Miami Jeweler Cites RICO Violations in $4 Million Lawsuit Against Floyd Mayweather Jr.; Tyga Also Named for Unpaid Rolex

A Miami jeweler has filed a federal lawsuit against retired boxing champion Floyd Mayweather Jr., accusing him of owing nearly $4 million for luxury watches and diamond jewelry purchased in 2021, the Miami New Times reports. The lawsuit, brought by Leonard Sulaymanov, owner of Lenzo & Co., includes serious allegations under the Racketeer Influenced and Corrupt Organization (RICO) Act, fraud, breach of contract, and civil theft against Mayweather and his company, The Money Team (TMT).

Filed on August 23 in Miami federal court, the suit claims Mayweather failed to pay for several high-end items, including a yellow-gold Audemars Piguet watch, two Richard Mille watches, a Patek Philippe watch, a rose-gold Rolex Presidential Day-Date, a diamond ring, and a diamond necklace. These purchases were allegedly made during meetings at the Fontainebleau Miami Beach in June 2021.

According to the lawsuit, the meetings were arranged by Mayweather’s agent, Jona Rechnitz, though Rechnitz is not named as a defendant. Sulaymanov alleges that while he received $267,000 in two down payments, the remaining balance of nearly $4 million was never paid. Despite this, Mayweather was reportedly seen wearing the diamond necklace and ring after leaving Miami and even posted photos of himself wearing the items on social media.

The lawsuit also names rapper Tyga as a defendant, claiming that he agreed to purchase a Rolex Day-Date for $79,000 but failed to pay. Sulaymanov alleges that he met with Tyga and Mayweather in Las Vegas to complete the transaction, but despite assurances from Rechnitz, no further payments were received.

In the complaint, Sulaymanov included screenshots of text messages allegedly from Rechnitz, confirming that the jeweler is owed $1.8 million for the watches and an additional $2 million for the diamond ring and necklace. The lawsuit states that despite repeated promises, no further payments were made, leaving Mayweather and his associates indebted to Sulaymanov for a total of $3,883,657.