I have been working this story for a couple of weeks, here is what I found:
The first thing you need to do is read this document.
This is a document outlining an ” investment opportunity” from Raymond Chabot Grant Thornton based in Montreal Canada.
The document clearly is touting Manwin as “The company” and indicates it is seeking 167,000,000 dollars in financing.
The interesting part is who apparently bit and provided the financing.
I got a confidential email claiming that:
” I’d like to point out to you that Fortress Investment Group (NYSE: FIG) is the investment company that is funding many of these acquisitions.”
I made several attempts to get a response from Fortress Investment Group. I got one response that basically asked who I was and who I write for, I told them and never again heard back.
So when Fabian said in his Adult Expo keynote address that he had ” nine figures in financing from a Wall Street Bank”, it appears that he was talking about Fortress Investment Group.
Speaking of Fabian, word is now that he is out at Manwin. Which is interesting since he always claimed he OWNED Manwin, of course I always maintained that he was little more than just a front man, a fall guy….and it would appear he has taken the fall. Manwin is being tight lipped and low key right now with Feras Antoon (formerly President of Mansef) apparently in charge (probably has been all along) word is Manwin is waiting for all of this to blow over, they are no longer funding the FSC or “other un-necessary ventures”. They are hoping that this doesn’t blow back into investigations in the US and Canada. Meantime they have let go 30% of the employees in Hamburg, which was a small operation anyway. They are, however hiring many positions in the new offices in Dublin Ireland, where Fabian announced (prior to his arrest) that the new headquarters were being re-located.
The interesting thing here is Fortress Investment Group being the source of Manwins financing. Hopefully someone with more resources than I can vet this out properly.