)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.
Maybe Fortess managing member Michael Novogratz can answer some questions? http://www.facebook.com/mnovo
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I have heard a similar story about Fabian, apparently the Manwin people are distancing themselves as much as they can, letting him take the fall. Perhaps at some point in the future they may take him back on, but for the moment, all signs point to him being dumped. Don’t feel bad for him, however, because I still think he is the actual owner of the German amateur site, which is probably why Manwin is getting away from him – that is apparently the real legal cesspool.
I think the powers that be took Fabian down are take there time collecting evidence get names so when come take Manwin down no one gone be getting away from them. Manwin can be low key as they wish but there no place hide they made them self the target many law enforcement agencies who well have lots question ask them in near future. When those law enforcement agaencies get round looking in Manwin North American operation thing well get very bad for Manwin. Only time well tell if this well all happen.
I just noticed reading the RGCT document that they claim that the company is based in Montreal. Yet, wasn’t the company actually in Cyrpus? Isn’t it relocating out of Germany to Ireland?
A statement like that getting to the Canadian (and Quebec) tax man might have some amusing results. After all, Montreal is one of the highest overall tax locations in North America.
This document says that the company is doing about 140million annually. If they are the biggest company out there then what does that say about the claim that porn is a multi billion dollar industry. This is what you call ‘accidental truth.’
Alcuda is a fake MAWIN dating site developer and website host.
When it rains it pours….
There were news stories about 12-18 months ago saying that the US govt. was investigating Manwin because they could not exactly pin down who the owners were and the evidence was linking them to the owners being Middle East criminals/terrorists.