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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

  • Diane Duke Blows Off Meet With HIV Positive Talent Twice and Refuses To Answer Why (7)
    • Jamie Profit: They are nothing but a fucking SCAM outfit run a stupid bunch of morons and a cocksucker ambulance chaser attorney who thinks that...
    • Danny Davis: Cameron Bay must be smoking crack and or Meth. She did a very stupid interview with that POS jew queer midget Michael Whiteacre the...
    • artwilliams: The tab on my browsers says “Diane Duke Blows”. LOL
    • artwilliams: Mike, she may think you’re a douche but she should also realize that many people industry read your blog. PR 101 —...
    • LurkingReader: @ Nick sure its fair to single out Diane Duke, her name & signature are on years of IRS non-profit documents refusing to...
    • LurkingReader: “A few weeks later I get a call from Mark that AHF wanted to help me out and give me medical attention. He then introduced me...
    • Nick East: Now, Mike… It’s not fair to single out Diane Duke on this one since she is funded by the powerhouses of the industry who...
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    • LurkingReader: @Cpan Payne’s post is using this case as an example of the government going too far…I agree with that because protocol was not...
    • CPanzram: @lurking Discussing Payne’s post, comments, and the issue of the girl. How do you come to the conclusion she wasn’t...
  • DOJ Memo Leaves No Doubt About Choke Point’s Motives (1)
    • LurkingReader: “The Luetkemeyer bill would not relieve banks of any of their responsibilities under BSA/AML or any other law or regulation....

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.