Holyfield, 39, asked the driver to take him to the racetrack. Nothing strange there.
But first, Holyfield needed to run into the bank to get some cash. Again, not unusual for someone on his way to gamble.
Around 2:30 p.m., Holyfield walked into the RBC Centura Bank near the intersection of Broward Boulevard and Federal Highway in Fort Lauderdale, while his Yellow Cab driver waited outside.
While inside the bank, Holyfield handed the teller a note, demanding cash - $50 and $100 bills.
The teller complied with his request. Then, Holyfield asked for a stack of $20 bills.
What a mistake.
As soon as he walked out the door, the stack of $20s, which was rigged with a dye pack, exploded. His pants, among other things, were covered with red dye.
To say he'd been caught red-handed would be an understatement.
Holyfield, acting like nothing was wrong, returned to the cab - aka his getaway car.
But things didn't work out how he wanted.
"The driver refused to take him anywhere," said Det. Kathy Collins, a Fort Lauderdale police spokeswoman.
So Holyfield bailed - but he forgot some of the stolen cash on the backseat of the cab. He returned soon after to retrieve the remainder of the mullah, but by then it was too late.
Police were already there.
They arrested Holyfield a block away from the bank. Turns out he is suspected of robbing other banks.