Broner Reaches $1m Jewelry Debt

March 10, 2019
adrien-broner (34)

Former four division world champion Adrien Broner is finally paying off his $1 million jewelry debt … agreeing to give it all back in 3 installments, according a TMZ Sports report.

The boxing star was hit with a lawsuit last year after he allegedly stiffed a jeweler out of more than $1 million in fine jewels.

Pristine Jewelers NY said Broner promised to pay for multiple items which totaled $1.252 million … but his checks never cleared — and then he refused to follow through on a payment plan.

But, according to legal documents filed this week … Broner has finally reached a settlement with the company — and has agreed to pay off his debt.

Per the details of the agreement … Broner made his first payment on March 4 and will pay $500,000 by December 31, 2019, and then the final $500,000 no later than 6 months after that.

It’s interesting … according to documents — Broner struck the agreement with the jeweler on Feb. 15 — just a couple weeks after he reportedly earned a $2.5 million check from scrapping with Manny Pacquiao.

In that bout, which took place on Showtime Pay-Per-View from the MGM Grand in Las Vegas, saw Pacquiao win a dominant twelve round unanimous decision.

 

SOURCE: boxingscene.com


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