Former world heavyweight champion Mike Tyson is hoping to kick off 2026 with a huge win in court.
Tyson, 59, is widely regarded as one of the most iconic boxers of all time. At 20 years old, he became the youngest boxer to win a heavyweight title. He then went on to simultaneously hold the International Boxing Federation (IBF), World Boxing Association (WBA) and World Boxing Council (WBC) titles.
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Earlier this week, Tyson made headlines for being involved in a 21-count lawsuit against Carma, a cannabis licensing company. He along with WWE legend Ric Flair have sued several former Carma executives for alleged fraud and breach of contract among other infractions.
The lawsuit claims that Carma participated in a “brazen RICO conspiracy involving criminal wire fraud, embezzlement, money laundering, and extortion, as well as securities fraud and shameless self-dealing that enriched the Defendants to the tune of tens of millions of dollars.”
“Throughout their time at CARMA, Bronstein and Wilks treated CARMA as their own personal piggy bank, using more than $1 million to pay for unauthorized personal travel on private jets, costs associated with Bronstein’s personal yacht, renovations to Bronstein’s personal residence, a mortgage payment for Wilks’ personal residence, and lavish entertainment expenditures for Wilks, including exorbitantly priced meals and travel expenditures, as well as excessive and unapproved compensation and bonuses,” a court filing stated, via the New York Post.
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Former champ Mike Tyson lay sprawled in the ropes last night in the fourth round of his fight with British heavyweight Danny Williams before more than 17,000 fans at Freedom Hall. Tyson untangled himself but could not get up before the referee’s count ended.© Pat McDonogh / Courier Journal / USA TODAY NETWORK via Imagn Images.
Carma fighting back.
Chad Bronstein, Adam Wilks and Nicole Cosby were Carma’s leadership group when these alleged acts occurred. Their legal team has pushed back against these claims.
“The complaint is fiction dressed up as a lawsuit,” Bronstein and Cosby’s attorney told Front Office Sports. “Before filing, the plaintiffs tried to intimidate my clients with settlement demands that read more like a shakedown than a legal claim—demanding millions of dollars and attempting to force others to surrender their Carma shares. My clients won’t be bullied and are prepared to knock out this meritless lawsuit in court.”
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It was reported that this lawsuit is seeking more than $50 million in damages and fees.
This story was originally published by The Spun on Dec 23, 2025, where it first appeared in the Trending section. Add The Spun as a Preferred Source by clicking here.
