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Revealed: How Mike Tyson earned and squandered a $300 million fortune

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tyson mikeIn his prime, Mike Tyson was one of the most celebrated athletes of all time. Through out the ’80s and ’90s, there wasn’t a professional boxer in the world who held a candle to his razor sharp precision. His trademark right hook, uppercut combo knocked out the biggest names in the sport, earning him the nickname “Iron Mike.” With the distinction of being the youngest heavyweight-boxing champion in history, he pulled in a $300 million fortune. But over the years, Tyson’s boxing career unraveled and he became better known for his antics outside of the ring. Arrested 38 times since 1986 for everything from DUI to rape, the once-undisputed heavyweight champion of the world made fans believe he was down for the count. But after retiring from boxing in 2006, a down-and-out Tyson began to make a name for himself in Hollywood. In 2008, he was the subject of the stirring, self-titled documentary, Tyson. One year later he received praise for his comedic cameo in The Hangover (2009), and again in its sequel, The Hangover Part II (2011). He recently took on a short stint as a reality star in Animal Planet’s, Taking on Tyson (2011), which chronicled his interest in pigeon racing. Today (April 13), the 45-year-old will return to the MGM Grand in Las Vegas for six days to take the stage at the Hollywood Theater, where he’ll star in an 80-minute, one-man show about his storied past called Mike Tyson: Undisputed Truth—Live on Stage. From jail cells to the big screen, BlackEnterprise.com Decodes the prominence of the former champ from his heyday to now, examining the bouts and endorsements that made him a multi-million-dollar superstar athlete, and the reckless decisions that marred his life and stripped him of his fortune. “I never saw my mother happy with me and proud of me for doing something. She only knew me as being a wild kid running the streets…Professionally, it has no effect, but it’s crushing emotionally and personally.” Tyson was a troubled youth, who sought solace in the hardscrabble streets of Bedford-Stuyvesant, Brooklyn. His father abandoned the family when Tyson was two-years-old, leaving his mother to struggle as a single parent. By 13-years-old, he was already a juvenile delinquent with a full rap sheet. Tyson was eventually sent to the Tryon School for Boys in Upstate NY. It was at this reform school that he met ex-boxer Bobby Stewart, who introduced him to Cus D’Amato, the man who became Tyson’s first role model, boxing mentor, manager and legal guardian. Under the tutelage of D’Amato, Tyson began a meteoric rise to stardom. As an amateur fighter, he won a gold medal at the 1982 Junior Olympic games. On March 6, 1985, Tyson held his first fight as a professional boxer—he won all 15 bouts he had that year. The next year, Tyson lost his mentor and father figure to pneumonia, but the promising up-and-comer used his grief to his advantage. He pummeled every opponent who stepped foot in the ring with him, including Trevor Berbick, who lost his heavyweight title to Tyson when he was knocked out in the second round. Soon the Kid Dynamite clinched the coveted World Boxing Council (WBC) belt, making him the youngest heavyweight champion in the history of the sport at 20-years-old.   “I’m the biggest fighter in the history of the sport. If you don’t believe it, check the cash register.” At the top of his game, Tyson beat James Smith and Tony Tucker, winning the World Boxing Association (WBA) and International Boxing Federation (IBF) titles, respectively, in 1987. As a result, Tyson made an estimated $50 million from his matches, and the endorsement deals started to pour in. Tyson was tapped by then-Nintendo president Minoru Arakawa to create Mike Tyson’s Punch-Out!!, which sold over two million units worldwide, and is now regarded as one of the best video games of all time. According to the L.A. Times, Tyson was “demanding two million dollars per fight in 1987, and earned $35 million in boxing purses in 1988.” He made millions more in endorsement deals with PepsiEastman Kodak andNintendo. That same year, having already won 34 bouts in a row (30 of which were knockouts) and seven world title wins in 16 months, the 5’10”, 218-pound behemoth knocked out Michael Spinks in what is widely regarded as the most dominate performance of his career. The bout was deemed the richest fight in history at the time, and earned Tyson a record purse of $22 million. “It wasn’t a good place for me. I don’t think I should have been there. That’s a place where you have no boundaries. You’re restricted, but you lose your moral fiber.” Tyson hit the ground running with a vengeance when he got out of prison in 1995. He won his first two fights with ease, including an 89-second bout against Peter McNeeley, which grossed more than $96 million worldwide and was purchased by a record 1.52 million households. On November 9, 1996, Tyson foughtEvander Holyfield, who was defending the WBA heavyweight title. The bout was six years in the making and billed as “Finally” on the fight card. Audience interest was high; the matchup garnered 1.59 Pay-Per-View buys. The world watched to see if Tyson could reclaim his title as the heavyweight champion.  But despite the odds placed on the fan favorite, Tyson was outfoxed by Holyfield, losing the fight in the 11th round by a TKOcall from the referee. Pit against each other seven months later, Tyson took home $30 million, while Holyfield nabbed $35 million, making this the largest single-event payday for any athlete or entertainer.  Spectators in 1.99 million households tuned in to see the event, which grossed $102 million in revenue. The fight became one of the most controversial events in sports when Tyson was disqualified in the third round for biting off a piece of Holyfield’s ear, resulting in the boxing commission withholding $3 million of Tyson’s purse. His next big fight came in 2002 against Lennox Lewis. The bout gave Tyson yet another chance to reclaim the heavyweight title, and generated $106.9 million in revenue. It was purchased for viewing in 1.95 million homes, setting a Pay-Per-View record. Tickets ranged from $500 to $2,400 a pop. Tyson lost the fight to Lewis in the eighth round and had to cough up $335,000 for biting Lewis’ leg during a pre-fight brawl a few months earlier. After living in a $4.5 million mansion, and spending approximately $400,000 a month, Tyson filed for bankruptcyin 2003. According to The New York Times, the fallen pugilist’s debts totaled over $20 million, for everything from $173,000 diamond chains to having $13 million in back taxes and $51,000 in unpaid child support. A NEW BEGINNING “This guy’s so unpredictable. You don’t know if he’s going to take you out to dinner or stab you with a fork.” In an attempt to reinvent his tattered image (and pay his bills), Tyson took to Hollywood for a career in acting.Tyson, his self-titled documentary, debuted at the Cannes Film Festival in 2008 and received a 10-minute standing ovation. The film was released in the U.S. in April 2009, and went on to gross almost $1 millionworldwide. That same year, Tyson tickled funny bones in the blockbuster comedy, The Hangover; he was reportedly paid $100,000 for his small cameo role. 2011 proved to be a busy year for the comeback kid. Tyson made $200,000 for his work in The Hangover Part II, and launched his reality show, Taking on Tyson, which explored Tyson’s love of all things pigeons, including auctions, rearing and competitive racing. The show’s premiere ratings were below average with only 560,000viewers Tyson continues his renaissance this month at the MGM Grand’s Hollywood Theater in Las Vegas as he takes the stage for his one-man show, Mike Tyson: Undisputed Truth – Live on Stage. Tickets start at $99, and are reportedly selling well.  If the show is a success, he plans to take it on tour and then to Broadway. Inarguably the most outrageous character in modern sports history, Tyson is on a mission to show the world that just beneath the ferocious, hothead, who lived a life plagued with troubles, is a repurposed man with an inspiring tale of triumph and survival.   by Shydel James]]>

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Meryl Streep Guest of honour at the opening ceremony of the 77th Festival de Cannes

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Meryl Streep © Brigitte Lacombe
Meryl Streep © Brigitte Lacombe

Meryl Streep will be the guest of honour at the opening ceremony of the 77th Festival de Cannes which will take place on the stage of the Grand Théâtre Lumière on Tuesday, May 14. A celebrated figure in American cinema, the American actress will kick-off the upcoming edition which will draw to a close on Saturday, May 25th with the awards’ list given by the President of the Jury, Greta Gerwig.

After Jeanne Moreau, Marco Bellocchio, Catherine Deneuve, Jean-Pierre Léaud, Jane Fonda, Agnès Varda, Forest Whitaker or Jodie Foster, Meryl Streep will receive the Festival’s Honorary Palme d’or. 35 years after winning the Best Actress award for Evil Angels, her only appearance in Cannes to date, Meryl Streep will be making her long-awaited return to the Croisette.

“I am immeasurably honored to receive the news of this prestigious award. To win a prize at Cannes, for the international community of artists, has always represented the highest achievement in the art of filmmaking. To stand in the shadow of those who have previously been honored is humbling and thrilling in equal part. I so look forward to coming to France to thank everyone in person this May!” Meryl Streep stated.

 

“We all have something in us of Meryl Streep!” Iris Knobloch and Thierry Frémaux said. “We all have something in us of Kramer vs. Kramer, Sophie’s Choice, Out of Africa, The Bridges of Madison County, The Devil Wears Prada and Mamma Mia! Because she has spanned almost 50 years of cinema and embodied countless masterpieces, Meryl Streep is part of our collective imagination, our shared love of cinema.”

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After her drama studies and initial success on New York City stages, Meryl Streep’s career took off on the big screen in 1978 with The Deer Hunter, starring Robert De Niro. In Michael Cimino’s film, Meryl Streep wrote all her lines to give her character nuance and depth. This marked both her first Oscar nomination — now reaching a record 21 — and her demand to play strong, ambivalent women. For example, when she starred opposite Dustin Hoffman in Kramer vs. Kramer, she refused to let the film revolve around the male lead and rewrote a crucial monologue. She went on to win her first Oscar, and quickly gained recognition from the audiences and the industry alike.

Meryl Streep uses her intuition and hard work to reinvent herself with every appearance. Even on the scale of a film: in Karel Reisz’s The French Lieutenant’s Woman, she played two roles. In Alan J. Pakula’s Sophie’s Choice, her acting addresses a mother’s inconceivable moral dilemma. For this character, she studied German and Polish to take on the accent — impeccable according to Andrzej Wajda — and won the Academy Award for Best Actress.

Sidney Pollack’s unforgettable historical, romantic epic Out of Africa (1985) marked a new turning point, in which she and Robert Redford formed one of cinema’s most legendary couples. Far from confining herself to the register of passionate love, Meryl Streep also ventured into darker characters. In Fred Schepisi’s 1988 Evil Angels (A Cry in the Dark), she played a mother accused of infanticide. Her performance earned her the Best Actress Award at the 1989 Festival de Cannes.

In the 1990s, she tried her hand at gritty comedy: she challenged female stereotypes in Mike Nichols’ Postcards from the Edge and Robert Zemeckis’ Death Becomes Her. In The Bridges of Madison County, she captured the screen alongside Clint Eastwood in a love story as impossible as it is timeless, that went down in cinema history.

Throughout her career, Meryl Streep has never shied away from publicly denouncing the precarious position of women in the film industry. Aware of the issues surrounding the representation of women in Hollywood movies, and keen to embody all their facets in all their complexity and fragility, Meryl Streep plays a wide variety of roles and genres. After Stephen Daldry’s The Hours and Robert Altman’s The Last Show, it was in two roles as funny as unexpected that she once again made her mark: as the cantankerous editor-in-chief of a fashion magazine in The Devil Wears Prada and Donna, a hippie who marries off her daughter in the musical Mamma Mia! She went on to star in biopics (The Iron Lady, Florence Foster Jenkins, Julie & Julia), political satyres (Lions for Lambs, Pentagon Papers, Don’t Look Up) and family films such as Little Women, directed by Greta Gerwig, who serves as President of the Jury at this year’s Festival de Cannes.

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Two women, two generations, two aspirations, and the same passion for the Seventh Art, brought together on the stage of the Grand Théâtre Lumière.

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Former US Army Servicemember, Sanda G. Frimpong Sentenced to Prison in Money Laundering Romance Scam

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Former US Army Servicemember, Sanda G. Frimpong Sentenced to Prison in Money Laundering Romance Scam

Sanda G. Frimpong, 33, was sentenced to 40 months in federal prison and ordered to pay hundreds of thousands of dollars in restitution to victims for laundering the illicit proceeds of an elaborate series of romance scams. Frimpong pled guilty to three counts of money laundering on September 14, 2023.

“Romance scammers exploit our most vulnerable citizens, even our seniors and military veterans, sometimes leaving them financially and emotionally devastated,” said U.S. Attorney Michael Easley.  “The fact that an Army servicemember was involved in romance scams while serving as a soldier is appalling.  We are partnering with the Department of Defense to drum out fraudsters and money launderers like Frimpong from our military ranks and put them in prison where they belong.”

Read Also: US Army Major Kojo Owusu Dartey Found Guilty After He Smuggled Guns to Ghana in Blue Barrels of Rice and Home Goods

“Integrity is a core tenet of the armed forces and when servicemembers choose to compromise their integrity for greed, it tarnishes the reputation of all others serving in uniform,” stated Special Agent in Charge Christopher Dillard, Department of Defense Office of Inspector General, Defense Criminal Investigative Service (DCIS), Mid-Atlantic Field Office. “DCIS and its law enforcement partners will continue to work with the U.S. Attorney’s Office to hold those accountable who cheat government programs and use online scams to prey on the most vulnerable.”

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Frimpong and other conspirators, engaged in elaborate scams, impersonating romantic love interests, diplomats, customs personnel, military personnel, and other fictitious personas for the purpose of ensnaring their victims by earning their confidence, including promises of romance, sharing of an inheritance or other riches, or other scenarios intended to fraudulently induce the victims to provide money or property to the conspirators.  Frimpong then laundered hundreds of thousands of dollars in proceeds of these frauds through his various bank accounts across state lines and through his contacts in Ghana.  Frimpong was also an active-duty Army servicemember stationed at Fort Bragg during the commission of the offenses up until shortly after his arrest in 2023.

Michael Easley, U.S. Attorney for the Eastern District of North Carolina made the announcement after U.S. District Judge James C. Dever III announced the sentence. Defense Criminal Investigative Service led the investigation, and Assistant U.S. Attorney David G. Beraka prosecuted the case.

Related court documents and information can be found on the website of the U.S. District Court for the Eastern District of North Carolina or on PACER by searching for Case No. 5:23-CR-0035-D.

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US Army Major Kojo Owusu Dartey Found Guilty After He Smuggled Guns to Ghana in Blue Barrels of Rice and Home Goods

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US Army Major Kojo Owusu Dartey, 42, was convicted for smuggling firearms to Ghana in blue barrels disguised as containing rice and household goods.

The incident, which took place in April 2024, has sparked widespread discussion on social media platforms. Dartey, involved in a marriage fraud scheme, faces a maximum sentence of 240 months and is scheduled for sentencing on July 23, 2024. The case has raised questions about the motives behind the smuggling and the potential implications for national security.

A federal jury convicted a United States Army Major, currently assigned to Fort Liberty, on charges of dealing in firearms without a license, delivering firearms without notice to the carrier, smuggling goods from the United States, illegally exporting firearms without a license, making false statements made to an agency of the United States, making false declarations before the court, and conspiracy. Kojo Owusu Dartey, age 42, faces a maximum penalty of 240 months when sentenced on July 23, 2024.

Read Also: Abena Korkor says she’s found love in  a bipolar American army officer

“We are partnering with law enforcement agencies across the globe to expose international criminals – from money launderers to rogue international arms traffickers capable of fueling violence abroad,” said U.S Attorney Michael Easley.  “Through a partnership with Ghanaian officials, this rogue Army Major was convicted at trial after smuggling guns to Ghana in blue barrels of rice and household goods. I want to thank the Ghana Revenue Authority and the International Cooperation Unit Office of the Attorney-General of Ghana for their assistance in the investigation. I also commend the Drug Enforcement Administration (DEA) and the Federal Bureau of Investigation (FBI) attachés to U.S. Embassy Accra and the U.S. Department of Justice’s Office of International Affairs of the Department’s Criminal Division for their significant assistance to this prosecution.”

“Far from being a victimless crime, firearms trafficking threatens public safety across our nation and beyond,” said Toni M. Crosby, Special Agent in Charge of the ATF Baltimore Field Division. “The Baltimore Field Division is proud to partner with the Ghana Revenue Authority and ATF’s Charlotte and Louisville Field Divisions for this investigation, which has kept firearms off the streets — preventing them from being used in any number of killings and other crimes — and ended this international firearm trafficking scheme.”

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According to court records and evidence presented at trial, between June 28 and July 2, 2021, Dartey purchased seven firearms in the Fort Liberty area and tasked a U.S. Army Staff Sergeant at Fort Campbell, Kentucky, to purchase three firearms there and send them to Dartey in North Carolina.  Dartey then hid all the firearms, including multiple handguns, an AR15, 50-round magazines, suppressors, and a combat shotgun inside blue barrels underneath rice and household goods and smuggled the barrels out of the Port of Baltimore, Maryland, on a container ship to the Port of Tema in Ghana.  The Ghana Revenue Authority recovered the firearms and reported the seizure to the DEA attaché in Ghana and the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) Baltimore Field Division.  At the same time, Dartey was a witness in the trial of U.S. v. Agyapong. A case that involved a 16-defendant marriage fraud scheme between soldiers on Fort Liberty and foreign nationals from Ghana that Dartey had tipped off officials to. In preparation for the trial, Dartey lied to federal law enforcement about his sexual relationship with a defense witness and lied on the stand and under oath about the relationship.

Michael Easley, U.S. Attorney for the Eastern District of North Carolina, made the announcement after Chief U.S. District Judge Richard E. Myers II accepted the verdict. The ATF, Army Criminal Investigation Division and the U.S. Department of Commerce’s Office of Export Enforcement investigated the case. Assistant U.S. Attorney Gabriel J. Diaz prosecuted it with technical assistance from David Ryan, DOJ Counterintelligence and Export Control Section.

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Ex-UFC heavyweight champion Francis Ngannou announces death of his 15-month-old son

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Former UFC champion Francis Ngannou announced the death of his 15-month-old son Kobe on Monday. (more…)

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Iraqi TikTok star Om Fahad shot dead outside Baghdad home

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Iraqi social media influencer Om Fahad has been shot dead outside her home in Baghdad, according to local media reports. (more…)

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Iranian rapper Toomaj Salehi sentenced to death for protesting

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Iranian Dissident rapper Toomaj Salehi has been given a death sentence for his involvement in the widespread protests that swept Iran in 2022, according to his lawyer. (more…)

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