Jas Mathur, chief executive of the company Manny Pacquiao Promotions, filed a legal action before the Superior Court of the State of California against Jona Rechnitz, who served as the business manager of boxing figure Floyd Mayweather Jr., and his father, Robert Rechnitz.

The judicial appeal supports accusations of fraud, breach of fiduciary duties, violation of prior agreements and misappropriation of assets over a period of almost ten years.

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The plaintiff's legal representation, led by the firm Kendall Brill & Kelly LLP, requests financial compensation in excess of $8.3 million, in addition to punitive damages, interest and corresponding legal fees.

Judicial record and pattern of irregularities

The file details that the financial disagreements between the parties date back to 2019, when a formal conciliation agreement was signed to settle previous claims.

According to the complaint, Rechnitz breached the terms of that agreement after attributing himself to Mathur's luxury goods through unsubstantiated claims.

The actions indicated in the document are related to the background of the defendant, who in 2016 pleaded guilty in federal courts to bribery charges linked to officials of the New York Police Department.

Scheme with haute horlogerie pieces and unauthorized checks

The maneuvers described in the legal document include the use of a blank check signed by boxing figure Floyd Mayweather Jr. for the purpose of removing five high-value watches belonging to Mathur. The lawsuit maintains that the defendant claimed to make the purchase in the boxer's name to later pawn the pieces and settle personal debts, admitting in writing that the issuance of the check did not have the athlete's authorization. This pattern of conduct coincides with legal actions taken independently by Floyd Mayweather Jr. himself, who filed a lawsuit against Rechnitz in May 2026 seeking restitution estimated at $175 million.

Unfinished banking commitments and trade retaliation

The complaint also documents efforts regarding alleged transfers from a trust account at Bank of America managed by Alexander Seligson. Despite the presentation of bank statements and the promise to release the funds to the plaintiff, the transactions never came to fruition.

After constant claims for the amounts owed, the lawsuit maintains that Rechnitz instructed a commercial credit institution to seize and subsequently auction a Ferrari car valued at one million dollars. These operations also include the active participation of Robert Rechnitz, who personally guaranteed the payment dates and the release of resources from real estate investments in New York.

Channeling of funds and suspension of the main billboard

The transfers linked to the unfulfilled agreement were channeled through the firm Frist Apex Ventures, directed by Ayal Frist. This structure operated as the financial entity linked to Floyd Mayweather Jr. in his contractual commitments, being used by the defendant as a channel for the movement of capital.

The impact of these legal disputes has led to the indefinite suspension of the rematch between Manny Pacquiao and Floyd Mayweather Jr., which was scheduled for September 2026. When evaluating the administrative scenario, Jas Mathur explained the irregularities in the digital program Inside The Ring, stating that “the broadcast rights of the fight were sold to two different companies simultaneously,” while noting that the accused “retained an advance of the fighter's guaranteed purse from a external lender” for their personal benefit.

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