5-time heavyweight boxing champ Floyd Mayweather Jr. is taking a swing at an ex-con main donor to former Mayor Invoice de Blasio over an alleged $175 million fraud scheme involving jewels and a secret jet sale.
The famous person pugilist claims in a brand new Manhattan Supreme Court docket lawsuit that Jona Rechnitz — an ex-mayoral donor who as soon as tried to bribe NYPD cops with hookers — orchestrated “a multi-year fraudulent scheme” involving actual property, jewellery and his beloved Gulfstream Jet famously emblazoned with “MAYWEATHER” on the fuselage.
“As they are saying, the gloves are off,” Mayweather’s lawyer, Leo Jacobs, informed The Submit. “This case is about restoring to our consumer what’s rightfully his.”
Rechnitz had spent years cultivating a relationship with Mayweather, who has earned a reported $1 billion throughout his profession however whose high-flying way of life has left him cash-strapped at instances.
In 2024, Rechnitz turned the “de-facto” supervisor of the boxer’s funding, banking and real-estate property — earlier than betraying the champ’s belief by diverting his fortune to himself and a dealer pal, in accordance with authorized paperwork.
Rechnitz beforehand pled responsible in 2016 for his position in the notorious prostitute-packed NYPD corruption scandal that additionally concerned personal jets.
He had been a high donor to de Blasio — who known as him a “brother” in emails.
Mayweather says in his go well with that Rechnitz hid his felony previous from him, which has included a separate $17.7 million judgement towards the previous powerbroker and his pal Ayel Frist, who is also being sued by Mayweather.
The boxer’s lawsuit calls for that Rechnitz pays again the claimed $175 million in losses — detailing precisely how the alleged jaw-dropping clandestine fraud went down.
In July 2024, Rechnitz took it upon himself to wire $7.5 million from one among Mayweather’s firms to a Florida LLC owned by his pal Frist, stating it was for an imaginary “12-month funding” that by no means materialized, in accordance with the go well with.
A 12 months later, Rechnitz schemed to deliver roughly $100 million of Mayweather’s jewellery to a pair of Miami sellers, utilizing it as collateral for a $13 million mortgage from them, court docket paperwork declare.
In a textual content thread with Rechnitz and Mayweather, one of many sellers writes that he’ll “begin to liquidate the merchandise” if he doesn’t obtain funds quickly, court docket docs present.
“Agreed thx,” Rechnitz responded immediately.
Mayweather later lamented the predicament in a textual content, writing, “I fought from a child to get every part I personal, and it’s unhappy that somebody would even put me on this state of affairs.”
In November 2025, Rechnitz then urged Mayweather to execute a bill-of-sale for the jet, however the purchaser’s identify was left clean, the lawsuit says.
Mayweather has no thought who finally purchased it and hasn’t seen a dime from the sale, the submitting reads.
However he claims that “the proceeds have been utilized to a Bugatti-related obligation … with no portion paid to Mr. Mayweather.”
Different surprising allegations of Rechnitz machinations embody him ordering a lawyer to switch a $15 million real-estate settlement to his pal’s Florida shell firm and that he siphoned half of an allegedly illicit $16 million mortgage to himself.
A January electronic mail from Rechnitz allegedly exhibits that his nefarious scheme was able to proceed with 20 % of almost $4 million in distributions from Mayweather’s Manhattan real-estate portfolio going on to him.
