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Mike Tyson

Money Men KO'd My

Wallet For $5 MILLION!!

2/20/2013 5:05 PM PST BY TMZ STAFF
EXCLUSIVE

0220-mike-tyson-tmzMike Tyson and his wife are suing financial advisors they claim embezzled more than $300,000 from them ... and ultimately cost them around $5 million.

Tyson filed the suit against SFX Financial Advisory Management Enterprises today in L.A. -- and in the docs, obtained by TMZ, he claims SFX advisor Brian Ourand siphoned off the money from his accounts.

Additionally, the Tysons claim Ourand purposely gave them "deceptive and faulty financial advice."

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.

For example, in the lawsuit, Tyson claims the embezzlement forced him to mortgage his house to pay bankruptcy lawyers -- and he also had to borrow money to pay the IRS.

In the docs, Tyson says SFX admitted Ourand embezzled the $300k ... returned a portion of the funds -- and then tried to get the Tysons to sign a settlement.

The Tysons turned down that offer ... and are now suing SFX and Ourand for the $5 mil.

Ourand no longer works for SFX, and according to the docs he's living comfortably in Miami and working for another financial advisory firm.

We've called Ourand for comment, but no word back yet.

For more sports stories, check out tmzsports.com!
43 COMMENTS

No Avatar
1.

Most H8d     

He's got it. All he can't afford beat it out of rich folks

423 days ago
2.

KittyKittyKitty    

Yikes!

423 days ago
3.

BaadBoy    

Life-Lesson #3 - Never hire someone else to count your money.

423 days ago
4.

Nostradamus    

Poor Mike ain't too bright.

423 days ago
5.

Mrugowsky    

Of course he lost/stole money he was a gentile accountant.

423 days ago
6.

(◉_◉) Brush Your Teeth (◉_◉)    

"A Fool & His Money Are Soon Parted."

423 days ago
7.

MsRichards    

Can't stand this rapist, woman beating crackhead retard .. And he's a closet homo cause instead of fighting Holyfield he tried to nibble his ear.

423 days ago
8.

Jsmiley    

Leave this man alone, this story doesnt involve or affect us...

423 days ago
9.

Jeffrey dauhmer    

Hunkeys always srealing,and blaming everyone else...****ing crooks steal everything..kill whitey

423 days ago
10.

Itoldu    

You stupid bastards,the N-word is spelled ******,not *****,like the country.Or *****ian,in referring to those scams.
I can't believe how stupid your employees are.
What ****ing college,if ANY,did they go to?????

423 days ago
11.

Itoldu    

I just added a comment.
I wrote *****ian,as the scams comming from the country of *****IA. Catfish scams,money scams,etc.
Apparently TMZ employees are not educated to know the difference.
Harvey, Really??

423 days ago
12.

KicksandGiggles    

Go get em' Mike!! Pretend Ourand's azz is an ear and take a chunk out of it!!! I hate thieves!!!

423 days ago
13.

lola    

these are all lies. he is looking for attention because he is broke

423 days ago
14.

O-Dog2GX    

It's probably $1Bill+ over the past 25-30 yrs he's been played out of.

423 days ago
15.

mrharrybawls2012    

Mike Tyson is a complete Loser. Suprised the moron is still alive. Hey Mikey, do us all a favour, hold a press conference and do a Budd Dwyer. Thanks in advance.

422 days ago
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