Boxing Legend Mayweather Alleges $340M Fraud Scheme In Lawsuit Against Showtime
Boxing champion Floyd Mayweather Jr. has filed a lawsuit in California court alleging that Showtime Networks and its former sports president Stephen Espinoza participated in an elaborate financial fraud scheme that resulted in more than $340 million of his funds becoming unaccounted for. The legal action claims the broadcaster knowingly aided Mayweather's former manager Al Haymon in what court documents describe as a long-running scheme involving misappropriation of funds and breaches of fiduciary duty.
Background and Context
The lawsuit emerges from Mayweather's long-standing business relationship with Haymon, who served as his manager and advisor during the peak of his boxing career. Showtime broadcast numerous high-profile Mayweather fights as part of their sports programming partnership. According to court filings obtained by TheWrap, the alleged financial misconduct occurred over an extended period during which Mayweather's fighting career generated hundreds of millions in revenue.
Key Figures and Entities
The litigation names several central parties: Floyd Mayweather Jr., the undefeated boxer and complainant; Al Haymon, identified as Mayweather's former manager and alleged architect of the scheme; Showtime Networks, the media company accused of participation; and Stephen Espinoza, former president of Showtime Sports. Court records suggest that Espinoza and Showtime provided "knowing and substantial participation" in the alleged fraud, though specific details of their involvement remain under seal in the ongoing proceedings.
Legal and Financial Mechanisms
According to the lawsuit filings, the alleged scheme involved systematic diversion of Mayweather's earnings through complex financial arrangements. The complaint, which was reviewed by journalists, describes how funds were allegedly misappropriated through what plaintiffs characterize as breaches of fiduciary duty and conspiracy. The $340 million figure represents funds that Mayweather claims were improperly handled or diverted without his authorization. Legal documents indicate the financial mechanisms involved multiple transactions across Mayweather's business empire, though complete details have not been made public.
International Implications and Policy Response
The case highlights ongoing concerns about financial oversight in professional sports and entertainment industries, where athletes often rely on complex management structures. Legal experts note that such cases could prompt greater scrutiny of athlete-manager relationships and media companies' roles in talent management. The lawsuit's substantial claim amount and involvement of major media entities may influence how future contracts between athletes and broadcasters are structured, particularly regarding financial oversight and transparency requirements.
Sources
This report draws on court filings in California Superior Court, coverage by TheWrap, and related reporting on sports litigation. The lawsuit documents were obtained and reviewed by entertainment industry journalists in February 2026.
