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Mike Tyson Sues Marijuana Firm for $50 Million Fraud

1/8/2026

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Story summary
  • Mike Tyson, the former heavyweight boxing champion, filed a $50 million lawsuit against Chicago-based marijuana company Carma HoldCo in December, alleging defrauding him and others through kickback schemes and unauthorized spending.
  • The suit names former executives Chad Bronstein, Adam Wilks, and Nicole Cosby and alleges a RICO conspiracy involving wire fraud and embezzlement.
  • Tyson claims the alleged misconduct cost him 'tens of millions of dollars'.