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Floyd Mayweather sued his former business manager, Jona Rechnitz. That was a mistake since Jona shared with me that Floyd’s life is unraveling and about to officially be broke.
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*TIMESTAMPS*
0:00 – Intro
0:41 – Claims in the lawsuit
1:23 – Floyd didn’t know Jona’s history
2:49 – Floyd needs to pawn his jewelry
5:02 – Floyd accuses Jona of stealing his jewelry
6:35 – Jona and Floyd invest in real estate
7:34 – Floyd receives advance against McGregor fight earnings
8:21 – Floyd’s jet sold for only $1?
10:20 – Real estate profit split issue
11:47 – Floyd claims fraud with refinance loans
13:29 – Floyd owes baby mama $1m+ in back child support
14:13 – Floyd owes the IRS $7m+
14:59 – Jona hasn’t been served + official statement
16:22 – How Floyd leverages media & litigation as a strategy
17:03 – Vegas car dealer sues Floyd for $1.2m+
18:03 – Floyd is suing everyone
18:27 – Floyd owes millions of dollars to numerous people
19:20 – Floyd’s gambling problems
19:40 – Summary of accusations
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Floys is a CERTIFIED GOOFY. You amass that level of wealth to NOT have financial issues. Hustling backwards, indeed.
to be fair, Floyd did not write that letter LOL
Floyd is not writing those texts. Dude never learned how to read or write.😂 With all that money he couldn't find someone to teach him how to read. Pretty sad
13:38 and the jews are always there to take money from tremendously stupid people!…Floyd deserves no sympathy…
White boys are coming from far and wide to report on this lol very predictable probably never watched boxing
Floyd can't write! 😂
when youre going broke and already have a huge car collection, the logical thing to do is buy 4 cars for 2.25 million dollars….
Floyds new attorney refused their offer to see evidence before going with the suit because his attorney will still get paid whether they win or lose the suit…… he doesnt care if floyd loses the suit, so by going through with that he will be even poorer.
Looks like Floyd was taken advantage, but it's also his fault and the culture that perpetuates this lifestyle, He can't read and it would have been very easy to let him sign papers that took money out of his pocket
People that supposedly have 100s of millions of dollars will absolutely pay their taxes, not decide to just not pay them for five straight years. Anyone who doesn’t believe that Floyd has gone broke when the whole ass federal government is coming after him for five years of back taxes is functionally retarded.
He has assets that are either illiquid or substantially depreciated, but the cash is gone.
And I’m over here thinking I’ve got too much going out every month to get my yard mowed
Our elders told us to stay away from ppl like Jona. Floyd & so many other blacks with money choose to ignore what they been taught by our elders & do whats they think is best… & they get what they deserve. Every-time…. These ppl make us look like morons. Idk who’s worst the streets or the celebrities at this point.
Floyd can't read
Bro could have parked 1 pay day ~100 million in the VTI/GLD sprinkle some BTC/ETH and never touched the principal. His manager could withdrawl a conservative 5% per year for him to burn annually. Dumbbass would be a multi-billionaire today instead of a broke one 20 years later. Dumbass.
$100 million in a stock portfolio (heck, just money market account at this point) paying a very conservative 4% per year gives you $4 million a year of residual income, no effort required other than keeping the money in an account. $4 million per year is $333,333 per month, or an average of over $11,000 per day. If you can't find a way to stay out of money troubles making $11,000 per day, money is not your problem.
He's got the mental age of a 10 year old.
Couldn’t have happened to a worse person. I feel awful.
Wasn’t it reputed that he’s illiterate? If so can he still be held accountable for those contracts? 😂
Sadly I knew it was only a matter of time
It couldnt happen to a worst human being
It would be a fitting ending if "money" mayweather was put in jail by the IRS for the one thing he loves most.
I'm not really surprised. He always seemed like he wanted to spend money to look cool rather than actually being a good dude.
Let it sink in that adjusted for inflation Floyd has made over 1.5 billion dollars over his career and squandered it all
These broke athletes man. There’s a reason why they need a “coach carter” that tells them to go tf to school. They bring their dumbass “ I came from duh streets” mentality with them into their professional careers. Not only does it make them trashy, but they keep that need to show off their wealth in the dumbest and most wasteful ways. A fool and his money as they say…
The fact he's running out of money and McGregor is still living off that fight purse is so wild to me. 🤣🤣🤣🤣
Almost $1.5m on fees. Damn!!!
50 CENT!!!
Jake Paul fight is next after Manny beats him. I think he has some type of mental disease maybe brought on by childhood trauma of growing up in poverty. What is the obsession with material trash these trinkets that keep you essentially enslaved, this guy could be retired on a beach somewhere with generational wealth but he spent it all on tacky luxury items
13:10 dude has that much money but needs a weekly paycheck 💀
if floyd has 100mill and spends a mill a month that money is gone in just over 8 years
50cent having a Blast
Floyd is the only person that can get every nooticer to shelve their “nooticing” comments.
He makes RechNITZ look like a saint
Edit: nvm this guy is a mo ran. Full blown reh thard.
There ain’t no fkn way this guy is actually broke. It’s gotta be some tax stunt or lawsuit thing. Maybe the elites took him down for being disobedient.
People so happy to see him down, I hope he’s good. The best fighter I’ve ever seen.
Why is this video bringing a smile to my face? LOL
No stereotypes were harmed in the making iof this video
He’s on his Armenian vibes
Very hard to believe
Cmon bruh this is Jewish slop propaganda there is no way he would accept not being on a payroll unless he was getting money another way
His best friend is Steve Stevens VIP SPORTS VEGAS, this isn't shocking… it's 2 con men who work next to each other trying to scam as many people as possible
Jonah is a scumbag the reason he is speaking because he is guilty. He has been sued before by multiple people
Makes total sense now with trying to align himself with Israel
He's just not very smart
🤔Being rich sounds stressful. I'm mostly poor but quietly content, happy to be this way.
Over 500 million dollars in earnings from boxing alone and you are broke. Crazy!
So bro is now 50 and Owe
Floyd has horrendous spending habits but the fact that he can't read almost guarantees that some has taken advantage of him also. To much money and too many contracts.
If you need paid every week you broke broke I think the same thing of people at my job that stress when it’s not weekly pay
you’d think the huge ticket is the biggest red flag but a multi millionaire doing first half bets for 2x is cooked lol