US EditionMike Tyson and WWE Legend Ric Flair Sue Ex-Cannabis Business Partners for $50 Million Amid Alleged Financial Misconduct
Mike Tyson and Ric Flair allege a RICO conspiracy including wire fraud and embezzlement by former executives, seeking over $50 million in damages and fees.
- Last week, attorneys for Mike Tyson and Ric Flair filed a 76‑page federal complaint in the U.S. District Court for the Northern District of Illinois through Carma HoldCo Inc. and LGNDS.
- The complaint names several former executives and a shareholder of Carma, alleging a `brazen RICO conspiracy` involving wire fraud, embezzlement, money laundering, extortion, and securities fraud.
- Allegations include unauthorized sales of licensing rights by Bronstein, Wilks, and Cosby, Wilks’s concealed kickbacks from vape company DomPen, and misuse of more than $1 million in company funds.
- Plaintiffs have requested a jury trial and seek damages and legal fees, while defendants' attorneys strongly denied the allegations, calling the complaint `fiction dressed up as a lawsuit` and `without substance`.
- The case highlights governance risks in celebrity-backed cannabis ventures like Tyson 2.0 and Ric Flair Drip, and may prompt closer scrutiny of licensing partnerships and brand deals.
12 Articles
12 Articles
Mike Tyson and WWE legend Ric Flair sue ex-cannabis business partners for $50 million amid alleged financial misconduct
Mike Tyson and Ric Flair have submitted a lawsuit seeking $50 million in damages and legal fees related to their former cannabis company, Carma HoldCo Inc, reports The New York Post.
Mike Tyson Teams Up With WWE Legend To Sue Cannabis Company For $50 Million
The Secret Santa for the legendary boxer, Mike Tyson, comes in a twisted form of a civil lawsuit for $50 million. As ridiculous as this may sound, sports fans are in for a surprise after Tyson crossed paths with WWE icon Ric Flair to stomp cannabis licensing company Carma HoldCo Inc. for embezzlement charges. Mike Tyson, who co-founded Carma HoldCo Inc. as a ‘house of brands’ for cannabis and lifestyle products, stepped up as CEO earlier this ye…
Mike Tyson, Ric Flair sue cannabis company for $50 million for alleged embezzlement scheme
Mike Tyson thinks he is on the wrong end of an embezzlement scheme. Tyson, along with former pro wrestler Ric Flair, submitted a lawsuit related to their former cannabis licensing company, Carma HoldCo Inc.
Mike Tyson and Ric Flair Hit Former Cannabis Company Execs with $50M RICO Lawsuit, Claim Former Partners Turned Business Into Personal Piggy Bank
Boxing legend Mike Tyson and wrestling icon Ric Flair are tag-teaming outside the ring, filing a massive lawsuit against former business partners in a cannabis venture that went up in smoke. RIYADH, SAUDI ARABIA – FEBRUARY 26: Former Boxer Mike Tyson looks on prior to the Cruiserweight Title fight between Jake Paul and Tommy Fury at the Diriyah Arena on February 26, 2023 in Riyadh, Saudi Arabia. (Photo by Francois Nel/Getty Images) Tyson and Fla…
Mike Tyson and Ric Flair Sue Former Cannabis Partners
Photo Credit: Getty Images Mike Tyson and Ric Flair are taking their former cannabis partners to court. According to Front Office Sports, Tyson and Flair have sued several former executives and a shareholder of Carma for alleged fraud, breach of contract, and other claims in relation to the cannabis businesses that use their likenesses. The 21-count suit was filed last week in U.S. District Court in Illinois. It alleges Chad Bronstein, Adam Wilk…
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