Tyson sues firm for embezzlement

Angeles

Mike Tyson is suing a financial services firm affiliated with Live Nation, claiming it cost him more than $5 million due to a former employee’s embezzlement and mismanagement.

The lawsuit filed Wednesday in Los Angeles claims an adviser from SFX Financial Advisory Management Enterprises embezzled more than $300,000 from the former heavyweight boxing champ. The suit claims the losses hindered Tyson and his wife from emerging from bankruptcy.