Advertisement
Advertisement
Boxingscene.com

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 DiBella: Unlike Wilder-Wawrzyk, 'Nervous' About Wilder-Washington Chavez: Canelo Picked Me Over GGG For 'Easier Fight, More Money' Gavin McDonnell: I'll Do Whatever it Takes To Beat Rey Vargas Izu Ugonoh Aims To Make a Statement in Big Career Showcase Liam Williams on Liam Smith: This Is A Real Fight, It'll Be Good Cecilia Braekhus' Former Coach Ready To Help Svensson Win Angulo: Canelo Lacking The Heart and Balls To Face Golovkin Mayweather Sr: I Would Beat Conor McGregor's Ass - And I'm 63! Adam Bashanov Set To Turn Pro on Ceylan vs. Lowe Card WBA, AIBA Hold a Second Meeting in Taipei To Further Relations Jhonny Gonzalez Back on March 25, To Face Sergio Estrella Jarrett Hurd: I'm Turning A lot of Non-Believers into Believers Dat Nguyen Shocks Miguel Flores, Blasts Him Out in Six Rounds Video: Canelo Alvarez Talks Chavez, Golovkin, More Hunter: Ward Mistreated By Media, HBO - Why Wouldn't He Retire? Daniel Franco Training, Set To Return on March 23 in LA Canelo is Confident That He Can Put Chavez Jr. To Sleep Video: Julio Cesar Chavez Jr. Discusses Canelo, Weight, More Photos: Lucian Bute, Eleider Alvarez - Go Face To Face at Presser Canelo: Mayweather-McGregor Would Be a Black Eye For Boxing De La Hoya: Canelo-Chavez Will Be a War - There is No Favorite Orlando Salido Being Considered for Canelo-Chavez Co-Feature Rey Vargas vs. Gavin McDonnell To Be Carried By KlowdTV Photos: Canelo, Chavez Jr. - Go Face To Face in New York City Floyd Mayweather Plans Big 40th Birthday Bash in California Garcia On Dad's Tirade: Free Speech, He Can Say What He Wants De La Hoya: GGG Can Fight Canelo or Keep Making What He Makes! Pacquiao's Adviser Aims To Finalize Fight, Venue By Next Week Lee Selby To Return On Haye-Bellew, Will Face Andoni Gago Photos: Caleb Plant Putting in Work For Ring Return Otto Wallin Very Excited To Headline Hometown Card on April 22 Frank Buglioni Injured In Sparring, Out Of Ricky Summers Defence Photos: Gennady Golovkin in Top Form, Putting in Work For Jacobs Caleb Plant on Sparring George Groves, Future Plans Bellew Warns Haye: Try Something - I'll Smack Your F***ing Face! Wilder: Would've Been 'Stupid' to Face a 'Killer' in This Fight Lomachenko: I'll Be No. 1 P4P Once I Beat Two Lightweight Champs Hughie Fury’s Trainer: He Must Rip Title Away From Joseph Parker Frank Buglioni Joins Matchroom Ahead Of March 4 Return Andy Townend, With 3/4 Win, To Face Jon Kays For Commonwealth
Advertisement
Latest Active Forum Threads
Advertisement
Advertisement