Floyd Mayweather Jr. filed a complaint Thursday evening in Manhattan County Supreme Court accusing Jona Rechnitz of stealing at least $175 million from him through the sale of real estate, jewelry and a Gulfstream G-IV private jet.
The filing says Rechnitz used a multi-year fraudulent scheme with the help of two associates and had, by 2024, taken on the de facto role of Mayweather’s investment manager, real estate adviser and banking liaison. It also says the boxer had no formal post-secondary education and no training in finance, accounting, real estate or commercial law, leaving him dependent on advisers, attorneys, accountants and managers to handle his financial and transactional affairs.
For Mayweather, 49, the complaint is a sharp turn from the public embrace he gave Rechnitz just months ago. At a New York real estate forum in May 2025, he said, “I trust Jona – not just 10 percent, 20 percent – 100 percent.” He added, “Jona is my friend,” and said, “Whatever his case was, he dealt with it like a man, and we’re going to continue to do business.”
That trust now sits at the center of the case. The complaint says Rechnitz began cultivating the relationship in 2017 after being introduced by a mutual acquaintance, then deepened it over time as Mayweather’s financial dealings grew more complex. Rechnitz, 43, had already been brought up on federal bribery charges in 2016 and later served five months in prison followed by five months of house arrest.
The lawsuit lands as Mayweather is already under pressure on another front. It follows a ruling ordering him to pay nearly $1 million in back child support plus $33,000 a month to a dancer at his Las Vegas strip club. Mayweather and Rechnitz were also sued last month over an alleged unpaid $100,000 private jet bill after a flight to the Caribbean.
Leo Jacobs, speaking about the dispute, said, “As they say, the gloves are off,” a line that fits the stage this fight is now on. What was once presented as a business relationship built on loyalty is now a courtroom fight over whether that loyalty was abused — and whether the person who says he trusted Rechnitz 100 percent was taken for one of the biggest alleged losses ever tied to his name.
