Floyd Mayweather Jr., the boxing champion who may or may not be permanently retired has been accused of not paying for a necklace he took from a local Vegas jeweler.
Family owned “The Jewelers Inc” accuses in court filings that Mayweather paid $1 million when he bought the $3 million necklace consisting of 72 round-cut diamonds in September 2015, and that he made six subsequent $100,000 payments.
However, the lawsuit claims that he stopped payment on the Jewelry in May and refused to pay anymore payments.
The Jewelers Inc is a well-known local store opened in 1976, owned by Mordechai and Vicki Yerushalmi and has had many boxing legends over the years buy their jewelry. Icons like Larry Holmes to Mike Tyson are regularly of the store. Even Elvis was known to buy Jewelry from the Yerushalmis.
A person who answered the phone at The Jewelers of Las Vegas told PaceVegas that Mayweather refused their phone calls and despite repeated requests gave no reason for not paying for the jewelry.
They want the $1.4 million plus interest, damages for unjust enrichment, breach of agreement and bad faith, attorney’s fees and legal. Mayweather, 39, who often refers to himself as the “Money Man,” has an estimated net worth of $400 million and in 2015 topped Forbes’ annual list of the world’s highest-paid athletes, with $300 million in earnings that year.
No one from Mayweather’s company has been available to speak on the lawsuit.