'Iron' Mike Tyson sues adviser for $5m

Former world heavyweight boxing champion Mike Tyson is suing his financial adviser for allegedly embezzling more than $300,000 from him.

Tyson has accused one adviser at SFX Financial Advisory Management Enterprises of misappropriating his income and costing him millions in potential future earning, according to several news outlets in the US. A lawsuit claims that, although SFX has returned some of the money, it is short of returning what it embezzled. Tyson is seeking more than $5m in damages, claiming breach of fiduciary duty, negligent hiring, unjust enrichment and other charges. "Defendants did not secure, protect, safeguard and appropriately apply the Tysons' finances for their intended purposes," the retired ...