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Article updated: 2/21/2013 8:05 AM

Tyson sues Live Nation over alleged embezzlement

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Former heavyweight champion Mike Tyson and his wife sued SFX Financial Advisory Management Services, a subsidiary of Live Nation Entertainment, on Wednesday claiming a former employee of the financial services company embezzled more than $300,000 from them and cost them millions in lucrative contracts.

Associated Press

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Mike Tyson sued a financial services firm owned by Live Nation Entertainment on Wednesday, claiming one of its advisers embezzled more than $300,000 from the former heavyweight champ and cost him millions more in lost earnings.