I am sure a lot of “advisers” got rich off Mike Tyson. There was a time in Tyson’s life, that he wasn’t paying much attention to anything that was happening to his cash.
In this case, Tyson has some proof his managers were stealing money, so he is trying to recover some of it.
TMZ reports that SFX Financial Advisory Management Enterprises executive Brian Ourand allegedly embezzled more than $300,000 from the Tysons and set the former boxer and his wife back $5 million.
According to court documents, Tyson said SFX admitted that Ourand embezzled the $300,000 and that he returned a portion of the money. And then SFX tried to get the Tysons to sign a settlement.
Ourand also managed Allen Iverson’s money, for a time as well.