The undefeated boxing great Floyd Mayweather Jr. has found himself in legal trouble once again. It turns out that he has been accused of failing to pay for hundreds of thousands of dollars worth of jewelry he took home months ago.
Floyd Mayweather is in trouble
In court documents obtained by Atlanta Black Star, Eric & Co Trading Group, a New York-based jeweler, filed suit against Mayweather on Oct. 19, alleging that the retired boxing champ obtained jewelry from him on June 5 while in Miami for his exhibition match against YouTuber Logan Paul but has failed to remit payment for the items valued at $389,550. Logan Paul vs. Mike Tyson Sad Rumor Revealed
According to the legal complaint, Mayweather and the jeweler had a prior relationship that entailed the company advancing him pieces and submitting payment months later, however, those days may be behind both parties now.
The Mayweather Promotions boss had visited a pop-up shop run by Eric & Co Trading and walked away with over 30 pieces of jewelry, that he was supposed to pay for at a later date, including a 14K yellow gold tennis bracelet valued at $11,500, a 7.1-carat platinum heart-shaped diamond eternity band worth $22,500, three large white gold timepieces valued at $35,000, and more.
It was noted that the day after the transaction, Eric & Co Trading Group texted a balance owed to Mayweather, who replied “Thanks Family,” but has since “made it clear to Plaintiff that he has no intention of paying for such merchandise.”
In response, the company is seeking payment for the jewelry, as well as “costs, attorney’s fees, the cost of opportunity loss, and such other and further relief.” Mayweather is yet to address the lawsuit.