The undefeated former boxer Floyd Mayweather Jr. filed a lawsuit in Los Angeles Superior Court against the Showtime network. The athlete is claiming more than $340 million in misappropriated funds and financial damages. The lawsuit alleges a complex scheme of fraud and conspiracy that concealed his true earnings for years. According to Floyd Mayweather's legal team, unauthorized transactions and a network of hidden bank accounts were detected. Details of the financial accusation: The legal document implicates Stephen Espinoza, former head of Showtime Sports, as a key figure in the embezzlement. It is alleged that the boxer's money ended up in accounts controlled by his former advisor, Al Haymon. Mayweather Jr. claims that of the $1.2 billion he earned from his fights, at least $340 million is missing. He even maintains that the network still owes him $20 million for his 2015 fight against Andre Berto.

The Response Regarding the Lost Records

One of the most controversial points of the lawsuit is the alleged disappearance of financial documents. Floyd Mayweather's representatives requested access to the accounting records for the fights against Manny Pacquiao and Conor McGregor.

The network and those involved responded that these materials were lost during an alleged flood. For Floyd Mayweather Jr., this is a deliberate tactic to cover up the trail of misappropriated funds and damage his reputation.

Impact on the Boxer's Image

The 48-year-old boxer claims that these financial dealings sparked false rumors about his alleged personal bankruptcy. The lawsuit seeks to clear Floyd Mayweather's name and recover assets he believes were fraudulently taken from him. A spokesperson for Paramount, the network's parent company, rejected Floyd Mayweather's accusations. The company called the claims unfounded and said they would respond formally through the legal process.