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 Frank Warren Sees Bradley Skeete Going For World Title in 2017 Tony Bellew Hints That David Haye is Broke: His Life is in Turmoil! Julian Williams: I'm More Focused, I Definitely Went The Extra Mile Marcos Villasana Jr. Knocks Out Jorge Luis Rodriguez In Eight McGregor: F*** Mayweather's Manager, I Hold All The Numbers! Johnny Navarrete Shocks Jorge Paez Jr. - Retirement Looms? Ed Brown is Fighting For His Life After Being Shot in The Head Saunders: I Called Out GGG, Now I'm Embarrassed By Performance Michael Conlan: McGregor Will Carry Irish Flag at My Pro Debut Photos: Andy Ruiz Hits New Zealand For Joseph Parker Showdown Billy Joe Saunders vs. Artur Akavov - CompuBox Punch Stats Freddie Roach Impressed: Murat Gassiev Was a Beast in There Murat Gassiev vs. Denis Lebedev - CompuBox Punch Stats Billy Joe Saunders Struggles in Decision Win Over Artur Akavov Lolenga Mock, Sherman Williams Win in Aarhus, Denmark Jack Catterall Outpoints Diego Luque, Retains Fringe WBO Regional Lebedev Wants a Rematch: I Thought I Won or it Was a Draw Paul Butler Beats Alexander Cazares, Targets Jamie McDonnell Kubrat Pulev Batters, Stops Samuel Peter in Four Rounds Murat Gassiev Drops, Decisions Lebedev With Split Nod For IBF Belt Denis Lebedev vs. Murat Gassiev - LIVE BoxingScene Scorecard Julius Indongo Destroys Eduard Troyanovsky in One - HUGE Upset Denis Shafikov vs. Richard Commey - CompuBox Punch Stats Maxim Vlasov Blasts Rakhim Chakhkiev in Wild Shootout Marcos Villasana Jr. Looks To Continue His Run in Acapulco Frank Warren: Eubank Jr is All Talk, Won't Sign To Face Saunders Denis Lebedev vs. Murat Gassiev - LIVE Results From Moscow Jessie Magdaleno: Manny Robles Should Be Trainer of The Year Jose Ramirez Ready To Travel, Challenge Ricky Burns in Scotland Juan Manuel Marquez Will Enter Camp in January, No Retirement Abel Sanchez To Saunders: Stop Talking, Call To Fight Golovkin Pazienza Understands Blackwell's Desire To Put Himself at Risk Frank Warren on Flanagan's Options, Saunders' Return, More Cecilia Braekhus vs. Klara Svensson Looms For January 28 Bellew: McGegor Just Wants UFC Shares, Mayweather Drills Him Video: Thomas Dulorme on Sparring Mayweather, Joining TMT McGregor: If Mayweather Runs, I Have Other Boxing Targets! Denis Lebedev-Murat Gassiev: Pre-Fight Report Card Video: Ellerbe Talks McGregor, Mayweather, Pedraza-Davis, More Abraham Lopez Decisions Sergio Lopez at LA Fight Club
Advertisement

Latest Active Forum Threads
Advertisement
Advertisement