Miami Jeweler Sues For $4M RICO

A Miami jeweler named Leonard Sulaymanov has reportedly sued Floyd Mayweather Jr. and Tyga for at least $4 million, alleging they committed RICO activities.

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More Details On The Miami Jeweler’s RICO Lawsuit Against Floyd Mayweather & Tyga

According to the Miami New Times, Leonard Sulaymanov is suing Mayweather and his company, the Money Team, for allegedly violating the “Racketeer Influenced and Corrupt Organization (RICO) Act.” Additionally, Sulaymanov is accusing Mayweather of “fraud, civil conspiracy, breach of contract, unjust enrichment, and civil theft, among other allegations.”

The outlet adds that the jeweler reportedly filed the suit on Friday, August 23, in a federal court in Miami. Miami New Times adds that Tyga, whose government name is Michael Ray Nguyen-Stevenson, is also named in the suit for allegedly failing to satisfy payment for a Rolex watch.

Here’s What The Jeweler Is Reportedly Seeking

According to the outlet, the lawsuit asserts that the “defendants used the plaintiff’s reputation, business, and inventory to systemically steal and convert the plaintiff’s watches and jewelry to their own without paying the full and fair price.”

In June 2021, the jeweler reportedly met with Mayweather and sold him an Audemars Piguet watch, two Richard Mille watches, a Patek Philippe watch, a Rolex, a diamond ring, and a diamond necklace. Furthermore, Sulaymanov alleges that he only received $267,000 for the items before Mayweather left Miami. To note, the jeweler reportedly documented the purchase with photos of the jeweler and Mayweather’s cash payment.

Two weeks later, Sulaymanov allegedly traveled to Las Vegas to meet Mayweather and Tyga. He allegedly brought “ten Rolex Presidential Anniversary watches, a Rolex Day-Date 40, and a Richard Mille” to their meeting.

At their gathering, Tyga allegedly agreed to purchase the Rolex Day-Date for $79,000. Additionally, Mayweather allegedly made “more purchases” from the jeweler. However, he allegedly “failed to pay off the existing account balance.”

[Mayweather and Tyga were] luring plaintiffs into a false sense of security that they would have an ongoing business relationship that would benefit everyone involved,” the suit reads per the Miami New Times. “However, as days passed and no wires were being received, Plaintiffs got concerned and started exchanging text messages with Defendants through their agent… about when payment could be expected.”

According to the outlet, Sulaymanov is seeking an overdue balance of “over $3,883,657.00” from Mayweather and Tyga. AllHipHop adds that the jeweler is also seeking compensation for “humiliation, embarrassment, and mental anguish.”

Have Floyd Mayweather & Tyga Responded To The Allegations?

At this time, Mayweather and Tyga have not publicly addressed the allegations or lawsuit. Earlier this month, the former professional boxer turned heads after he showed off “one” of his “new toys” on social media.

At the time, Mayweather posted footage of “Limited Edition,” Tiffany-blue-accented, Brabus Mercedez Benz G-Wagon.

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