Mayweather swindled of a huge chunk of cash

[Don Pichardo]

This definitely explains why he CAN'T KEEP CONOR'S NUTS OUT OF HIS MOUTH! Mentioning that man's name 3-5 times a day!!

LOOOOOOL.

Then he's like "I'm ready to fight ANY MMA star"!

Floyd is going broke again, just like he did after the Hatton fight, which is the only reason he returned to fight Marquez

No he can't keep his name out his mouth because he's drooling at the prospect of earning 100 mil for a real 36 minutes of work. Literally. He won't have to train for that. Just walk in the ring. Dodge a few shots. 36 minutes later he collects 100 mil plus.

[Awayfromhome]

hahahaha he has been reading old news - the story of three comma joe. According to Mayweathers assistant he got conned for $15 million.

I haven't made enough posts here to add the link but google Mayweather and three comma joe for a fun read.

[Flash13]

It took mayweather a year and a half to blow through 50m and be 6.3m in debt to the IRS in his last retirement so it's only a matter of time.

[Jim Tom]

Floyd has people, fcking ivy league educated, managing his money. He is also making more money promoting.. These flame threads are ridiculous, even if you are just an idiot and believe your article/ source.

"Those damn Harvard mba's, always squandering half a billion dollars with terrible investments. " never heard it..have u?

Moron. Stop.

Harvard MBAs work for their own interests and could have been the once who swindled him. Everyone works for his own interests especially when they know they can get away with it. To be successful in business you really need to know what's happening. The fact that you don't know this probably shows who the ****** is. FYI you might need to read more about the agency theory.

[Jim Tom]

What was it some Oceans 11 heist? I mean I heard he got took for something like 10M(?) which led to him coming back to fight Marquez, but how the f#ck do you scam someone outta the 9 digits he gots at this point? I'd imagine a lot of his net worth is invested in real estate among other things to begin with so it'd be hard to scam a guy outta a bunch of houses or apartment complexes.

It depends on how the real estate is financed and valued at acquisition time. It could be equity financed but overvalued and the extra values siphoned through some special purpose vehicles or he could have been told it was all equity financed when in fact it was all debt or various mixtures of. Another issue is, does he have any yield coming out or it's all capital gains which in some cases could not be much depending on initial valuation. So he could be paying his obligation without receiving consideration. There are so many ways things could be done but having an ignorant owner only makes it very easy to get away with it.

[billeau2]

Seems the "establishment" made the right choice not letting a serial rapist buy the network lol

Well....I do think Cosby is guilty but this issue is more complicated imo. Scary as it sounds there are a lot of "serial rapists" in that group and all of them can be comprimised when it suits their purposes. Its not even just conspiracy theories...at that time "Disco biscuits" and other such things were handed around like candy and many women were also subject to date rape.

[billeau2]

buying NBC is a whole different kettle of fish from owning a handful of businesses in your hometown, if we're being honest about it

Certain principles at play are different due to the size of the gold ring involved, lol the prize, but certain principles apply to both men and show a difference in folks who live in a middle class community and are basically sound in mind and body and sick individuals who are predators and really hate others.

One difference is that it is a smart decision for a man to go to a place he knows and establish simple businesses, not try to buy sexy things like networks... Although I don't think Cosby would have bombed if he bought NBC...But that was never going to happen.

[billeau2]

It depends on how the real estate is financed and valued at acquisition time. It could be equity financed but overvalued and the extra values siphoned through some special purpose vehicles or he could have been told it was all equity financed when in fact it was all debt or various mixtures of. Another issue is, does he have any yield coming out or it's all capital gains which in some cases could not be much depending on initial valuation. So he could be paying his obligation without receiving consideration. There are so many ways things could be done but having an ignorant owner only makes it very easy to get away with it.

These days with title companies this is harder to accomplish. It could be overvalued, but any leins would be discovered. Also, capital gain always is offset with depreciation in real estate. These problems occured a lot in the 80's. There are of course situations like people buying "site unseen" whole blocks in Detroit, for example

[Lomasexual]

Fair is fair.

Floyd swindled his fans and parted those fools from their money. Now someone returned the favour.

[Furn]

... you can write off gambling winnings/losses if 1) you are a regular gambler and 2)can effectvely log all of your bets.

Hobby business expense, If I'm correct, is where you'd find the line in the tax code.

You have to have an income to write off anything.

Floyd is retired.