Overview
- The lawsuit, filed May 22–23, 2026, accuses Jona Rechnitz, Ayal Frist, Frist Apex Ventures and attorney Alexander Seligson of running a years-long scheme that diverted money and assets from Floyd Mayweather.
- Mayweather says about $100 million in jewelry was pledged to Miami dealers but only roughly $13 million was returned and much of the collection remains with the dealers.
- The complaint alleges a $7.5 million wired investment never materialized, $15 million tied to a real-estate settlement was transferred without permission, and loan and refinance proceeds totaling roughly $8.8 million were routed to Frist Apex Ventures with only $2.5 million repaid.
- Mayweather claims he signed paperwork that transferred his 1996 Gulfstream G‑IV while the buyer field was left blank and that he has received no accounting for the aircraft proceeds.
- The case is in its early civil-litigation stage with Mayweather seeking recovery, punitive damages and a full accounting, and news coverage notes the allegations currently reflect only the plaintiff’s filing as defendants have not publicly responded.