Floyd Mayweather Went Broke & Scammed His Manager For $400 Million?

Added: 2026-06-01

[00:00:00]Floyd Mayweather, we got some more info.

[00:00:01]You know, Flakko, that's a real That's a real journalist right here. Do your homework on a journalist right here.

[00:00:07]Shout out to me.

[00:00:09]>> Worldstar now that Floyd Mayweather is having severe money issue, maybe disgustingly broke, and owes a lot of debt after he filed his lawsuit against his ex-financial advisor. Now, the dude that he's suing, his name is like John Ruschnitz. This dude is like an absolute fraudster, a scammer. He's currently ordered to serve 5 months in prison for scamming. However, he's been cooperating with the feds for a long time.

[00:00:34]>> But he is fighting the sentence. Oh, okay.

[00:00:36]>> to serve 5 months in prison for scamming. However, he's been cooperating with the feds for a long time, so they gave him like a lenient sentence. Now, when John Ruschnitz responded back to Floyd Mayweather, who just sued him and other defendants for $175 million that they stole from him, uh they >> Let me ask you a question though.

[00:00:54]This just a This just a real question. How you going to sue some [ __ ] for $175 million if they don't have $175 million?

[00:01:03]How that work?

[00:01:05]How you going to sue a broke [ __ ] You know what I'm saying? You said you wanted What you think they robbed you for the $175 million and they kept all the money in the in the backyard under No, they they spent that [ __ ] What the [ __ ] Nope.

[00:01:22]They spent it. They spent it, Floyd. I don't think you going to get none of that back. You might get about 5, 6 years. I don't know.

[00:01:29]>> responded back. And they said, uh "We have thoroughly reviewed Mr. Mayweather's lawsuit." And this is again the lawyer for all of the defendants.

[00:01:38]>> Oh, okay.

[00:01:38]>> "His claims against our clients are utterly baseless and refuted by substantial documentary evidence, including Floyd's own correspondence.

[00:01:46]Our clients intend to vigorously defend against these claims and are confident that once all of the facts are presented in court, not only will our clients be vindicated, but again, this is where it gets bad for Floyd, right? Cuz now they're threatening Floyd. Right, they says, "Yo, not only will our clients be vindicated, but Floyd's gambling issues, prolific spending habits, monies owed to third-party creditors, IRS tax liens and levies >> Now, I'mma tell you why this is crazy, everything he's saying, because lawyers know that he could get sued for just saying this if he's speculating. He could get sued for defamation of character. So, let's look at what he said. He said this as a fact.

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[00:03:39]>> Once not only will our clients be vindicated, Mr. Mayweather's gambling issues, prolific spending habits, monies owed to third-party creditors, and IRS tax liens and levies, as well as unseemly unseemly behavior will be exposed, and we that Mr. Mayweather will be the one paying significant damages.

[00:03:56]>> As well as other unseemly behavior will be exposed and we believe that Mr. Mayweather will be the one paying significant damages to our client the Rap Addict.

[00:04:06]So Floyd Mayweather is broke, right? He owes a lot of money that he can't pay back. So Floyd is broke. He owes a lot of money to a lot of people and because those debt is currently due and he don't have the money to pay it, he's now trying to collect any money he believes is owed to him. Right.

[00:04:22]>> But the people who he's trying to collect from is saying, "We don't owe this man any money. He spent it all." I don't feel bad for Floyd not one bit because Floyd had an opportunity, man, to be an example to a lot of young men, a lot of young black men who follow him.

[00:04:35]Floyd could have been an example of how to come from a certain environment, make a billion dollars in his career as he did, and put in the smart investments.

[00:04:43]But instead, Floyd Mayweather decided he was going to be a symbol for opulence, right? He was going to be a symbol for flexing. And instead of showing these young men how to invest, how to save your money, how to be modest, Floyd Mayweather wanted to show an example of how to be flashy, right? How to flex money, how to flash money.

[00:05:00]>> Yeah, but he I remember he he was on uh [ __ ] Million Dollar Worth of Game. I thought he was always a smart [ __ ] Cuz the way he talked, he was like, "You know, I got skyscraper I own skyscrapers in New York. I get a $500,000 check that comes on the 1st of every month or 13th of every month. I get this. I get that. I get this." So I don't know if that [ __ ] just fell off or something or like something happened like that or if he really did get scammed.

[00:05:24]>> habit, right, has cost him everything.

[00:05:27]Now he has probably nothing left by Floyd Mayweather standards. Now to a lot of people, Floyd being broke is new to them. Like it's a surprise. I been knew Floyd was broke. The signs were there. I mean, you don't even have to look for signs. People around Floyd was telling us Floyd was broke for years.

[00:05:43]>> The guy is in financial straits. You know, [laughter] he was very flamboyant and flashy with a lot of his money and it almost seemed like impossible even [music] if he lost a lot of it. How can he actually go broke? Well, I know he lost 8 million on a house in Vegas, 54 million in loans, another house of his just got foreclosed on. What? He sold his plane, Logan Paul says he owes him like 1.2 million. He also owes Dubai royalty money. He's underwater with the IRS.

[00:06:12]>> That is terrible.

[00:06:14]>> That's terrible.

[00:06:14]>> The white folks in Hollywood, they polite. They move polite. Especially if you got some power, they going to kiss the ring.

[00:06:21]First off, if them white folks is done being polite and they telling all your business on a podcast, they no longer respect you.

[00:06:27]>> It's bad.

[00:06:28]>> longer think you got anything worth to kiss the ring.

[00:06:30]>> Right. And they know what to do.

[00:06:32]>> got to be true and drastic.

[00:06:34]>> Right.

[00:06:34]>> Cuz them white folks care about defamation. So, if they >> That's the same thing I just said.

[00:06:40]Especially these lawyers. These lawyers talking like, yeah, oh, we know that for sure. We know that's a fact. Yeah, try to sue me if you want to. I'll prove it.

[00:06:47]Try to sue me.

[00:06:48]>> Telling this, it got to be true. First, you made almost a billion dollars. Why are you borrowing 55 plus million dollars? Why?

[00:06:56]>> I don't know.

[00:06:57]>> Why you got three homes worth eight like why?

[00:07:01]>> I don't know, bro.

[00:07:02]>> Why you got a private jet? Why you got 20 watches worth two million dollars each?

[00:07:07]>> Right.

[00:07:08]>> It doesn't make sense whatsoever.

[00:07:10]>> Private jet is cool. Private jet, nice house, bunch of cars, cool. That ain't a billion dollars. Do you know how much money a billion dollars is, my [ __ ] I want you to really understand how much a billion You have to spend 1 million dollars a thousand [ __ ] times to spend a billion dollars.

[00:07:40]You have to spend a hundred million dollars ten [ __ ] times to blow through a billion. How do you [ __ ] that up? I I will There's nothing inside of me. [ __ ] you could have left the money in the bank, [ __ ] You could have left it in a Let me show you something. Let me show you how [ __ ] simple it is. When you get When you're talking about this much money we're going to put We're going to do some Mag Mula Math, okay?

[00:08:07]magmulamath.com.

[00:08:09]Okay. One billion, right? This is one billion. [ __ ] one billion. [ __ ] one billion.

[00:08:14]All right. So, let's say the bank Let's say we put keep our [ __ ] in an account that gives us a 3%. Not that much, right? 3% return every year, okay?

[00:08:26]times point zero Oh, let's make it For all the slow kids, let's put just put 3% on there, okay? Hit equal. He would make thirty million dollars a year if he just kept the [ __ ] money in the account and didn't touch it. And still have the billion dollars, by the way. He would make thirteen That [ __ ] that is more than two million dollars a month. Bro, if you can't That's [ __ ] what the [ __ ] You can buy a new Ferrari, okay? Uh take a [ __ ] jet a halfway across the world, uh go to the French Riviera, get on the best boat, come home, sleep until noon for three days straight, wake up, eat the best food, pay your bills, and still have five 1.5 million dollars left a month.

[00:09:20]>> How do you [ __ ] this money Why are you owing the IRS and you are and you made almost a billion dollars?

[00:09:27]This comes from not only poor money management, bro.

[00:09:29]>> Come on, bro.

[00:09:30]>> Floyd Mayweather is one of the the sick individuals who actually get money but still want to prove to broke people they're rich.

[00:09:38]>> Mhm.

[00:09:39]>> Fam, news flash, bro. We know you. You Floyd. The brokies know you rich. You could pop up Floyd in some Sketchers >> Exactly.

[00:09:48]When nobody say [ __ ] >> Dickies pants >> When nobody say that.

[00:09:51]>> and a white tee.

[00:09:53]They going to know you Floyd Mayweather you rich. But for some reason Floyd Mayweather's like what in the [ __ ] like I never quite understood this.

[00:10:01]>> About people though.

[00:10:01]>> he's in this hole.

[00:10:03]>> Yeah. It's crazy.

[00:10:04]>> And now he's struggling in this fashion.

[00:10:06]>> It's crazy. It's like a let down [ __ ] I feel bad for >> it at all.

[00:10:09]>> Cuz I look up to that flash >> Especially because when Floyd Mayweather had the opportunity to come out and be honest and let the world know hey man, I'm broke. Kids don't be like me.

[00:10:18]>> Yeah, yeah, yeah.

[00:10:19]>> Floyd Mayweather decided he was going to try to deflect attention. So when news reports were coming out that he was broke, all of a sudden Floyd is making announcements that he just bought some $400 million apartments in Manhattan.

[00:10:33]Claiming he owned Manhattan.

[00:10:36]Now, this is not the first time. Now, Tasha K got the scoop that Floyd Mayweather is actually pawning his jewelry to get like that's how bad he is. I used to say yo, Floyd Mayweather ain't all broke, but if you were at a point where you were pawning your jewelry, you are all broke, bro.

[00:10:51]>> I ain't going to lie.

[00:10:52]>> You are all broke.

[00:10:54]>> Now, the first signs that Floyd was broke before we even get to the pawning jewelry, Floyd sued Showtime for unpaid payments.

[00:11:04]>> Mhm.

[00:11:04]>> Showtime responded back to his lawsuit like hold on, no. Like we paid you.

[00:11:08]>> Mhm.

[00:11:09]>> We paid your power of attorney that you told us to pay. It's not our fault he didn't pay you.

[00:11:13]>> Right.

[00:11:14]>> So that was the first sign that Floyd business was not all the way correct.

[00:11:17]>> ain't have any [ __ ] >> lost a lot of money.

[00:11:19]>> So last week we unwired Floyd Mayweather's >> understood why do these rich ass people be putting this much power in another strange [ __ ] hands with all this money.

[00:11:36][ __ ] you ain't paying me through no [ __ ] power of attorney. [ __ ] here go my route number, account number, name. [ __ ] is that?

[00:11:44]Address? You tripping. Here you go, pay me. Don't pay no [ __ ] attorney, [ __ ] Don't pay no power of attorney. I so you going to pay my and then he going to pay No, no, no, no, pay me.

[00:11:55]Pay me.

[00:11:56]Pay me. Hey, hey, you. Thank you. Pay me.

[00:11:59]You know what I'm saying? Pay me.

[00:12:02]Pay me. And even if I understand it sometimes some somehow some ways where like, you know what I'm saying? Like, you uh you make sure that you have good people around you that help you do business. So, they might take they get the money, take they cut, and then give you the rest. That happens.

[00:12:22]But, you always double-check. That's simple.

[00:12:25]Hey, Showtime.

[00:12:27]How much the check? 300 million? Okay.

[00:12:29]He posted take a little percentage of that. So, I'mma give him his few million. Okay, so how much I'm supposed to get out How much I'm supposed to get 300 million? Do the math on my phone real quick. So, I'm supposed to get in my account I'm supposed to get 297 million. So, if I don't get that, I know something wrong here. So, then I go to my attorney. He's like, "Hey, what are you Like, I don't understand how that I don't understand how that is.

[00:12:51]>> he refused to do it. And that's why he's suing Showtime right now for 350 million for giving his his manager in power of attorney, Al Haymon.

[00:13:00]>> So, this is the manager that allegedly was given permission from Floyd Mayweather to collect his winnings in cash and instructed businesses to pay his manager, Al Haymon, in cash.

[00:13:16]>> What you mean in cash? In money?

[00:13:18]>> And that uh Gervonta Davis Tank is looking for right now because he got his money and Floyd Mayweather's money and apparently he running down there chasing his mama down at the church uh for the money, okay?

[00:13:30]>> [laughter] >> This is the new age dying king. So, apparently he owe a lot of people a lot of money, okay? So, Floyd, you know when you go broke, you start looking for where the money went. You know, he'll be looking at all the [ __ ] all the private jets, all the cars, the watches, you know what I'm saying? He start looking, where did the money go? And so, he looked and found that apparently this guy stole $400 million, okay? But, he not suing the manager, he's suing Showtime. He's saying that Showtime shouldn't have gave it to him.

[00:14:01]>> [laughter] >> If I was Showtime >> I feel like a little mama watching her talk so I'm Floyd, stay out them folks courtroom, man. Stay out of them folks courtroom, man. You have wasted them folks time, bro. You have wasted money on attorneys.

[00:14:16]You think Showtime, a billion dollar company, ain't doing good business?

[00:14:20]>> Right.

[00:14:21]>> Now, you know damn well Al Haymon took that money. There he he took it all. You told him to pay him.

[00:14:27]And now you suing man, and stay out them folks courtroom, bro. You don't got the money, you can't afford to be in them courts courtroom playing these games you playing, man. If you already got money issues, the last folks you should be playing court games with is Showtime.

[00:14:43]Showtime is a billion dollar company with all their records up to date, all the accounting on point. You think you about to go to what? Like a courtroom and bully Showtime into paying you $350 million?

[00:14:56]All right, bro.

[00:14:57]All right, good luck, man. Good luck.

[00:15:00]Yo, Floyd is doing that thing that a lot of us do, and this is the first time I know Floyd is all broke. Do it Yo, when we go broke, when it's like the 31st and rent is due tomorrow and we don't got it we pack up this Xbox, we we pack you know, we pack up the wires and take this Xbox to the pawn shop.

[00:15:19]>> I'mma be honest though, y'all [ __ ] need to stop doing that. I ain't never did that.

[00:15:23]I ain't never did that. No offense intended, obvi, [ __ ] No, I ain't never did that. Even when I was broke, I had to pay my rent. I made sure I had rent by the [ __ ] the 31st. No, we going to have rent by the 27th.

[00:15:33]We going to have that. We going to have that. We going to pay it. If we don't have rent by the 25th or 27th, something like that, [ __ ] it's panic mode time.

[00:15:41]I'm not going to panic when I got to pay tomorrow. No.

[00:15:44]That's not smart.

[00:15:46]>> Let's get that 125 for it, then take the laptop, get that 135 for it.

[00:15:52]Right?

[00:15:53]Take the PC, get the probably 250 for it.

[00:15:55]>> I know what you mean, though.

[00:15:56]>> Bro, you it'll be really expensive.

[00:15:58]Right? Like 2,000 for most people.

[00:16:01]Right? So, you know, like you still about what?

[00:16:03]A thousand short?

[00:16:05]So, you start calling around. "Hey, bro, you owe me $25. Can I get that?"

[00:16:10]>> [laughter] >> "Hey, bro, remember when we was at McDonald's like 3 years ago, bro? And you know, and you know, I bought you a McChicken and you told me you was going to pay me back. Hey, bro, I need that 275. I need it, bro."

[00:16:21]"Hey, bro, I need it, bro. Hey, hey, gang, it's a smoke Hey, gang, it's smoke about this, bro. Hey, gang, I need that, bro. Bro, it's war about this 275, bro."

[00:16:33]By the time you got your Xbox in your hand in your vehicle on the way to the pawn shop, it's over. It's too late, bro.

[00:16:42]Apparently, that's where Floyd is currently at. Tasha [laughter] K got sources and got info that Floyd has been pawning valuable assets at a pawn shop and getting money back because he's strapped for cash.

[00:16:56]>> Everything's allegedly. Even my name's allegedly.

[00:16:59]And don't come saying that I shouldn't have gave the money to him. And this has been the routine. This has been your MO forever. You just want to stay distracted. You want to keep all these women around you. You want to go in and out of these white folks white folks stores acting like you buying new [ __ ] but you come about it of with a a bag or two, but then you had a Chinese waiting on you around the corner to put the fake Birkins on the uh on the plane. You know what I'm saying? You being held hostage over there in the UAE over in the money.

[00:17:25]>> Chill, bro. I can't watch I I can't watch I can't watch her talk. I'm sorry.

[00:17:29]I can't do it. I can't do it. I don't give a [ __ ] what she said or what social she got. I can't do it. I'm I'm a grown ass man. I'll be honest with you. I can't do it.