Click Here For The Home Page
HOME



Contributing Authors

Lacey Blake

Lurking Reader




CNBC Says "Mike South - South is the Nikki Finke of the porn industry. His blog, which is never short on opinion, is a must-read among industry insiders. His style is unique, but he is also a leading agent of change within the industry. There are few fence-sitters when it comes to opinions about South, but no one ignores him."

Recent Comments

  • Douglas Declares Bankruptcy (6)
    • LurkingReader: Re questions about his Bar Card…it is in California and in good standing. The CA appellate court appoints him for indigent...
    • MikeSouth: He doesnt get paid in wages or salary he bills Diane and she pays it m I have a TON of interesting info pouring in on this…..this...
    • jilted: According to free, publicly availabe 1099 tax filings of the FSC, Douglas has been paid a salary, or wages of exactly ZERO dollars by FSC...
    • mharris127: I will combine my comments on both posts here. I don’t give a damn what his personal finances look like as long as they...
    • Danny Davis: Why keep any of them around? The producers all think they are FULL of shit and keep allowing content to be stolen and put of tubesites...
  • OK I Dont Get It (4)
    • Danny Davis: Maybe they are going to get rid of mark Kernes and bring in Michael”Asskisser” Whiteacre as FSC janitor and organization...
    • LurkingReader: During Senate Appropriations hearing noticed: Tynan introduced herself as FSC rep vs previous into as simply attorney. Duke added...
    • Karmafan: I think the FSC gravy trin is going to be ending soon for some folks. FSC has been pretty impotent on just about everything they are...
  • The Christy Mack Police Report (11)
    • jilted: He faces a maximun 32 years right now as charged. Chances are charges may be added or dropped as the investigation continues. War Machines...
    • Karmafan: He will probably never get out. He should get a long sentence and most likely will be a gang enforcer in prison and get extra jail time...

Is The Department of Justice Behind The Chase Account Closures.

In researching these account closures it has become apparent that some Chase customers are unaffected and others have had their accounts closed for no apparent reason, despite Chase saying that all had Terms of Service Violations.

What has come up though is a memo from the Federal Deposit Insurance Corporation that lists Pornography (and many others) as a high risk business for defaults.  While the FDIC doesn’t require banks to close these accounts it is seen by some as a recommendation.

But the most interesting thing to come out of this is a Department of Justice initiative called Operation Choke Point.  Operation Choke point is directly targeting Payday lenders, Check Cashing Operations and Third Party Processors.

The adult industry on the internet is largely dependent on third party processors like CCBill, Paxum, Epoch and Zombaio to do billing for adult sites.  According to the Obama Administration and the Department of justice these ” third-party processors that route payments for merchants through banks are ignoring signs of fraud to rake in fees from transactions.

Chase account closures aside the industry should be keeping a very close eye on this as an attack on third party processors is at the very least an indirect attack on adult.