Mayweather alleged that Jona Rechnitz spent years gaining his trust before eventually becoming his unofficial financial manager, real estate adviser and banking intermediary.
American boxing legend and promoter Floyd Mayweather Jr. has accused a former close associate of orchestrating a massive fraud scheme that allegedly cost him $175 million.
According to a lawsuit obtained by TMZ Sports, Mayweather alleged that Jona Rechnitz spent years gaining his trust before eventually becoming his unofficial financial manager, real estate adviser and banking intermediary.
The retired boxer claimed Rechnitz allegedly drained his bank accounts, interfered in real estate transactions, sold off his jewellery and even made his private jet disappear as part of the alleged scheme.
Mayweather described the situation as a long-running betrayal by someone he had trusted with access to his finances and business dealings.
