Famed boxer and megastar Floyd Mayweather has filed a lawsuit against a Las Vegas car dealer over allegations of fraud in a $1.2 million Maybach Landaulet transaction. The lawsuit claims the dealer misrepresented key aspects of the vehicle, including its title, odometer, and compliance with U.S. regulations, leading to a financial loss of over $500,000 for Mayweather.
Mayweather, known for his iconic 50-0 boxing record and a career that generated over $1 billion in revenue, has long been associated with high-profile purchases and extravagant spending habits. His legal action against the dealer comes as part of a broader pattern of his public engagement in various ventures, including his recent social media activity that documented his spending spree at the dealership in question.
The dispute gained traction when Mayweather shared a screenshot of a TMZ article on his Instagram account, captioning it with a warning to others about the dealership’s business practices. According to TMZ, the dealer allegedly withheld critical vehicle documentation, including title, odometer, certification, and compliance certificates, suggesting the car’s legitimacy and value were in question. Mayweather’s team reportedly conducted extensive due diligence, revealing that the car’s true value was significantly lower than what was quoted, leading to the financial discrepancy.
Mayweather’s attorney emphasized the materiality of the missing documentation, stating that these elements are crucial for the legality and transparency of the sale. The situation has further sparked public interest in the commercial practices of high-end car dealerships and the challenges of verifying vehicle authenticity and value in such transactions. The case could set a precedent for similar disputes involving luxury vehicle purchases and the importance of thorough due diligence in high-stakes transactions.