Advertisement
Advertisement

Mike Tyson Sues SFX in Los Angeles Over Embezzlement

By TMZ

Former heavyweight champion Mike Tyson and his wife are suing financial advisors they claim embezzled more than $300,000 from them ... and ultimately cost them around $5 million.

Tyson filed the suit against SFX Financial Advisory Management Enterprises today in L.A. -- and in the docs, obtained by TMZ, he claims SFX advisor Brian Ourand siphoned off the money from his accounts.

Additionally, the Tysons claim Ourand purposely gave them "deceptive and faulty financial advice."

According to the suit, Ourand has quite the pedigree -- having represented several other superstar athletes like Allen Iverson, Dikembe Mutombo, and Juwan Howard.

Tyson, and his attorney Mark Geragos, claim Ourand's scheme, which they discovered in 2011, has stopped Tyson from digging out of the bankruptcy he filed 10 years ago -- and set him back $5 mil.

For example, in the lawsuit, Tyson claims the embezzlement forced him to mortgage his house to pay bankruptcy lawyers -- and he also had to borrow money to pay the IRS.

In the docs, Tyson says SFX admitted Ourand embezzled the $300k ... returned a portion of the funds -- and then tried to get the Tysons to sign a settlement.

The Tysons turned down that offer ... and are now suing SFX and Ourand for the $5 mil.

Ourand no longer works for SFX, and according to the docs he's living comfortably in Miami and working for another financial advisory firm.

We've called Ourand for comment, but no word back yet.

Tags: Mike Tyson image  
User Comments and Feedback (Register For Free To Comment) Comment by nycsmooth on 02-21-2013

he's claiming a lot, I say show me thr proof...here's a guy that's virtually broke scrapping for every nicle he can get...he's have a lot more now if he hadn't wrecked the 2 BMW 850's he had years back...

Comment by Michael Paine on 02-21-2013

You gotta have balls the size of melons to steal Mike Tyson's money. He's one crazy bastard, he's trying to change but that anger's still in him and if he snaps he's going to cause you a world of pain.

Comment by Light_Speed on 02-21-2013

Tyson still getting screwed by his financial advisors, goddamn.

Comment by ROSS CALIFORNIA on 02-21-2013

Get that money, Mike!

Comment by TheGR8TESTOAT on 02-21-2013

[QUOTE=BIGPOPPAPUMP;13062077]Mike Tyson and his wife are suing financial advisors they claim embezzled more than $300,000 from them ... and ultimately cost them around $5 million. Tyson filed the suit against SFX Financial Advisory Management Enterprises today in L.A. -- and…

Post a Comment/View More User Comments (7)
Top Headlines Ward: Barrera Not Stronger, Hasn't Seen This Speed, Conditioning Cletus Seldin Returns To Action on March 5th in Long Island Browne Gets Advice From Larry Holmes For Chagaev Bout Photos: Manny Pacquiao-Timothy Bradley 3 Undercard Presser 50 Cent Erupts, Rips Apart Ungrateful "Sh*thead" Billy Dib Luis Ortiz-Tony Thompson Undercard Information Golovkin-Canelo: Jerry Jones Wants Bout at AT&T Stadium Sanchez Will Have Barrera Ready For Andre Ward's Clinching Ovill McKenzie-Dmytro Kucher Purse Bid Won By Frank Warren Manny Pacquiao and Timothy Bradley: Defying Newton's Laws Golovkin-Wade Title Fight Confirmed For April 23 At The Forum Williams-Matano Title Eliminator Tops March 5 SHO Tripleheader Jason Quigley To Return on March 25th at Fantasy Springs Lightweight Contender Kevin Mitchell Announces Retirement Trash-Talking Lundy Admits Crawford Has ‘Got The Goods’ Sanchez on Facing Andre Ward With Barrera Instead of Golovkin Nielsen-Marghetti Tops March 19 Bill In Copenhagen Daily Bread Mailbag: Canelo vs. Khan, Brook, Kovalev, More Stephen Ormond is Hoping To Raise Irish Spirits Joshua-Martin: Eddie Hearn Hoping To Get The Fight Done Anthony Joshua To Parker: Talk is Cheap Until The Bell Rings Khan: Canelo Deal Was So Smooth, Finalized Within Days The Real Comeback of Andre Ward Amir Khan Confident: If I Hit Canelo Clean, I Can Hurt Him! Herring Dominates Flores; Williams Survives Late Scare Mayweather Not Concerned With Canelo-Khan on 5/7 Date Roman Gonzalez Says Return Will Happen on Golovkin-Wade Rey Vargas To Return on Leo Santa Cruz-Kiko Martinez Card Timothy Bradley Formally Vacates WBO Welterweight Title Chavez Sr. Not Happy With Canelo-Khan, Wants Canelo-Golovkin Andre Ward-Sullivan Barrera Confirmed For March 26 in Oakland Photos: Manny Pacquiao Flexing His Political Muscle Back Home Golden Boy VP: Shabranskyy Was Willing To Face Andre Ward Billy Dib: Thank God I Finally Got Away From 50 Cent! Francisco Vargas vs. Orlando Salido Still a Possibility? Martinez-Berchelt On Course For March 12 After WBO Rejects Appeal Julio Ceja, Hugo Ruiz Ready For Rematch War on Feb. 27th Anthony Joshua-Charles Martin in Serious Talks, Says Hearn Zou Shiming Ring Return Draws 36.5 Million Viewers in China Gabe Bracero Arrested After Allegedly Beating Up Cop
Advertisement

Latest Active Forum Threads
Advertisement
Advertisement