue a profitable business relationship.
As time passed without receiving the expected payments, Sulaymanov grew increasingly concerned. He claims to have exchanged text messages with Rechnitz, who allegedly confirmed that Mayweather owed $1.8 million for the watches. Despite assurances of payment, Sulaymanov asserts he never received the promised funds.
The lawsuit further alleges that Mayweather owes an additional $2 million for the diamond ring and necklace, bringing the total amount owed to over $3.8 million.