Mike Tyson

Mike Tyson has sued SFX Financial Advisory Management Enterprises, saying that one of its advisors embezzled more than $300,000 from him and cost him millions of dollars in potential future earnings. The lawsuit claims that although SFX has returned some of the money, it is still well short of returning what it embezzled. Tyson is seeking more than $5 million in damages, claiming breach of fiduciary duty, negligent hiring, unjust enrichment and other charges. “Defendants did not secure, protect, safeguard and appropriately apply the Tysons’ finances for their intended purposes,” the former boxer’s lawsuit states, “but instead misappropriated said funds for the benefit and enrichment of SFX/Live Nation.” SFX Financial Advisory Management Enterprises is owned by Live Nation. Live Nation Entertainment Inc. told the Associated Press that it had not yet been served with the lawsuit and thus could not comment on it. [LA Times]

Edgar Repko Jr. had a pretty good run. Read more »

The 44-year-old ex-heavyweight champion is in bed by 8 and often up as early as 2 in the morning, at which point he takes a solitary walk around the gated compound in the Las Vegas suburb where he lives while listening to R&B on his iPod. Tyson then occupies himself with reading (he’s an avid student of history, philosophy and psychology), watching karate movies or taking care of his homing pigeons, who live in a coop in the garage…As part of his cleaning-up campaign, he has been adhering to a strict vegan diet for nearly two years, explaining that he doesn’t want anything in him “that’s going to enrage me — no processed food, no meat.” He says that he can no longer abide the smell of meat even on someone’s breath…If Tyson misses his high-rolling days, he isn’t letting on: “If you make a lot of money, you end up being around people you don’t want to be around,” he says. “Guys on allowance. It takes years to gather the audacity to get rid of them.” [NYT]


“The biting of the nose and the fights, sure, when you’re throwing around that kind of money, people tend to lose it sometimes,” said Doug Pringle, 42, who traded corn, soybeans, 10- year Treasury notes and 30-year bonds for 17 years. “I miss the excitement.”
Trading-Pit Glamour Dims as Computers Ascend in Film [Bloomberg]
Floored Official Site [Floored the Movie via DI]