BOSTON (AP) — Harvard University is vowing to spend $100 million to research and atone for its extensive ties with slavery, the school’s president announced Tuesday, with plans to identify and support direct descendants of dozens of enslaved people who labored at the Ivy League campus.
President Lawrence Bacow announced the funding as Harvard released a new report detailing many ways the college benefited from slavery and perpetrated racial inequality.
The report, commissioned by Bacow, found that Harvard’s faculty, staff and leaders enslaved more than 70 Black and Native American people from the school’s founding in 1636 to 1783. For decades after, it added, scholars at Harvard continued to promote concepts that fueled ideas of white supremacy.
In a campus message, Bacow said many will find the report “disturbing and shocking,” and he acknowledged that the school “perpetuated practices that were profoundly immoral.”
“Consequently, I believe we bear a moral responsibility to do what we can to address the persistent corrosive effects of those historical practices on individuals, on Harvard, and on our society,” he wrote.
Alongside its findings, the 130-page report includes recommendations that Bacow endorsed. The university will create a new $100 million fund to carry out the work, which include building stronger relationships with historically Black colleges and expanding education in underserved areas.
It also called on Harvard to identify the direct descendants of enslaved people and engage them through dialogue and educational support.
“Through such efforts, these descendants can recover their histories, tell their stories, and pursue empowering knowledge,” the report said.
Harvard is among a growing number of U.S. universities working to acknowledge and reckon with their historical ties to slavery.
Harvard began its work 2016 when former President Drew Gilpin Faust acknowledged that the school was “directly complicit in America’s system of racial bondage” and created a committee to study the topic. Bacow commissioned the new report in 2019, building on that work.
“The Harvard that I have known, while far from perfect, has always tried to be better — to bring our lived experience ever closer to our high ideals,” Bacow wrote. “In releasing this report and committing ourselves to following through on its recommendations, we continue a long tradition of embracing the challenges before us.”
Dr. Dre has settled his divorce case by striking a property settlement agreement with his ex-wife, and for Dre's part, we're told he's "delighted" Nicole Young is only getting a fraction of his estate.
Dre and Nicole just filed their property settlement agreement, in which Dre agreed to pay Young $100 million -- $50 mil now, and $50 mil a year from now. Dre's estimated net worth is $820 million.
As for why Nicole didn't get half ... there's a prenup which she contested.
In exchange, Dre gets to keep 7 of the properties they own, including a Malibu home, 2 homes in Calabasas, and 4 properties in the L.A. area, including the $100 million Brentwood estate.
In addition, Dre gets full rights to his master recordings, trademarks and interests in various partnerships and trusts. He also keeps all of their Apple stocks, which includes the proceeds from the sale of Beats by Dre.
They divide a fleet of vehicles -- he gets 6 and she gets 4.
She gets to keep jewelry, cash and bank accounts that she had maintained during the marriage.
Nicole must pay her own legal fees ... which amount to millions of dollars.
Sources connected to Dre say Nicole could have actually gotten a bigger piece of the pie had she settled a year ago. One of those sources said, "She could have even been on the field for the Super Bowl halftime show as a friendly ex-wife."
There are also some storage lockers filled with items from their various homes. Dre had put the items in storage, and according to the settlement she gets to keep all the stuff inside that was hers.
The settlement forecloses Young's ability to get spousal support ... something that was hotly contested during the divorce.
Dre and Young are already divorced, per his lawyer, Laura Wasser, whose M.O. it is to file to end a contentious marriage and leave money matters for later.
Posted by ChasinDatPaper on November 16, 2021 at 12:22pm
Video After The Jump
Former drug kingpin Freeway Ricky Ross recently sat down with Donnie Houston TV to talk about his journey from stealing cars to making $100,000 a day selling cocaine.
Posted by ChasinDatPaper on September 25, 2021 at 12:42pm
Floyd Mayweather vs. Oscar De La Hoya 2?!
Maybe, just maybe.
Our Mayweather sources tell us the 50-0 fighter is aware De La Hoya called him out ... and Floyd's actually open to a fight with Oscar, IF he really has $100 million.
But, we're told, people in Floyd's camp highly doubt he has the dough.
Remember, we saw De La Hoya leaving dinner with his GF Holly Sonders in L.A. ... and when we asked him about his fighting future, ODLH said he wanted Mayweather.
"You know who I'm gonna call out for my next fight? Floyd Mayweather."
And, that's when the Golden Boy threw out a huge money proposal ... "I'll offer Floyd Mayweather $100 million."
Of course, Oscar and Floyd last boxed at the MGM Grand in Las Vegas in 2007 ... where Mayweather won a 12-round, split decision.
Mayweather retired in 2017 following his fight with Conor McGregor ... but has been fairly active, taking several exhibition fights since -- including a bout this summer against Logan Paul.
Oscar hasn't fought since 2008 ... when he lost to Manny Pacquiao.
De la Hoya was scheduled to fight MMA legend Vitor Belfort ... but unfortunately came down with a serious case of COVID, forcing him into the hospital.
But, Oscar made it crystal clear ... he wants to fight this year, and he wants it to be against Mayweather.
Bottom line, if the bag's real, and it's big enough, Floyd will listen.
Posted by ChasinDatPaper on September 21, 2021 at 8:12am
Video After The Jump
Oscar De La Hoya is gunning for a fight with one of the greatest boxers of all-time, Floyd Mayweather, telling TMZ Sports he's got $100 MILLION for Money if he accepts.
And, he wants to fight this year.
We got 48-year-old De La Hoya leaving Rossoblu in L.A. with girlfriend Holly Sonders ... and we asked the boxing legend how he felt after being hospitalized with COVID.
"5 days of hell" is how ODLH described the virus ... but what he really wanted to talk about was returning to the ring.
"You know who I'm gonna call out for my next fight? Floyd Mayweather."
And, that's when Oscar threw out the crazy lucrative proposal, saying ... "I'll offer Floyd Mayweather $100 million."
Remember, De La Hoya hasn't fought since losing to Manny Pacquiao in 2008 ... but was scheduled to return to the ring against Vitor Belfort earlier this month -- before he came down with COVID.
As for 44-year-old Floyd, he's been far more active. His last pro fight was against Conor McGregor in 2017, but he's had several exhibition fights since, including a June 2021 scrap against Logan Paul.
Of course, boxing fans will know Oscar and Floyd -- who had 10 division titles between them -- fought back in 2007 ... in one of the biggest fights of the decade. Mayweather defeated De La Hoya via a split decision.
Will Floyd take the bait and rematch Oscar over 14 years later? Stay tuned.
Lil Wayne has reached a financial agreement with Universal Music Group to sell his masters. UMG has acquired them for over $100 million, according to published reports.
The 38-year old rapper, real name Dwayne Carter, has not released a statement as to why he made the decision to sell, but TMZ reported yesterday that his former manager, Ronald Sweeney, is suing him for $20 million.
Sweeney claims the Young Money Records CEO, hired him in 2005 to handle a financial dispute with Cash Money Records and it's co-CEO Birdman. After a settlement was reached Sweeney claims to have only received a fraction of what he is owed.
Artists typically want to own their masters ... especially one that has been as successful as Wayne.
The New Orleans native has sold over 120 million records during his career.
Earlier this year Kanye West tried to buy his masters back from UMG, but was unsuccessful.
(CNN) NBA superstar Michael Jordan may have retired years ago, but his off-court appeal remains as strong as ever.
The former Chicago Bulls star has largely stayed out of the limelight since he walked away from basketball nearly two decades ago. So much so, he once turned down a jaw-dropping amount of money for a two-hour appearance at an event, his former agent said this week.
David Falk appeared on WFAN's "Boomer and Gio," where he discussed how picky his famous client was when it came to projects.
"I brought him a deal three years ago for $100 million. All he had to do was, other than giving his name and likeness, make a one two-hour appearance to announce the deal and he turned it down," Falk said Wednesday, without providing any additional details on the deal.
"God bless him. He's been so successful, it gives him an opportunity to do whatever the hell he wants or not to do things he doesn't want. I really admire that. He's very, very selective in the things he wants to be involved in."
Jordan made headlines last month after his documentary "The Last Dance" was released. The ESPN series premiered on April 19 and will air on Sunday nights over five weeks through May 17.
The 1990s Chicago Bulls, led by Jordan, remains one of the greatest dynasties in sports history. The ESPN series features never-before-seen footage from the 1997-98 season, along with interviews from a star-studded cast.
During a press conference in Dagestan, Khabib Nurmagomedov spoke about his preparation for his fight with Tony Ferguson on April 18th and the possibility of a rematch with Conor McGregor.
UFC lightweight champion Khabib Nurmagomedov is eyeing some big money options in 2020. According to his manager, Ali Abdelaziz, The Eagle could make $100 million to fight Conor McGregor or Floyd Mayweather in Saudi Arabia.
"I know some people in Saudi Arabia right now. They met with me, they want to pay $100 million to Khabib to fight Conor in Saudi Arabia. They want to pay Khabib $100 [million] to fight Floyd in Saudi Arabia," Abdelaziz told TMZ Sports.
Of course, Khabib would need to defeat Tony Ferguson in April before he starts thinking too far ahead, but the money will be there for him if he does.
Ali Abdelaziz added that he believes a Mayweather bout is more likely to happen. He wasn't impressed by Conor's win over Cowboy Cerrone at UFC 246.
“He can’t get a title fight by beating a guy who is 36 years old, coming off a loss,” said Abdelaziz.
“If [Conor] wants to fight for a title shot, he has to, like Khabib said, start fighting guys like [Justin] Gaethje. Guys like Islam Makhachev. Young guys, up-and-coming, who is coming off wins. He knocked out the guy he just knocked out, he’s not gonna get a title shot.”
Khabib also shot down the notion of a Conor rematch.
“Why do I need that kind of money?” he asked reporters during a press conference in Russia on Tuesday (via RT Sport). “There are so many organizations. For example, there’s not only football for the blind, there’s sambo and other sports. Let (the UFC) give it to them if they don’t know what to do with the money. But giving me $100 million for me to beat up that idiot again? I don’t think that’s rational.”
George Zimmerman, the onetime neighborhood watch volunteer who was acquitted in the 2012 shooting death of Trayvon Martin in Florida, has sued the boy's family and others for damages in excess of $100 million.
The lawsuit was filed Wednesday in Polk County Circuit Court and cites information from a documentary about Zimmerman's case "that accuses the Martin family of engineering false testimony."
Zimmerman is represented by Larry Klayman, the founder of conservative legal-rights group Judicial Watch, and is seeking "$100 million in civil damages, alleging defamation, abuse of civil process and conspiracy," according to the Miami Herald. It claims the defendants “have worked in concert to deprive Zimmerman of his constitutional and other legal rights.”
The 36-year-old fatally shot Martin, an unarmed black 17-year-old who was staying in the gated townhouse community in Sanford where Zimmerman lived and was serving as a neighborhood watch volunteer in February 2012. In 2013, Zimmerman was acquitted of all charges in the case.
The lawsuit names Martin's mother, Sybrina Fulton, who has become a gun control advocate in the wake of her son's death and is running for a seat on the Miami-Dade County Commission, as the lead defendant. At the time of his death, Martin lived with Fulton in Miami Gardens and was visiting his father in Sanford.
The lawsuit "presses the Zimmerman version of events, with allegations of efforts by the Martin family to produce a false narrative through dishonest accounts from witnesses," according to the Herald.
The suit also names prosecutors involved in the case for alleged false prosecution. Additionally, Harper Collins is named because of its October release of “Open Season: Legalized Genocide of Colored People," a book written by lawyer Ben Crump, who represented the Martin family. Crump is also identified in the lawsuit.
G-Eazy is out promoting his "Scary Nights" EP. On his run he stopped by Real 92.3 LA to chop it up with Bootleg Kev and DJ Hed about the project, squashing his beef with Machine Gun Kelly and more.
Report via Pro Football Talk -- Washington running back Adrian Peterson has made about $100 million in salary, and millions more in endorsements, during his NFL career. But he’s deep in debt after his lawyer says he trusted people who ripped him off.
“The truth behind Adrian Peterson’s current financial situation is more than is being reported at this time,” attorney Chase Carlson said in a statement. “Because of ongoing legal matters, I am unable to go into detail, but I will say this is yet another situation of an athlete trusting the wrong people and being taken advantage of by those he trusted. Adrian and his family look forward to sharing further details when appropriate.”
The statement came hours after TheAthletic.com reported that Peterson is being sued in Pennsylvania for failing to pay back a $5.2 million loan. In two separate matters, judges have ordered Peterson to pay $2.4 million to one creditor and $600,000 to another creditor.
Despite the fortune Peterson has made, he appears to be nearly broke, with debts that he is struggling to pay, and debts that he’ll continue to struggle to pay even after getting a $1.5 million signing bonus to remain in Washington this year, with another $1 million in salary on the way for the season.
Jon Gruden has secured the bag and will ink a 10-year contract likely approaching $100 million to coach the Oakland Raiders, according to ESPN.
The job became available after the Raiders fired Jack Del Rio following the regular-season finale on Sunday.
This will be Gruden's second stint with the Raiders. He coached the team from 1998 to 2001.
Gruden will no doubt be looking for another championship. He led the Tampa Bay Buccaneers to a Super Bowl XXXVII win in 2003, one year after being traded there by the Raiders. He has a career 95-81 record in the regular season while going 5-4 in the postseason.
The 54-year old Sandusky, Ohio native's return to coaching follows a nearly nine-year run as an ESPN analyst. When the contract is made official on Tuesday, January 9, Gruden will become only the third head coach in NFL history to get a 10-year deal. Following Tom Landry and Jimmy Johnson.
O.J. Simpson is bringing out the legal guns in his fight against The Cosmopolitan Hotel of Las Vegas.
Last November Simpson was kicked off of the property by security after allegedly becoming drunk and belligerent. The casino later announced that he was permanently banned.
In a letter to The Cosmopolitan that was distributed to media outlets Friday, January 5, Simpson’s attorney Malcolm LaVergne claims the “casino staff, employees, agents, and other higher-level decision makers or affiliates, including STK Las Vegas and Clique Bar & Lounge, acted with malice and racial prejudice” toward Simpson.
Simpson plans to sue for at least $100 million.
The incident happened a little over a month after the former football star was released from a Nevada prison, following 9 years on incarceration for kidnapping and armed robbery.
Those wanting to watch the Floyd Mayweather vs Conor McGregor fight in the comfort of their own homes, should be prepared to cough up $99.95 for the high definition broadcast ($89.95 standard), according to Lance Pugmire of the Los Angeles Times.
That matches the pay-per-view price of Mayweather's 2015 bout againstManny Pacquiao,which set a record with4.6 million buys.
McGregor/Mayweather is expected to surpass that total.
Fans will tune in to see The Notorious One (21-3 MMA), in his first professional boxing match. On the opposite side, Money Mayweather, will become the first boxer in history to go50-0, breaking his current tie withRocky Marciano if he wins.
The match will take place in Las Vegas at the T-Mobile Arena on August 26
(New York Post) “The Wolf of Wall Street” didn’t just tell the story of a crooked stockbroker who scammed millions of dollars that he blew on drugs and hookers — the Leonardo DiCaprio movie was itself financed with stolen money, the feds charged Wednesday.
A civil suit filed by the US Justice Department demands all future profits, royalties and distribution proceeds from the Oscar-nominated 2013 flick on the grounds that it was part of an international money-laundering scheme involving a development firm set up by the prime minister of Malaysia.
“This is a case where life imitated art,” said US Assistant Attorney General Leslie Caldwell.
In a series of interrelated complaints, the feds are seeking a total $1 billion in assets paid for with money allegedly stolen by corrupt Malaysian officials and their associates from 1Malaysia Development Berhad, also known as 1MDB.
The fund “was created to promote economic development . . . with the ultimate goal of improving the well-being of the Malaysian people,” but “unfortunately and tragically, a number of corrupt officials treated this public trust as a personal bank account,” US Attorney General Loretta Lynch said.
Attorney General Loretta Lynch speaks at a news conference, Wednesday, July 20, 2016, at the Justice Department in Washington, announcing that the U.S. government is seeking the forfeiture of more than $1 billion in assets that federal officials say were misappropriated from a Malaysian sovereign wealth fund. The Justice Department says the funds that were laundered into the U.S. were used for various assets, including real estate and hotel properties, a jet aircraft, fancy artwork and the production of the Oscar-nominated movie, The Wolf of Wall Street. (AP Photo/Jacquelyn Martin)
The assets include five swank Manhattan properties: penthouses in the Time Warner Center and Walker Tower, condos in the Park Laurel building and at 118 Greene St., and a stake in the Park Lane Hotel.
A Malaysian development fund set up by Prime Minister Najib Razak allegedly purchased a $30 million condo at the Time Warner Center -.Photo: Dan Brinzac
More than $100 million of the loot also allegedly went to produce “The Wolf of Wall Street,” which has raked in more than $392 million in ticket sales worldwide. It is director Martin Scorsese’s highest-grossing film.
“Of course, neither 1MDB or the Malaysian people saw a penny of profit from that film or the other assets purchased with funds siphoned from 1MDB,” Caldwell said.
“Instead, that money went to relatives and associates of the corrupt officials of 1MDB and others.”
Caldwell said the suit targets only the movie’s future earnings because the feds aren’t “able to seize anything retroactively.”
“The Wolf of Wall Street” spent six years in development hell due to its salacious, R-rated subject matter before it was finally green-lighted by a virtually unknown production company, Red Granite Pictures, which footed almost all the costs, the Wall Street Journal reported.
The suit identifies infamous party animal Low Taek Jho — better known as “Jho Low” — as a key figure in the film’s funding, noting that he personally distributed more than $10 million for the project.
Jho Low (right) pictured partying with Usher
The Los Angeles federal court filing notes that Low got a full-screen “special thanks” in the closing credits and was among three people singled out as “collaborators” during DiCaprio’s acceptance speech when he won the 2014 Golden Globe Award for Best Actor in a Motion Picture.
DiCaprio also gave shoutouts to Riza Aziz, the stepson of Malaysian Prime Minister Najib Razak and a co-founder of Red Granite, and to Joey McFarland, Red Granite’s other co-founder.
Riza Aziz (left) with 'Wolf of Wall Street' stars Leonardo DiCaprio and Margot Robbie
The suit also alleges that DiCaprio — who is identified only as “a lead actor in ‘The Wolf of Wall Street’ ” but can be identified through the complaint’s description — went gambling with Low, Aziz and McFarland at The Venetian Las Vegas on July 15, 2012. The foursome had more than $1.15 million in 1MDB funds with which to gamble. It was deposited into Low’s account.
The suit says Red Granite bankrolled “The Wolf of Wall Street” with 1MDB funds funneled into a Swiss bank account held in the name of Good Star Limited.
Cash was then transferred into various accounts at City National Bank in Los Angeles and doled out to pay the film’s production costs.
“These funds are directly traceable to the $700 million wire transfer and $330 million wire transfers unlawfully diverted from 1MDB to the Good Star account,” the suit says.
Specific payments included 17 separate transfers, totaling $3.9 million, to the Scorsese-owned Sikelia Productions company, $48 million to an unidentified film-industry management firm and at least $4.1 million to various visual-effects companies.
About $2.5 million went to the Screen Actors Guild, and another $80,000 was paid to a charter-yacht company, the suit says.
One of the most memorable scenes in “The Wolf of Wall Street” features DiCaprio — portraying real-life stock fraudster Jordan Belfort — being questioned by FBI agents aboard a yacht docked off Battery Park City.
Sources told The Post that Low “lavished money” on DiCaprio. “He would give him half a million bucks to come to a Vegas party on a private plane and all the chips on the house. They also asked Scorsese, who turned them down,” the source said.
Lynch said more than $3 billion was scammed from 1MDB, but officials have so far been able to trace only $1 billion through American financial systems.
Reps for DiCaprio and Scorsese didn’t return requests for comment, but Red Granite issued a statement saying “none of the funding it received four years ago was in any way illegitimate and there is nothing in today’s civil lawsuit claiming that Red Granite knew otherwise.”
In addition to funding “The Wolf of Wall Street,” staggering amounts of stolen cash were spent on luxuries that the feds are seeking to have forfeited, including:
A $5.5 million Vincent van Gogh drawing.
Two paintings by Claude Monet valued at $92.5 million.
A $240 million stake in the Park Lane Hotel at 36 Central Park South.
The $50.9 million penthouse at the Walker Tower in Chelsea.
A $35 million Bombardier jet.
The $44.8 million L’Ermitage hotel in Beverly Hills.
A $30.5 million penthouse at the Time Warner Building at 80 Columbus Circle, which was bought sight unseen.
Starting in 2009, Low made headlines for spending millions in clubs with celebrities for whom he was footing the bill, including Lindsay Lohan, Paris Hilton, Jamie Foxx and DiCaprio, who accompanied him on yachts, jets, casinos, nightclubs and ski trips all over the world.
Kanye West is seeking $100 million in financial backing for his Yeezy clothing line.
The New York Post's Page Six reports that the entrepreneur has reached out to LVMH chairman and CEO Bernard Arnault, Richemont and Chris Burch, who helped launch Tory Burch’s fashion line and later started C. Wonder.
“Kanye is spending a lot of money. He thinks on a big scale and is currently paying for everything himself. He needs a backer to help him achieve the kind of fashion-world domination he is aiming for," a source told Page Six.
West had hired Relativity Media, an entertainment mini-conglomerate, to help find a backer, but the company filed for Chapter 11 protection in 2015.
As for people who doubt West will reach his lofty goals, a source told Page Six he is determined to prove them wrong.
“He has defied a lot of doubters with what he has done. He has been a huge success in fashion, particularly what he does with Adidas. He has big plans and he’s met with a lot of people in different fashion houses and those with venture capital money in Silicon Valley.”
Once worth$70 million,Scott Storchis trying to financially regroup by filing for bankruptcy.
TMZ reports that Storch claims to have only $3,600 in assets, $100 in cash, a $3000 watch and $500 in clothing. His music companies aren't worth one penny.
In 2014 he says he made $10,000.
At one point Scott was one of the go-to producers in music. He was behind the boards on50 Cent's"Candy Shop,"Fat Joe's"Lean Back,"Jadakiss'"U Make Me Wanna,'Chris Brown's"Run It,"G-Unit's"Poppin' Them Thangs"and many more.
The 41-year old Long Island, New York native's downfall began in 2003 when he developed a cocaine habit. In 2006 he blew $30 million in six months splurging on drugs, 20 luxury cars, a private jet, an 18,000-square-foot Miami mansion and a yacht
“The cost of the drug didn’t effect my life,” Storch told MTV in 2009. “It was the poor decisions I made, that were so poor financially, that caused me to go into this situation where I was forced to change my lifestyle … forced to change a lot of things. [I had] 15 to 20 cars at all times,” he continued.” That’s not smart. I would take one of 15 half-million-dollar cars I owned and go to the mall and spend that much money. Stupid, stupid stuff. It’s like it didn’t make a difference. They were ego investments. I would have been great with three or four cars! I didn’t need a 117-foot boat.”
U.S. boxing fans can get ready to get gouged when they purchase the May 2ndManny Pacquiao vs. Floyd Mayweather Jr. fight.
The bout, which will be boxing's equivalent of the Super Bowl, will cost $99 for high definition and $89 for standard pay-per-view, according to the Wall Street Journal.
The price breaks the previous pay-per-view record of high of $74.95 for high-definition and $64.95 for standard.
HBOandShowtimeare co-promoting the event. It will be held at theMGM Grand Garden Arenain Las Vegas.
The MGM has barred any other Vegas hotels from showing the fight, ensuring a packed house full of gamblers with deep pockets.
“We aren’t able to air the fight, that’s true," A rep for a major hotel rival told TMZ Sports. "And our guests won’t be able to have it in-room either. It’s a contract the MGM has. Unfortunately, it blacks out non-MGM properties.”
Mayweather will make as much as $200 million to put his welterweight titles on the line. Pacquiao could take home $100 million.
Floyd Mayweather Jr. brings the saying "money is no object" to life down to the smallest detail.
TMZ Sports reports that the welterweight champion spares no expense when it comes to guarding his grill while in the ring.
TheMayweather Promotionschief uses custom-designed mouthpieces filled with$100 bills. Other mouth protectors are filled with diamonds and gold flakes.
Designed by New York City dentist, Dr. Lee Gause, the specialized gear costs $25,000 apiece. Mayweather says that after 19 years of ring wars he's managed to keep his smile intact and plans on keeping it that way.
}