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Manny Pacquiao Promotions Ceo Jas Mathur Sues Floyd
Mayweather Jr.'s Former Business Manager
$8.3 Million Fraud Lawsuit Accuses Father-Son Duo of
Orchestrating a Decade-Long Scheme of Fraud, Theft, and
Betrayal
Jas Mathur, Chief Executive Officer of Manny Pacquiao
Promotions, has filed a bombshell lawsuit in California
Superior Court against Jona Rechnitz, the former business
manager to boxing icon Floyd Mayweather Jr., and Rechnitz's
father, Robert Rechnitz. The complaint accuses the
father-son duo of orchestrating a systematic and deliberate
scheme of fraud, breach of fiduciary duty, breach of a prior
settlement agreement, conversion of assets, and theft that
spanned nearly a decade. Mathur is seeking recovery of
damages in excess of $8.3 million, together with punitive
damages, prejudgment and post-judgment interest, and
reasonable attorney's fees and costs.
Mathur is represented by Jeff Chemerinsky and Andrew Choi of
the nationally recognized law firm Kendall Brill & Kelly
LLP.
According to the complaint, Rechnitz ran a calculated and
relentless playbook of lies, broken promises, and outright
theft, siphoning millions of dollars in cash, luxury assets,
and business opportunities from Mathur while serving as his
trusted fiduciary.
A Convicted Felon with a Documented History of Betrayal
Rechnitz is no stranger to scandal. In 2016, he pleaded
guilty to federal bribery charges tied to one of the largest
corruption scandals in the history of the New York Police
Department, a conviction the complaint alleges foreshadowed
the very playbook he would later run on Mathur.
The fraudulent conduct at issue in this litigation closely
mirrors Rechnitz's prior criminal activity, exposing a
calculated modus operandi built on exploiting the trust of
business associates.
A Decade of Deception, and a Broken Promise to Make It Right
The complaint alleges that Rechnitz's pattern of defrauding
Mathur dates back to at least 2019. Following an earlier
series of disputes between the two men, Rechnitz signed a
formal settlement agreement intended to fully and finally
resolve every outstanding claim, only to breach that very
agreement and abandon his obligations under it. In the
interim, the complaint alleges, Rechnitz helped himself to
additional luxury assets, including the watches detailed
below, from Mathur under false pretenses, in violation of
both the settlement agreement and his fiduciary duties.
Stolen Timepieces and a Pattern of Pawning
Among the most brazen acts detailed in the complaint,
Rechnitz allegedly used a blank check signed by Floyd
Mayweather Jr. to walk off with luxury timepieces belonging
to Mathur. Rechnitz claimed five high-value watches were
being purchased on Mayweather's behalf, then pawned the
items outright, later admitting in writing that Mayweather
never authorized the check. Mathur has since learned that
Rechnitz pawned the watches to cover his own separate,
unrelated debts to Mayweather, and has confirmed with other
jewelers that Rechnitz ran the identical scheme on them,
taking their merchandise under the same false pretense
before pawning it for his own benefit. The pattern
corroborates a wider scheme of fraud extending well beyond
this case, and closely parallels allegations Mayweather
himself is now pursuing against Rechnitz in a separate
lawsuit filed in May 2026 seeking recovery of approximately
$175 million.
Real Money, Real Accounts, Broken Promises
The complaint also details representations Rechnitz made
about funds he claimed were on their way to Mathur from a
separate trust account. Rechnitz showed Mathur real Bank of
America statements for the trust and, on multiple occasions,
logged into the account directly in front of him. The
trustee of the account was Alexander Seligson, a New
York-based individual separately named in Mayweather's
pending lawsuit against Rechnitz. Time and again, Rechnitz
promised the funds were being arranged for transfer, citing
trips back and forth to New York to get it done, but the
payday never came.
Retaliation: Coming After Mathur's Ferrari
When Mathur demanded to be paid, the complaint alleges
Rechnitz turned vindictive, targeting the one asset
guaranteed to hurt. According to the complaint, Rechnitz
intentionally directed a commercial lender to seize and
liquidate Mathur's $1 million Ferrari, a calculated act of
retaliation for Mathur simply demanding what he was owed.
Robert Rechnitz: Not a Bystander, But a Player
The complaint alleges that Robert Rechnitz, Jona's father,
was no passive guarantor sitting on the sidelines; he was an
active, hands-on participant in the scheme, and is named as
a defendant in the lawsuit. According to the complaint,
Robert Rechnitz personally telephoned Mathur to commit to
specific dates on which Jona would make payment. He further
inserted himself directly into the transaction, representing
to Mathur that funds owed to him were being released through
a real estate developer in New York, personally guaranteeing
those funds, and asking Mathur to be patient for a matter of
days while the funds were secured. That personal guarantee,
like everything else Rechnitz promised, ultimately proved
worthless.
Frist Apex Ventures: Rechnitz's Personal Piggy Bank
The complaint also names Ayal Frist and his entity, Frist
Apex Ventures, as central to the scheme. According to the
complaint, Frist Apex Ventures served as Mayweather's
loan-out entity and appears on Mayweather's fight
agreements, including those connected to the Tyson and
Pacquiao fight disputes. The complaint alleges that the
funds owed to Mathur under the breached settlement agreement
were funneled through Frist Apex Ventures, as were monies
designated for the fights themselves, with Rechnitz treating
Frist and Frist Apex Ventures as his own personal bank
account and financial conduit. The complaint further alleges
this was nothing new: Rechnitz previously ran the same play
through similar entities, including Levin Prado and TYH 26
LLC.
Collateral Damage: A Superfight Sidelined
The legal fallout from Rechnitz's alleged conduct has
already claimed a high-profile casualty. The eagerly
anticipated rematch between Manny Pacquiao and Floyd
Mayweather Jr., originally scheduled for September 2026, has
been postponed indefinitely amid the mounting legal and
financial disputes triggered by Rechnitz's misconduct.
Mathur has also gone public with additional allegations of
financial misconduct tied to the rematch. In an interview on
the YouTube program "Inside The Ring," Mathur stated that
Rechnitz double-sold rights to the fight to two separate
parties, pocketing payment from both, and separately
siphoned off an advance on Mayweather's fight purse from a
third-party lender.
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