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 Hearn Hopeful For Callum Johnson Commonwealth Challenge Golovkin's Coach: Eubank Sr. Telling Lies, Must Come To His Senses Vargas Confident: I Really Think I'm Knocking Manny Pacquiao Out! Golovkin: This is Different, I'm Not Doing What Canelo Did! Frank Warren on Eubank vs. Langford, Flanagan's Options Edwards Confident of Shocking Casimero on Golovkin vs. Brook Con Sheehan Signs With MGM, Will Fight Twice In A Week LaRon Mitchell Goes The Distance, Danny Roman Wins Mikaela Lauren Promises To Drill Klara Svensson For The Count Macklin Warns Brook: Golovkin is Smart, Don't Let Him Read You Jacobs: I'll Fight Golovkin Before Canelo Does - For Right Money Muhammad Ali Center Looks To The Future Without The Champ Frank Warren Throws Water on Joshua's Claim of Joyce Robbery Canelo Pleased To Reclaim Mexican Dates From Mayweather Deontay Wilder, Jarrell Miller Explodes - Heated Confrontation! Photos: Marriaga vs. Robb, Felix vs. Frankel - UniMas Weights Photos: Lucian Bute Putting in Work, Eager To Resume Career Brandon Rios' Manager: Top Rank Contract Ends in December Smith: Canelo Had To Go To 154 To Save Face Over Golovkin! Photos: Robert Guerrero, Alfredo Angulo, Terrell Gausha Ready Hands of Stone - Ramirez Credits Roberto Duran as Mentor Gilberto Ramirez Starts Next Stage, Aims To Return By Year's End Murat Gassiev: Lebedev Improved A lot Since Hiring Roach Abel Ramos faces veteran Juan Jesus Rivera in Phoenix, Arizona Chisora's Coach: Joshua is Better Than Fury, But Haye Beats Him Ishe Smith Discusses Training Camp, Fighting Frank Galarza Shakur Stevenson, Nico Hernandez To Get Honored at Home Smith: Canelo Ducked Golovkin, Talk of Pacquiao is Embarrassing! Mayweather Promotions' Titans of the Trade on September 17 Eubank Jr: Saunders is Extremely Boring, I Want 50-50 For Rematch Karim Mayfield Vents Over Bakhtiyar Eyubov Loss, Wants Rematch Marrero Reflects on Latest Win, Remains in Pursuit of Zambrano Burns-Relikh Title Fight Confirmed For October 7 in Glasgow Demetrius Andrade Ready For Culcay in Germany, SHO on Board? De La Hoya is Firm: Canelo Will Out-Sell Both Pacquiao Fights! Golovkin's Coach Rips Carl Froch: He Retired, Didn't Back Up Talk Daily Bread Mailbag: Golovkin, Ward, Kovalev, Team USA, More Mike Lee Faces Chris Traietti, September 30 at UIC Forum Juan Manuel Lopez Medically Cleared To Fight Wilfredo Vazquez Carlos Sanchez Aims To Continue KO Streak in Montebello
Advertisement

Latest Active Forum Threads
Advertisement
Advertisement