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Solid Gold Soul

September 21, 2009

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MAYWEATHER WINS BUT WAS HIT WITH A ONE TWO PUNCH

Floyd Mayweather

Floyd Mayweather

Before his dominating win over Juan Manuel Marquez Saturday night, Floyd Mayweather Jr. was hit with two lawsuits totaling nearly $177,000 — both over unpaid bills.
A law firm in Las Vegas claims the boxer has yet to pay up for real estate work executed on his behalf in recent months, reports TMZ.com. They are suing for $10,000 — plus interest and costs.

The Las Vegas Sun reports that JP Morgan Chase Bank sued the fighter in Clark County District Court on Wednesday (Sept. 16) claiming he owes more than $167,000 on an auto loan that is in default

The suit shows that in April 2007, Mayweather borrowed $415,695 to finance the purchase for $512,184 of a Mercedes Maybach 57S from dealer Fletcher Jones Imports in Las Vegas. The contract called for an interest rate of 16 percent and 72 monthly payments of $9,077, which the lawsuit said Mayweather failed to make beginning in February 2008.

Court records indicate the bank repossessed the vehicle in January 2009, when the past-due balance had grown to $36,309 and the balance due was $363,000. After the bank sold the Maybach for $196,000, JP Morgan Chase said that as of March, Mayweather still owed $167,192 on the contract, plus unspecified legal expenses.


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