Tyga, Floyd Mayweather Jr., and The Money Team are facing accusations of RICO violations, fraud, breach of contract, unjust enrichment, and more, in a new lawsuit brought by jeweler Leonard Sulaymanov. According to documents caught by AllHipHop, Sulaymanov is accusing them of refusing to pay for luxury watches and other jewelry.
“Mayweather, TMT, and possibly others have systematically created, participated and engaged in what can be described as a quasi-criminal, money laundering scheme involving high-end, rare and exclusive luxury watches and jewelry,” Sulaymanov’s lawyers claimed. “The Defendants, acting in concert and with other financially incentivized third parties, will purchase/acquire luxury watches by soliciting watch brokers, like Plaintiffs herein, and offering them upfront cash with payment terms in exchange for the purchase of watches and jewelry, with no intention of paying off the total balances.”
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Sulaymanov further cited a number of meetings in 2021 with Mayweather’s associate, Jona Rechnitz. He claims the legendary boxer agreed to make several purchases amounting to a bill of $4,151,157. Rechnitz allegedly made an initial downpayment of $90,000, followed by another $177,000 payment, before he introduced him to Tyga in Las Vegas. The rapper agreed to buy a Rolex for $79,000 but allegedly didn’t make any initial payments on it. As time went on with no further payments being made by either party, Sulaymanov decided to take legal action.
“Defendants … take possession of watches and jewelry, demanding formal paperwork, boxes and warranties, request repayment terms with upfront cash deposits, only to refuse to pay the full price for said items and in some instances, claim they never ‘purchased’ the item but rather it was ‘gifted’ to them because of their fame and status,” Sulaymanov’s lawyers noted. “Lawsuits around the country have been filed in recent years against said Defendants.” Be on the lookout for further updates on Tyga on HotNewHipHop.
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