2. Sued for $1.4 Million By Jewelry Company
His bank account has enough zeroes to feed a small village and he’s never shy about showing off his big ballin’ lifestyle, but in 2015 he was sued by The Jewelers Inc., a Las Vegas jewelry company, for non-payment on a $3 million necklace he purchased from them. They say he still owes them $1.4 million.
“ad-odd”>
The company claims that Floyd initially paid out $1 million for the necklace and made another six payments of $100,000, but that was all. The necklace had 72 round-cut diamonds in it, and each diamond was about three carats.
The necklace was custom made for the boxer who had done business with the company in the past when he purchased a $16 million watch from them. This wasn’t the first time Floyd was in court over jewelry. In 2005 another jeweler alleged that he hadn’t paid $124,000 for over 20 pieces of jewelry; however that case was settled the following year without disclosing the details.
Discussion about this post