floyd mayweather

Ponzi Schemer's Loot Brings In $5.8 Million

Those affected by Florida Ponzi schemer Scott Rothstein's machinations got a little justice this week in the form of a total of $5.8 million brought in by an auction of Rothstein's toys at the Broward County Convention Center. The Sun-Sentinel reports there was such a big turnout for the affair that the auction started almost two hours late. Up for sale were Rothstein's luxury cars including a Bugatti, a Lamborghini Murcielago, a '67 Corvette Stingray, a Bentley, a Rolls Royce, a Mercedes McLaren, a Maserati and a pair of Ferraris.

There were a total of 17 lots and in little over an hour 11 cars, four yachts and two Wave Runners were snapped up by new owners. Rothstein's 87-foot Warren yacht, the Princess Kimberly, went for $2.51 million. The Bugatti, which Rothstein paid $1.5 million for was sold for $858,000. The $5.8 million will be added to the restitution fund for victims of Rothstein's $1.4 billion investment fraud scheme.

Tags: floyd mayweather, Ponzi Scheme, ponzi schemer, ponzi schemes, scott rothstein

Boxer Loses Million-Dollar Jewels In Home Robbery

by Deidre Woollard (RSS feed) —

Boxing champ Floyd Mayweather may be dressing a little plainly lately. Last month burglars broke in to his Las Vegas home, and, according to the pugilist, made off with around $7 million in jewelry. The home was empty when a window between the master bedroom and pool area was smashed and the valuables were stolen. The security camera footage has been little help in ascertaining the identity of the four bandits who broke in.

As David Mayo of the Grand Rapids Press notes, last year on HBO Mayweather demonstrated that he doesn't believe in credit cards and believes in liquidity, shocking the camera crew by showing off $1 million in cash stored in a duffle bag in his bedroom. Mayweather is notoriously spendy, wearing flashy jewelry, giving lavish tips and gambling big on sporting events but after this he will likely be a lot more careful about where he stores his bling.

Tags: boxing, floyd mayweather, FloydMayweather, jewels, las vegas, LasVegas, theft