Comments Thread For: Mayweather Seeking $61 Million From Bankrupt Casino

[whoseyourdaddy]

At the least Floyd will get his initial investment back. Judges have to protect investors otherwise nobody would lend anybody a dollar. So hows Mannys baseless defermation suit going? 3 years ago you P@ctards had Manny living in Floyds big boy mansion.

Do you know How much money People is getting back from Benie Madoff and his "investmants"? not a thing!!!!!! I think Mayweather has been defrauded.....@ least I hope he learn his lesson.

[combatron]

he'll get the principal back eventually.

the crazy interest he'll likely never see paid back.

i hope he does but if theres nothing left then thats just how it is , sometimes you win sometimes you lose

investment and floyd just dont mix well

[V.WEBB]

how is this making floyd look good?....loaned 4 mil and wants 61 mil back? ..lol

LOL at you taking the bait, puga.

[Pacdbest]

i hope he does but if theres nothing left then thats just how it is , sometimes you win sometimes you lose

investment and floyd just dont mix well

I hope Floyd got something left coz he still has to Pay Pacquiao Millions of $$$ for defamation. Then He got his Lawyers and ex wife to be paid as well!

[edgarg]

if they need cash and they cant qualify for anything else from a legitimate bank.
they were probably buying themselves some time. this was probably what they found to be their only option

floyd basically acted as a loan shark. if you're late on your payment with those guys the interest rates become insane.

horrible decision, obviously, as they couldn't pay him.
idiots.




hell, you guys ever heard of western sky? the native american loan commercials you see on television?
"up to $10,000 in your bank account by tomorrow?"
those loans are in the 80% apr range if you borrow 10 grand.

hell, if you borrow 500, you have a 350 dollar loan fee, and 300% APR

the payments are 150 and there are 12 of them

****** loans that are easy to qualify for are out there. they're likely utilized by almost exclusively ****** people.


people do dumb stuff for cash flow. they feel like it will save them.

floyd mayweather was probably responsible in creating this loan, as insane as the loan is for both parties. he's got to get a lawyer to write up a contract that will cover all of his bases in making sure things are done legally. it's not like he's just having dinner with these guys and shaking hands and expecting they're good for the money.



there's no way in hell he's getting 60 million from these men...
where the hell are they getting 60 if they cant afford his four or five?

nobody comes out of the woodwork to pay 60 million dollars. these casino people will never come close to making that back in their lifetimes ...

I think you're right.The $100,000 a DAY comes to around $3 mill a MONTH, that is $36 mill a year, which is 900% interest. Simple interest that is, if compounded I hate to think about it. I don't think an interest like this was ever made in the civilised world. So our dear friend can say he broke another "record" to go with the phony $32 miil self "guarantee" to beat Tyson's $31 mill.

Unless he's a secured creditor, meaning, that he get's one of the first payouts, he won't get more than a few dollars-after the mess is cleared up in, say, the next 5-10 years. Anyone even straight out of a law correspondence course could have that whole disgusting debt annulled. I'm sure there must be laws against such an enormous scam. Probably in the Constitution somewhere, maybe under "nefarious usurious practices".

At the same time, I'd bet that the $4 mill (if actually loaned) was never used in the business but probably by the guy who borrowed it, for his own use. The casino lawyers so far, have not been able to trace it in their accounts as received.

[DeadLikeMe]

There are a bunch of other Atlanta area celebrities also suing this same Casino.

[edgarg]

There are a bunch of other Atlanta area celebrities also suing this same Casino.

I think they should be called "celdumbrities". The fans' (mostly)hard-earned cash ending up in the hands of casinos..... There's going to be a field day for the shysters, who'll likely get most or all of whatever's left.

[Hitman932]

I think they should be called "celdumbrities". The fans' (mostly)hard-earned cash ending up in the hands of casinos..... There's going to be a field day for the shysters, who'll likely get most or all of whatever's left.

You mean to say that if you had 100 million dollars in the bank you wouldn't be investing it into propping up failing Las Vegas Bingo Halls? Seems like the type of investment that Warran Buffett would jump at!

[BadBrains]

For those of you guys who have taken law classes before, Mayweather won't be getting much since the casino filed for bankruptcy.

[jtcs1981]

Financing other business and getting a promise to pay that quick, is not an Investment. It is a loan and a ****** one. No collateral? Getting promises of payments of same year back payment? Those are bad decisions by whoever advise Floyd to lend that money. He lost $4 million dollars because he probably was listening to the wrong people. Bad for him. Good luck next time.