"Larry Holmes has alleged that over the course of his career King cheated him out of $10 million in fight purses, including claiming 25% of his purses as a hidden manager. Holmes says he received only $150,000 of a contracted $500,000 for his fight with Ken Norton, and $50,000 of $200,000 for facing Earnie Shavers, and claims King cut his purses for bouts with Muhammad Ali, Randall "Tex" Cobb, and Leon Spinks, underpaying him $2 million, $700,000, and $250,000, respectively. Holmes sued King over the accounting and auditing for the Gerry Cooney fight, charging that he was underpaid by $2 to $3 million.[21] Holmes sued King after King deducted a $300,000 'finder's fee' from his fight purse against Mike Tyson; Holmes settled for $150,000 and also signed a legal agreement pledging not to give any more negative information about King to reporters."
Trump testifies in Jupiter court case: "When fascism comes to America, it will be wrapped in the American flag.." Sinclair Lewis/It Can't Happen here.
This kind of dealing is similar to the way Trump handled his conviction for refusing to rent to blacks, paying a fine but not admitting guilt. In the recent Trump University fraud conviction, again Trump paid the fine without admitting guilt. The rich can buy off those whom they have impoverished with their rip offs. In King, Trump sees a soul mate in how to defraud those you represent. I expect those who now support Trump will sadly learn this too late.
"Witherspoon being promised $150,000 for his fight with Larry Holmes, but receiving only $52,750. King's son Carl took 50% of Witherspoon's purse, illegal under Nevada rules, and the WBC sanctioning fee was also deducted from his purse.[24] He was forced to train at King's own training camp at Orwell, Ohio, instead of Ali's Deer Lake camp which Ali allowed Witherspoon to use for free. For his fight with Greg Page he received a net amount of $44,460 from his guaranteed purse of $250,000. King had deducted money for training expenses, sparring partners, fight and airplane tickets for his friends and family. Witherspoon was never paid a stipulated $100,000 for his training expenses and instead was billed $150 a day for using King's training camp. Carl King again received 50% of his purse, despite Don King Promotions falsely claiming he had only been paid 33%.[25] HBO paid King $1,700,000 for Witherspoon to fight Frank Bruno. Witherspoon got a purse of $500,000, but received only $90,000 after King's deductions. Carl King received $275,000.[26] In 1987 Witherspoon sued King for $25 million in damages. He eventually settled for $1 million out of court.[27]" wikipedia
"When fascism comes to America, it will be called Americanism" Sinclair Lewis
"Mike Tyson sued King for $100 million, alleging the boxing promoter cheated him out of millions over more than a decade.[28] It was settled out in court for $14 million.[29]
In 1996 Terry Norris sued King, alleging that King had stolen money from him and conspired with his manager to underpay him for fights. The case went to trial, but King settled out of court for $7.5 million in 2003. " wikpedia
"In 2005 King launched a $2.5 billion defamation suit against ESPN, the makers of SportsCentury, after a documentary alleged that King had "killed, not once, but twice", threatened to break Larry Holmes' legs, cheated Meldrick Taylor out of $1 million, and then threatened to have Taylor killed. Though the documentary repeated many claims already made, King said he had now had enough. King's attorney said "It was slanted to show Don in the worst way. It was one-sided from day one, Don is a strong man, but he has been hurt by this."[32]
The case was dismissed on summary judgment with a finding that King could not show "actual malice" from the defendants. Judge Dorian Damoorgian ruled, "Nothing in the record shows that ESPN purposefully made false statements about King in order to bolster the theme of the program or to inflict harm on King." wikipedia
King settled most lawsuits for six- to eight-digit pay-offs while managing to avoid a conviction of felony fraud. This mirrors the way that Trump settled lawsuits without admitting guilt.
Finally, another excerpt from Wikipedia (all documented with primary sources):
(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).
1
1
