Legendary boxer Mike Tyson and professional wrestling icon Ric Flair’s attempts to launch celebrity cannabis brands resulted in “a brazen … conspiracy involving criminal wire fraud, embezzlement (and) money laundering,” the pair alleged in a federal lawsuit filed last month.
Tyson and Flair are the lead plaintiffs in a 76-page complaint filed Dec. 19 in U.S. District Court in Illinois that accuses four former executives and shareholders in Carma, a Chicago-based branding company that’s also a plaintiff, of “defrauding” the celebrities and using the firm “as their own personal piggy bank.”
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The suit alleges 21 separate counts of fraud and breach of contract. It seeks damages, legal fees and costs “in excess of $50 million.”
Additionally, according to the suit, the former executives at
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