21 February 2013 10:17 AM, PST | National Ledger | See recent National Ledger news »

Mike Tyson has filed a lawsuit agains a finical advisory group claiming their bad advice forced him to mortgage his home for debt settlement. According to a TMZ.Com report, Tyson filed the suit against SFX Financial Advisory Management Enterprises and claims SFX advisor Brian Ourand skimmed money from his accounts and eventual cost the former heavyweight champion $5 million. SFX is a financial services firm owned by Live Nation The former boxer also claims Ourand purposely gave them "deceptive and faulty financial advice." TMZ reports: According to the suit, Ourand has quite the pedigree -- having represented several other superstar athletes like Allen Iverson, Dikembe Mutombo, and Juwan Howard. Tyson, and his attorney Mark Geragos, claim Ourand's scheme, which they discovered in 2011, has stopped Tyson from digging out of the bankruptcy he filed 10 years ago -- and set him back $5 mil. Live Nation Entertainment Inc. said it had not yet »

Report a problem



Similar News Items

Mike Tyson (I)
Tyson (2008)
Mark Geragos


IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.

See our NewsDesk partners