Floyd Mayweather alleges $550 million fraud

American boxer Floyd Mayweather has claimed he was defrauded of a total of $550 million through broken trust and commercial disputes.

Mayweather alleges that $200 million was stolen by an individual he considered a close friend and business partner. He stated that the person “pretended to be my friend and helped me with my business” before stealing the funds.

An additional $350 million is tied to disputes regarding his commercial relationship with the broadcaster Showtime. Mayweather claims that funds intended for him or his company, Mayweather Promotions, were instead transferred to accounts belonging to other parties.