Very, very, hardy. The name comes from the fronds, looking a bit like Christmas holly. An easy-care plant. Due to their indestructible nature, they have been declared a noxious species in many places.
Keeping house plants in the dark will only weaken them and they will become soft. These have long wide leaves that arc gracefully from the stalk. As far as natural environments go, you will find that plants do not grow in the dark. There are many indoor plants that actually require quite a lot of light, too.
Dracaena fragrans ‘Massangeana’.
Also know as Corn Plant, Happy, or Fortune Plant. Apartments are often lacking window space, or may have little windows.. Primarily a low light specimen, this fellow is very hardy.
Also know as Dragon Tree. Avoid placing in direct sunlight.
Rotating Your House Plants in the Dark.
This will only work if you already have house plants growing in more favorably lit areas.
Move all your other plants one spot closer to the brightest area. For all intents and purposes, this plant is indestructible.
Japanese Hollyfern – Phanerophlebia falcata.
If you live in an apartment, this is the plant you want. Will put up with dark to bright areas and dry atmosphere.
Some of the areas defined as low light, might be the far end of the hallway, some downstairs room, bathroom, etc. If you put an already weakened plant back into some dark recess, it will only continue to weaken.
The Dracaena Family.
These plants are mostly long-stemmed, tending to leggy if left unattended, with rosettes of strap-like foliage. With a slender trunk and dark-green, elegant, drooping, fan-like fronds. If it is necessary to use artificial light to enter a room, then it is too dark to grow plants in.
The Cast Iron Plant – Aspidistra.
Long, deep green, ribbed leaves, also variegated varieties. Couldn’t be more aptly named, this is one of the toughest and most adaptable of house plants. You must introduce it to the sunlight again, gradually.
Plants Do Not Grow in the Dark
With all indoor plants, in order for them to survive, conditions similar to their natural environment need to be reconstructed – within reason. A fair indication of their tolerance to most conditions.
Parlor Palm – Neanthe Bella.
Used extensively in the Victorian era, this was a most popular plant to have in one’s parlor.
Also know as Chinese Evergreen. Indestructibility rating – high.
Climbing Asparagus Fern.
Evergreen long-lived, perennial, understory plants. It will thrive with low light, low humidity, a hot dry atmosphere and drafts. Emerging from an underground crown, the canes have backward-facing spikes to assist with climbing. They have large dark green spear-shaped leaves, that are heavily marbled with white, cream or silver and white. This plant can withstand anything from very low light indoors, to being discarded in the middle of a paddock. Reaching to 60 cm indoors.
This is a fair amount of effort just to have some plant down the end of the hall. These plants will tolerate practically any condition, including drought and saline soils. Anything with less light is, well, dark. Its bonsai-like trunk branches with age and can grow up to ten feet high. Massive root-system. You replace this plant with one of your other houseplants, that is currently getting the most light.
Along the same lines, If the plant has not regained its full health by the time you have run out of other plants to replace it with – get some more. This idea requires that you set up a system of rotation with your house plants.
Kentia Palm – Howea forsteriana
Another popular and decorative palm. Just because a plant is called an indoor plant, does not mean that it is going to survive in all places in the home. Therefore, it may pay to first assess just why you want it there in the first place. Does that area get a lot of passing traffic? Could be simpler to merely buy any of the life-like silk-plants commonly available.
If you are determined that you simply must have living plants in the really dark areas of your home, there is a way, but it requires effort. Thrives on neglect.
If you take the plant from the dark and stick it straight outside in the sun, the leaves are going to burn and, the shock will probably kill it. Leaves are a stiff spike at first, to open as a handsome fan. The fact that they are very difficult to kill, being the primary reason.
Before we start, you can Only leave indoor plants in darkened areas for a few days, three to five – at the most. Can be grown merely sitting in a bowl of stones, for stability. The basic species has narrowed, arching leaves, which are edged with red.
To define low-light, if you can still cast a shadow, or still read a book by the available natural light, then it is low-light. If all plants get the same amount of light, all good and well, just swap out one plant at a time – light for dark.
Also known as Mother-In-Law’s Tongue or, Snake Plant. This is because plants do not grow in the dark, sunlight is necessary for plant growth, even if it is reflected light.
Best Low Light House Plants.
The following plants are famous for their low light tolerance. They are also excellent for novice indoor gardeners. Usually white variegated. These plants really prefer moderate light but will adapt well to low light. Why then are people surprised at their failure when trying to grow their house plants in the dark.
Zanzibar Gem – Zamioculcas zamiifolia
These glossy, fern-like leaves resemble a cycad. Largish, branched fronds, covered in tiny little whisker-like leaves. The plant you took from the dark area, is placed in the least lighted area. Quite tolerant of extended dry periods and, low light conditions. Do not plant in the garden – too hard to kill.
You can have house plants in the dark, but you cannot just leave them there, they will die
And while only a fraction of the amount bet on basketball is bet in legal sports books, Saum argues that a legal sports book in Nevada gives illegal gamblers the outlet they need to complete a major point-shaving scheme.
“The NCAA’s basketball tournaments are made for gambling,” said Alan Feldman, a spokesman for Las Vegas casino operator MGM Mirage (MGG: up $0.29 to $35.59, Research, Estimates). He said they’re virtual loss leaders for the casinos.
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“It’s very difficult to lay $1 million with illegal bookies,” he said.
Nevada gaming executives question that claim, saying that internal controls would stop outsiders not well-known to the casinos from laying those types of bets, and that their controls have actually helped alert college sports officials about questionable betting.
Hard-core fans and non-fans alike will take their chances at picking which teams will advance in the three-week, six-round tournament, making it by most estimates the most widespread betting event in the nation every year.
“In a perfect world, we wish there were no pools,” said Saum, whose office may be one of the few in the country without such a pool come Monday. But the governing body is backing federal legislation to end the practice, saying it can corrupt its athletes and its sports.
Talk about March Madness.
Eugene Christiansen of Christiansen Capital Advisors, an expert on gaming, said that Nevada casinos, the only ones in the country with legal sports books, make only 3 cents for every dollar wagered and probably lose money on the operation 2 months out of every 12. But some of those pools on Wall Street for tens of thousands have that potential.”
And with the growth of gaming elsewhere, the sports books are an important distinction that Native American reservation casinos, riverboats and Atlantic City can’t offer.
NEW YORK (CNN/Money) – Sunday marks the start of the sporting world’s most dysfunctional marriage – the combination of college basketball and gambling.
Such interest and ratings convinced CBS to sign a new 11-year, $6 billion contract to broadcast the tournament as well as some less high-profile events, up from the $1.75 billion, seven-year deal it completes with this tournament.
And casinos say much of those basketball bets comes in during the NCAA tournament, when the total amount wagered will rival the amount bet on the Super Bowl.
Still the casinos won’t be out big money if the NCAA wins its push to ban wagering on amateur athletics since their sports books are a relatively thin-margin operation.
“Here we watch it minute by minute,” said Feldman. Apparently that’s a risk the NCAA is willing to take.”
And still nothing troubles the NCAA more than gambling on college sports. Part of the excitement of the Cinderella teams making it is that they’re long shots coming in.”
So don’t bet on either side changing their positions any time soon, even if it would be in both of their financial interests to do so.
The tip-off of the NCAA’s basketball tournament is still almost a week away, but Sunday the brackets of the 65-team tournament will be set, and by Monday morning betting pools on at least the men’s tourney will be underway in most workplaces around the country.
“The books themselves take up quite a bit of floor space, and on a cost basis are not the best use of that real estate,” Christiansen said. households last year, versus the 4.9 percent who tune in to watch the pros.
Estimates on the amount wagered on the tournament vary widely, although all put the amount wagered on college basketball in the billions.
Gambling on college sports has been very good to the National Collegiate Athletic Association, indirectly adding more money to its coffers than it ever paid to Nevada casino. “There is a reason virtually every newspaper in America prints the brackets. “We realize that putting a dollar in for fun is not going to make someone a compulsive gambler or impact the outcome of a game. The group’s surveys found 25 percent wagering on sports and 5 percent betting on their own games.
The serious risk for college sports is that athletes who get in over their heads to bookies will participate in point-shaving schemes in which they’ll hurt their team’s performance to try to give professional gamblers an edge.. He said a 1995-96 point-shaving scandal involving Northwestern University led to $1 million in bets in Las Vegas.
Nationwide gambling on the tournament has helped drive its ratings past those of even the National Basketball Association’s playoffs, as the average NCAA tournament game was watched by 6.5 percent of U.S. “When you force it underground, anything is possible. “But they try to be all things to all people. Bill Saum, the association’s director of agent, gambling and amateurism activities, says his group is worried that gambling on sports is a serious problem among college athletes
How do you turn a weakness into a positive? overcoming a weakness makes you strong. So the most important thing is that you totally apply yourself mentally to being determined to actually give it up ok. Just let it go. So you punish yourself, if you had just 10 left at that time, and you could buy McDonald’s and you’re hungry, but instead you throw it away knowing you weren’t going to win and if you did you were going to gamble that anyway(may or may not apply to you this i don’t know) But you do begin to punish yourself.
Now you have to switch off from this impulsive mind with a flurry of thoughts you know like ”if only i did this, if only i bet on them, i was close this time, i used to win i probably just got sloppy, if i study the form etc harder then i’d be winning, i’ll train my brain to keep control if i lose then i’ll begin to win on average”
Switch straight off from all these thoughts, they are totally irrational, addictive needs outweighing everything else. but somewhere inside you, you know there’s a much bigger chance you’re going to lose a lot more trying to get it back. There’s a lot of people with gambling problems…you’re not here because you’re undisciplined you can be as disciplined as you like you’re still going to lose, being undisciplined Just means you lose money quicker.
It becomes self hating, you almost hate yourself. The weakness is not being undisciplined… It’s hard to say it’s gone, but it is. Let it go. Let me put this scenario you win all your money back…however you try to brainwash yourself into contemplating this scenario, if you win your money back you’re not gonna feel strong not 1 bit, you’re gonna maybe have 1-2 days where you sorta celebrate think you’re done, before you feel weak and like you need to gamble again, and you won before you can win again, and you’re ok for money now so if you lose a bit you’ll keep your head….trust me 1 week later it’ll be all gone again.
First of all realize you could hear all the right things, get the best advice possible, have all the help you need, and if you’re not 100% truly committed to giving up gambling within yourself there’s still a high chance you’re going to end up continuing gambling. And you know yourself you don’t really want to do it, and know it is not going to work out no matter what. Totally wipe it out. Over. All humans make mistakes. That will restore your ego. So here you have to look at it, you’re a human ok. Don’t even think i’ll work and now im getting some back. it’s allowing yourself to gamble when you know you’re more than likely going to lose. and it’s your mind trying to force yourself to believe that you can almost change the past in the future. Hope i helped
Have you ever been losing a lot, say you got 40 a left…you know you’re going to lose it 99% and you’re already desperate depressed, but you basically throw it away anyway?
If you overcome the weakness that means not gambling getting on with life you will be stronger better and your ego will return to where it should be, and you can look back at this horrible predicament you was in and think im so glad im not there and not going to return.. And a lot of humans suffer at some point in their life with an addiction. Remember don’t punish yourself.
You begin to want to stop but you cannot pull out right? because you’re down or you just want 1 more go, or whatever.
You see you feel weak when you lose, helpless yes. Mistake happened..money gone. That’s imperative.
There is barely anyone out there who actually makes a worthwhile income from gambling, Just bookies Casino’s and maybe a handful of poker players.
If you can envision 2-3 years ahead you haven’t gave up, you’re losing everything you make, you’ve got nothing left, you feel depressed like you’ve wasted valuable years of your life, you’ve let everyone close to you down, you don’t feel like you can recover…right then you can cry you can be even suicidal…your ego is crushed.
OK peace dude. There will just be different ‘reasons’
In your mind right now you think this place owes you money and you want it back.. Start fresh.
Whatever your issues, personal problems, or confidence issues sort them out in other ways..gambling is not a solution, a cure or a friend..it’ll bring you down keep and you down
This is a long question, but i can help you here. I helped many people stop gambling.
I may write a lot, but try and read it all!
gambling is the easy option the weak option it makes you weak…but doing the right thing however hard it is, is what makes you stronger. You have to forgive yourself
The Securities and Exchange Commission warns that “investors in penny stocks should be prepared for the possibility that they may lose their whole investment.”
And though he’s earned a million in trading profits, Grittani says he’d like to eventually get to the point where his personal net worth exceeds $1 million. He is sometimes in and out of stocks within minutes, and the longest he ever holds shares is a few days..
In fact, the trade that officially pushed the value of his portfolio over $1 million was a short bet against a company that had been the target of a pump-and-dump scheme. “But at casinos you play with low odds. The key is to buy them ahead of the crowd,” said Grittani.
How did he do it? Not by buying and selling stocks of large and well-known companies like Apple (AAPL) or Ford (F). For the past five years, Sykes his been teaching his strategies through the sale of instructional newsletters and video lessons.
Along those lines, Grittani’s biggest win over the past few years was a quick trade in Fannie Mae (FNMA). He knows what to look for and recognizes how to make money out of pump-and-dump scams without doing any pumping or dumping himself.
Earlier on in college, Grittani played poker and made wagers on sports games to make money. So he took a shot at investing.
Plus, penny stocks are notorious for being part of so-called pump-and-dump schemes, in which scammers buy up shares and then promote it as the next hot stock on blogs, message boards, and e-mails. “But within a few weeks I lost half my account and decided I needed some outside help.”
After receiving an e-mail about what he felt was a pump-and-dump scheme targeting Amwest Imaging, Grittani plowed $3,000 into the company. He spent a few months learning about Syke’s theories and eventually started trading. Though he didn’t benefit from the entire plunge, Grittani walked away $8,000 in ten minutes.
Grittani learned about penny stocks from Tim Sykes, who is famous for turning his Bar Mitzvah gift money of about $12,000 into millions by day-trading penny stocks while in college. He currently estimates he’s worth $650,000, and anticipates he’ll reach his goal “within the next year or two.”
“I think it’s mainly for people who are gamblers,” said Sykes, who taught himself all about trading. Once the stock price is artificially pumped up by all the talk, the scammers sell their stake, leaving unsuspecting investors with big losses.
So what’s next for Grittani now that he’s hit the $1 million mark? He plans to continue to day trading for at least another two years before taking time off to travel.
Grittani had noticed shares of a company called Nutranomics, which trade over the counter under the symbol NNRX, had shot up due to what he felt was the manipulation of scammers: the stock had tripled in just a month. Instead, Grittani trades penny stocks — very small companies that typically have a price below $1.
Tim Grittani (left) began day trading penny stocks with $1,500 three years ago. But he lost all of that over the course of a year and decided he needed to quit gambling. But within six months, Grittani made his first big winning trade.
Sure enough, the stock tumbled almost 60% in the span of 23 minutes. By following the lessons of penny stock guru Tim Sykes (right), Grittani has raked in over $1 million in profits.
But Grittani and Sykes both go out of their way to point out that trading in penny stocks is not the same as long-term investing. (Amwest Imaging has since changed its name to Intertech Solutions, trading under the symbol ITEC.)
Related: Invest your way to $1 million
“I’ve been trading every single day for almost three years, and it’s been a slow, day-to-day process,” Grittani said. At one point he was $1,300 in the hole. Last Monday, Grittani detected that the stock was losing momentum, and he felt that at the very least a small pullback was imminent.
“That’s the kind of volatility penny stocks have when they are promoted. The first few months were rough. He spends the entire trading day in front of a computer screen, in order to buy and sell stocks at the right time. Figuring that it would eventually collapse, he sold his stake within 10 minutes. While there wasn’t a particular news catalyst that prompted him to look at the government-sponsored mortgage giant, Grittani spotted increased volume and activity that suggested the stock would tank and then bounce back. When investors short stocks, they borrow shares and sell them with the hope of buying it back later a lower price and pocketing the difference.
Grittani scoured the internet and eventually came upon Syke’s story. And it’s not for everyone.
CNNMoney (New York) December 16, 2013: 11:57 AM ET
Grittani first learned about Sykes in early 2011, when he was a senior finance major at Marquette University in Milwaukee.
But Grittani has been able to profit because it’s such an inefficient market. He had some luck, including a $9,000 win from a sports bet. But that was enough to book a 70% gain, or $2,000. This is not a strategy for your retirement accounts.
So why trade penny stocks? Many of these companies are speculative because they are thinly traded, usually over the counter instead of on major exchanges like the New York Stock Exchange. With penny stocks, there are patterns that are very predictable.”
Related: What does it take to be wealthy? $5 million
“I started by opening an account with $500 to see what I could pick up on my own,” said Grittani. Through a combination of long and short trades, he raked in $215,000 in one day.
Related: 5 most common financial scams
He’s the first to admit that it’s a risky strategy
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Cohan is a Fortune contributor and author of a forthcoming book on Goldman Sachs.
Forstmann says Agate acknowledged he had “hit rock bottom” last April, writing to him in an e-mail, also included in Forstmann’s court papers: “I was evicted from my three previous residences, my car was repossessed, my residence has been burglarized three times (twice while I was hiding in the next room), resulting in a substantial financial loss. There are many factors, including who made the actual bet, how, where, and with whom.
In February 2008, in a lawsuit filed in state court in California, Agate claimed Forstmann breached an agreement to compensate him for not getting the Next Level stock and then filed an amended complaint that resembled the one he filed in September 2010. Over the course of two lengthy interviews, Forstmann did his best to try to put the matter behind him, acknowledging the bets but repeatedly describing them as financially insignificant to him, merely recreational and simply a way to spice up an otherwise drab weekend.
But this was the opposite of the script Sutton had written for himself. The Tennis Integrity Unit has said such betting violates its rules but that Forstmann’s betting occurred before its creation; an NCAA spokesperson says Forstmann is not under its jurisdiction “but that the expectation is that those providing services to the NCAA will not wager on sports.” While Agate, by all accounts, including his own, seemed to grow increasingly desperate and unstable, Forstmann has come around to the view that he made a mistake; he has since instituted a ban on college-sports gambling at IMG.
Agate also claims Forstmann bet “several times against” Tiger Woods, also an IMG client, to lose to Vijay Singh, another (now former) IMG client and onetime friend of Forstmann’s. Even so, Sutton was impressed by Forstmann’s knowledge of the college-sports market and his vision for the combined businesses.
When Ben Sutton read the allegations about Forstmann’s rampant betting, he called him for an explanation. The new policy does permit employees to gamble legally on other sports in which IMG has a role as long as the employees comply with rules and laws pertaining to such bets.
At that point Forstmann hired private investigators, who revealed, as Forstmann detailed in court filings, that Agate had dozens of addresses in the past 20 years and 19 judgments and liens filed against him, and that he owes hundreds of thousands of dollars in back taxes. Cohan, contributor
Agate was always scrambling for money, Forstmann says, and would occasionally hit up his rich golfing buddy. (Forstmann denies the existence of any such agreements.)
Ted Forstmann’s foe, James Agate, says another complaint is in the works.
By William D. But James Agate has proved nothing if not a persistent foe. 3, in the wake of the allegations, to implement at IMG the “anti-gambling policy” that prevents any employee from wagering on college sports of any kind. (In an interview at presstime, Agate told Fortune that he only asked Forstmann to “honor promises” he had made.)
Forstmann with current companion Padma Lakshmi at an Alzheimer’s Association benefit at the Waldorf Hotel, October 2010
Forstmann in his New York City office in front of a portrait of his grandfather
Tiger, Peyton and 10 more star clients of IMG. “People like Mr. True or not, it doesn’t look good.
What sealed the deal for Sutton, though, was Forstmann’s invitation for Sutton and his son to attend Wimbledon in July with the never-married Forstmann and his two adopted South African sons, Siya and Everest. For the first time since Agate filed his allegations against Forstmann, Fortune stitches together the multitude of Agate’s accusations against the billionaire, which date back to litigation in 2008 (and involve disputes that go as far back as the late 1990s). Sutton took most of it in enough IMG stock to make him one of the nine largest shareholders in the privately held company. 27 court filing, citing Forstmann’s phone records. “I said, ‘I want to know everything.’” Forstmann reassured his new partner he had done nothing wrong and had not gambled on college sports since becoming active in the college-sports business. James Agate, a scratch golfer, printing company owner, and one of Forstmann’s former Los Angeles golfing buddies, filed a civil suit in California state court accusing Forstmann and IMG of some behavior that got Sutton wondering about the deal he had just made.
Accusations go beyond betting
Which means Forstmann remains a very wealthy man. He is an ex-narcotics detective in the Bronx. “He always had financial difficulties, like a lot of young guys that are up and down, up and down,” Forstmann says. Agate said Forstmann separately promised to give Agate Printing lucrative contracts. Sutton’s ISP, with its lock on the Southeast market, was key to Forstmann’s plan to build a national footprint.
Forstmann says he believes some of the data — but not all — that Agate released is inaccurate. There’s IMG’s new joint venture to create basketball and soccer leagues in India, and similar partnerships in Brazil and China. For the first time, Forstmann says, Agate threatened to include a copy of Forstmann’s betting records. (“I’ll tell you how nuts this is,” Forstmann explains, escorting a visitor out of his office. “That’s how I paid the rent.” He says he can now afford to make hundreds of thousands of dollars of perfectly legal bets. (Agate, in turn, alleges that he passed the money on to bookies in Nevada and Costa Rica.)
Their relationship began to change in 2007, Forstmann told Fortune and has detailed in filings in response to the lawsuit, as Agate’s financial situation became more dire. “I never thought about it at all. They were minor bets. They were to make boring Sunday afternoons more interesting.” He says his French Open bet was simply a way to root for Federer.
Was my sports bet legal?
In April 2007, Agate says he learned that the IRS was coming after him for $1 million from the revenue that Agate Printing seemed to be generating thanks to the checks coming in from Forstmann’s gambling. Agate alleged that on the night before the final match Forstmann had spoken to Federer by phone and obtained “inside information” from him and then increased the size of his bet three times. “Which just annoyed the living shit out of me,” Forstmann says. All hell broke loose.
The legality of sports betting is complex. After Agate declined the offer, and then declined a higher offer, of $300,000, Forstmann’s lawyers allegedly told him he was on his own. “I asked Ted,” Sutton said. The Suttons had a great time, and Ben Sutton was particularly impressed by the interaction between Forstmann and his sons. (Of course, by betting for Federer in 2007, Forstmann was necessarily betting against IMG client Nadal.)
Last spring, in his office in the GM Building, 45 floors above Fifth Avenue, Ted Forstmann, now 70 years old, began wooing Ben Sutton. The next day, Agate filed an amended complaint that included a bombshell allegation: that Forstmann had used Agate’s company as a betting conduit through which he made hundreds of individual wagers, totaling as much as $7 million, on a plethora of sporting events over eight years.
The details of Forstmann’s alleged behavior contained in Agate’s second complaint go beyond betting and are plenty sordid. But the unanswered question is why Forstmann was involved with Agate at all.
In September 2007, according to the lawsuit, Forstmann’s lawyers from Kirkland Ellis offered to settle the dispute by giving Agate $10,000 per month plus the payment of his medical bills and country club fees for a year. The making of a bet in California or New York can be legal, but the taking is not necessarily. Agate wanted Forstmann to honor his indemnity agreement and pay the IRS.
Allegations of sports betting and more have cast a pall on the buyout king’s comeback. Forstmann acknowledges he used poor judgment. Sutton was especially worried that Forstmann might have been betting on college sports at the same time IMG was representing college-sports programs. It’s not at all accurate,” he told Fortune. Without the money he was hoping to get from litigation, Forstmann says, Agate started asking him for financial help. 11, IMG closed on its acquisition of Sutton’s company. Reached on his cellphone in early January, Agate did not want to talk long. Forstmann as the lottery,” Forstmann’s public relations firm said in a statement. “I am on the side of right here,” he said before hanging up, “and another complaint is coming.” Unfortunately for Teddy Forstmann, he could probably bet on that.
Sutton was further heartened by Forstmann’s decision on Dec. As its cash flow nears $200 million, by Forstmann’s estimates, IMG’s value has risen beyond the $750 million he paid for it to closer to $4 billion or $5 billion, ensuring that Teddy Forstmann’s tombstone may ultimately read the way he says he’d hoped it would: THANK GOD HE DIDN’T QUIT! — a reference to the fact that many people thought he was washed up after Forstmann Little lost over $2 billion investing in emerging telecom companies a decade ago.
That’s when Agate gave a copy of the proposed suit to gossip website TMZ. Forstmann says he preferred to bet through Agate, whom he has known since 1988, rather than make bets through a bookie or in Las Vegas. (Forstmann blames his high-priced lawyers for this mistake.) Agate again threatened to reveal Forstmann’s betting. “And I said that to him then: ‘We need to do this.’” They shook hands and started to put the deal together; Sutton would become the head of the newly renamed IMG College.
That wasn’t good enough for one blogger, who called Forstmann the “Pete Rose of tennis.” And the seriousness with which Forstmann is taking the dispute is evident in his replacement in this situation of Sard Verbinnen, his longtime PR firm, with Mike Sitrick, one of Wall Street’s favorite crisis managers.
Agate’s allegations go on, claiming the disagreement with Forstmann led to the dissolution of his marriage and his business, and ultimately required him to seek “professional counseling and therapy from a clinical psychologist.”
In the suit — which, of course, anyone can file along with the requisite filing fee — the 49-year-old Agate (pronounced AG-ett) said Forstmann and his companies IMG and 24 Hour Fitness (the other remaining company in Forstmann Little’s portfolio) had breached promises Forstmann had made to him and his defunct company, Agate Printing. “There was a period of time in my life when I actually got along by my wits that way, by playing cards and backgammon and golf and so on [for money],” he says. “In my life, I’ve kind of lived by the mantra ‘Do the right thing the right way at the right time,’” Sutton says. Even if you believe Forstmann’s version of events — a California judge has pushed the dispute between the two men into arbitration, which has yet to begin — the whole episode is unsavory and has lasting ramifications. This time, Forstmann says, he gave him a few choices for paying up: start a charity and name Agate to run it (“That’d be like putting the fox in the chicken coop,” Forstmann deadpans); start a real estate company and put Agate at its head; or sponsor him to play on the World Series of Poker tour.
Truth be told, Forstmann has been betting his whole life. “You don’t think that the fact that you’re making a bet is going to get into the newspapers.”
But days after Forstmann made his last payment to Agate, in April 2010, as detailed in his court filings, he got an e-mail from Agate wanting more. That’s the end of it.” Agate got his money, Forstmann says, “for doing absolutely nothing except being an extortionist.”
Legal or not, after Forstmann bought IMG, which represents major sports stars, and then kept placing bets through Agate — often on IMG’s clients — his gambling fairly reeked of poor judgment. Generally speaking, betting for nonparticipants is often legal, but it varies by state. IMG was the enemy and, if anything, Sutton wanted to buy IMG’s college business. In interviews with Fortune and elsewhere, Forstmann has acknowledged betting on Federer to win the match but says he did not speak with the tennis star beforehand. According to Forstmann, Agate was asking for $4 million but agreed to take $575,000. (In the end, defending champion Nadal won the match in four sets, and Forstmann lost his bet.)
But the broader story and perhaps Forstmann’s bigger mistake seems to be this: Somehow, while living the glamorous life of being Teddy Forstmann — making deals, jetting around the world, playing golf, and dating celebrities (he has recently become embroiled in a tabloid custody battle between model, actress, and Top Chef host Padma Lakshmi, his current companion, and Adam Dell, the brother of Michael Dell, over their infant daughter) — he became involved with a somewhat questionable, highly litigious character whom a basic gut-check should have told him to avoid. This time, cleverly exploiting a loophole, Agate threatened to sue Forstmann with Agate Printing as the plaintiff, since the settlement did not properly bar Agate Printing from suing Forstmann in the future. But he says he agreed, to “just make it go away forever.” Forstmann signed the agreement on April 2, 2009, demanded a letter of apology, and thought, “Well, fuck it. And now he’s arrived here.”)
A few weeks later, hearing nothing from Forstmann, Agate filed the amended complaint with the betting information. Agate’s charge “defies logic and common sense,” they wrote. “I trust him on that and believe him.”
-William D. The gist seems to be that Forstmann has always liked to gamble on sports, on card games, on his own golf matches — the words “I bet you” are part of his everyday vernacular — and for years used Agate to help him make bets on all kinds of professional and collegiate sports. Forstmann sees these ventures as the future of IMG as the agency moves from being strictly agents to principals in the business. (Agate confirms the list “sounds familiar.”)
Also on Fortune.com:
A month later, on Oct. Agate says he did not receive his shares and was upset Forstmann didn’t come to his defense in a subsequent arbitration. His demands appeared to amount to less than $10 million — small potatoes for a billionaire like Forstmann but an unwanted nuisance nonetheless.
But the story that emerges from Agate’s court filings and from Forstmann is plenty complicated — not unlike the lives of the two men themselves. “It’s just the ramblings of an insane person,” Forstmann says.
A few months later Agate decided to drop the case against Forstmann, but soon he was back with news he was going to sue him in New York. I am still massively in debt to the government …” This time, Forstmann decided to call Agate’s bluff: There would be no payoff.
The allegations immediately made headlines — mainly for the charge that on June 9, 2007, Forstmann had bet $40,000 that IMG client Roger Federer would defeat IMG client Rafael Nadal to win the 2007 French Open the next day. I have been kicked out of both golf clubs and no longer play golf. “I take him at his word,” Sutton told Fortune. (Agate says he’s lived in four homes in that time and the others were investment properties; in response to the other allegations, he says, “I am an open book.”) Forstmann says a friend in law enforcement, concerned by Agate’s e-mails, urged him to hire an armed guard for protection. Forstmann says he was incredulous the suit could be refiled in another state, but his lawyers told him he should settle because the release of the bets could be embarrassing. Betting on college sports sounded wrong to him. Forstmann was served the lawsuit, plus a copy of the still-unfiled complaint with the betting records, two days later on a Saturday in the parking lot of Shinnecock Hills Golf Club, near his home in Southampton, N.Y.
The strategy was classic Forstmann: visionary, opportunistic, and persuasive. In exchange for those services, Agate claimed, Forstmann verbally agreed to “personally indemnify” and “hold harmless” Agate Printing from any tax liability arising from the checks and wire transfers Forstmann and IMG made to his company to cover Forstmann’s gambling losses and escort services. He prefers to talk about all the opportunities IMG has in front of it. Forstmann claims Agate’s original beef with him dates back to the Internet bubble, when Agate claimed he was promised a 5% stake in Next Level Communications, a lucrative IPO Forstmann was involved in through his ownership of General Instrument. He says he grew up playing games for money, a skill that helped him get by in his post-college years. Forstmann’s lawyers said he never would have bet against Woods since IMG represented him and would benefit if Woods won tournaments. Forstmann, the once-peerless buyout king, is the chairman and CEO of IMG Worldwide, the sports, media, and fashion powerhouse he bought for $750 million in 2004 with the last of his buyout firm Forstmann Little’s institutional private equity funds. “When you go out the door, you will pass a very big guy with a gun. “No such call ever happened,” Forstmann’s lawyers wrote in an Oct. (Forstmann Little owns around 85% of IMG, with Forstmann himself owning an unspecified chunk of that piece.) Sutton now had his own future and his family’s riding on Forstmann and IMG.
What about the appearance of poor judgment in making bets on sports at the same time that he owned IMG? “I never thought about it that way,” he says. “This may be some bad word use, but if you made me bet on whether it was or was not accurate, I would bet a very big number. After all, he was the private equity mogul who had made billions for his investors — and himself — buying and selling companies such as Gulfstream Aerospace, General Instrument, and Topps; he was also the guy who had persuaded the family members and estate trustees of the late IMG founder Mark McCormack to sell the company to him.
By the end of July, IMG had announced the purchase of ISP Sports for around $100 million (Sutton won’t confirm the price). Agate’s main claim was that for years Forstmann had agreed to protect Agate Printing against unspecified “future liabilities” and had agreed to steer some printing business his way, but had failed to do so. Agate’s documents suggest Forstmann’s last college-sports related bet — $2,000 on March 31, 2007, that Ohio State would win its NCAA basketball tournament game — was two months before IMG entered college sports. As the trees in Central Park outside the window were starting to bloom, Forstmann told Sutton that IMG wanted to buy ISP Sports, the regional college-sports licensing and agency business Sutton started in North Carolina in 1992.
Much has been documented about Agate’s allegations against Forstmann, and while the truth is still murky, one thing is indisputable: Thanks to his former golfing buddy, Forstmann, a lifelong gambler — both literally and figuratively — has found himself back in the limelight and in the center of an unwelcome scandal. “But it achieved in the press a biblical patina.” In December the court threw out Agate Printing’s case and placed the matter in arbitration. Forstmann is also seeking arbitration against Agate for violating the terms of the 2009 settlement.
Forstmann says he hopes the media attention on his betting will now subside. In addition to acting as Forstmann’s “betting conduit” during their 20-year relationship, Agate alleged he also was responsible for plying Forstmann with “dates and interludes” with “escorts, models, and other people” — men to play golf with him and women for unspecified purposes. Agate claims that when his lawyers pressed them further, Forstmann’s attorneys intimidated Agate’s attorneys, causing them to quit.
A l0ng and complicated history
Not surprisingly, Forstmann has a different perspective on his James Agate problem, which can best be summarized as a feeling of being “extorted” by a desperate man. Forstmann says Agate was “not very smart” and “not really fun to be with” but that he was a good golfer and could always organize a game.
Additional reporting from Daniel Roberts
Forstmann’s idea was to merge ISP Sports with IMG’s three-year-old college-sports business to form a national sports-marketing company that could offer big advertisers access to the growing ranks of consumers addicted to college sports. There’s Sutton’s college-sports unit, which Sutton says is on track. His relationship with “Aggie,” as he called him, started in Los Angeles, where Agate was a member of several golf clubs but Forstmann was not. He said he loaned Agate a total of around $50,000 over the years and “never expected to get it back — and never got it back.” (Agate says the only loan he took from Forstmann was for $15,000 and that Agate took the amount off what Forstmann still owed for gambling losses.)
But in the beginning of September, while the Justice Department was reviewing whether the combination of ISP Sports and IMG violated antitrust laws, something unexpected happened. Agate look at people like Mr
“['Mad Men'] has been a single constant of my creative life in the last decade, so that’s kind of tough. He got divorced. And he reportedly once punched himself in the face.
“Turning Tony — anxiety-prone dad, New Jersey mobster, suburban seeker of meaning — into a millennial pop-culture icon, the character’s frustration, volatility, and anger had often been indistinguishable from those qualities of James Gandolfini, the actor who brought them to life,” GQ wrote after the actor’s death at age 51 in 2013. Deadline Hollywood called Hamm’s trip to rehab “a surreal case of life imitating art.”
“The news does change the narrative in the final promotional push for AMC’s celebrated first original series,” Nellie Andreeva wrote. There were problems with drugs. “They have asked for privacy and sensitivity going forward.”
After a long struggle in Hollywood, Hamm, 44, became famous in 2007 for playing alcoholic, womanizing Don Draper on the landmark AMC series. After Gandolfini first inhabited New Jersey mob boss Tony Soprano on “The Sopranos,” which debuted in 1999, his personal life seemed to get worse. He won a Golden Globe in 2008 for the role, and has been nominated for an acting Emmy seven times.
TMZ reported that Hamm completed a program at Silver Hill Hospital in New Canaan, Conn., at the end of February. “Don Draper was blown up in a ditch in Korea. sad.”
He added: “This is a fundamentally f–ked up human being.”
But some quickly drew a line between the real man and the ad executive who specializes in behaving badly. “It also raises the question about the toll of playing an anti-hero.”
Andreeva pointed out another case of an actor who perhaps got too deep into a role: the late James Gandolfini. That whole ‘Be Don Draper’ thing, I feel it’s … The publication called it a “high-end facility,” and the hospital is affiliated with Yale University.
After an eight-year run, “Mad Men’s” final season will air this spring.
“There’s no version of this ending that is not super painful for me,” Hamm said last year, as The Washington Post’s Hank Stuever reported. Jon Hamm, alcoholic exec on ‘Mad Men,’ exits rehab for alcohism – The Washington Post
Elisabeth Moss and Jon Hamm in AMC’s “Mad Men.”
After a 30-day stay, “Mad Men” star Jon Hamm has been released from a rehabilitation center where he sought treatment for alcohol addiction.
“With the support of his longtime partner Jennifer Westfeldt, Jon Hamm recently completed treatment for his struggle with alcohol addiction,” a spokesman for Hamm said in a statement, as the Associated Press reported. “It was a punishing role, requiring not only vast amounts of nightly memorization and long days under hot lights, but also a daily descent into Tony’s psyche–at the best of times, a worrisome place to dwell; at the worst, ugly, violent, and sociopathic.”
. He would disappear from the set. Yeah, I will be happy when [the final episodes] air and I don’t have to fake like I don’t know how the show ends [but] I will never be able to have this again, and that’s a drag.”
[Jon Hamm and others discuss a 'super painful' (but 'satisfying') end to 'Mad Men' at TV press tour]
In the past, Hamm has tried to draw a bright line between himself and the character he plays on television.
“There is no Don Draper,” he told Esquire last year
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Cauliflower Candy Recipe: How to make it step-by-step, in pictures
Two cookie sheets of cauliflower candy roasting in the oven.
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Roasted vegetables even kids love to eat!
The cauliflower candy as it comes out of the oven, prior to serving.
How to Prepare Spiced Cauliflower
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. Cut two heads if you want leftovers.”/>
See all 6 photos
In a large bowl, toss cauliflower with butter or oil or butter-oil mixture, coating evenly.
This roasted, spiced cauliflower recipe is extremely simple to make, and even people who say they do not like cauliflower, or who don’t like veggies period, tend to like this spiced cauliflower dish.
A friend gave me this cauliflower recipe, saying her kids call it candy, and that it is the one vegetable dish they BEG her to make.
Spread florets on a baking sheet in a single layer and roast in oven until fork tender, at least 20 minutes, and maybe longer.
Serve as a side dish, or place on a platter with toothpicks to serve as a passed hors d’oeuvre.
In a small bowl, combine sugar, salt and spices. Sprinkle onto cauliflower and mix with hands, ensuring that spice mixture has been evenly distributed on the cauliflower.
I have made it for dinner parties, to rave reviews. Cut two heads if you want leftovers.” title=”Choose a fresh head of cauliflower, one with a tight crown. Though the recipe calls for one head of cauliflower for 6 servings, I like to roast two heads of cauliflower, as this dish tastes great as leftovers and is a fabulous healthy snack to have on hand.
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The finished product! Put in a bowl to serve family style, or pass it on a tray with toothpicks to serve it as an hors d’oeuvre at a party.
Cut the cauliflower head into florets before coating it in melted butter or oil, preparing it for the spice mixture.
See all 6 photos
Preheat oven to 475 degrees.
Combine sugar and spices to coat the cauliflower prior to roasting.
Choose a fresh head of cauliflower, one with a tight crown
Many fans believe (and stats back it up) that this year’s Super Bowl truly features the two best teams in all of the NFL. You can check out the piece here.
Super Bowl week kicked into high gear as fans, journalist, and players from the Denver Broncos and the Seattle Seahawks took part in Super Bowl 48 Media Day.
. ESPN.com has posted a very good read backing up that theory, which can be viewed by clicking here.
Fox Sports.com has a nice piece up listing some of the better prop bets for Sunday’s game.
Finally, I feel this game will be very close and come down to which team commits the least penalties. Kick-off is slated for just before 6:30 p.m. As of this morning (according to Covers.com), the Denver Broncos are a two point favorite over the Seattle Seahawks with the over/under sitting at 48.5. Those bets include how many times Peyton Manning says “Omaha”, how low the temperature will get during the game, and will the first touchdown of the game come from a passing play or running play. I’m going with Denver 28, Seattle 27 (Seattle with the points and the over).
Super Bowl 48, which takes place at MetLife Stadium in East Rutherford, New Jersey, is just two days away. EST with temperatures expected to be around 40 degrees at kick-off (according to Yahoo.com)