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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

  • Want An AVN Award? This Reader Says You Have To Have Sex With Peter Warren (14)
    • MikeSouth: jenna ivory didnt write that. It’s really not good to speculate about who it may or may not be. The story isnt that a girl tried...
    • Toby: Monica, the only reference to Ms Ivory was a guess by mdxxx that she may be the author of the email Mike posted. You made a giant leap that...
    • monicaf: Here is a link to the twitter conversation tweets that were deleted: http://i.cubeupload.com/kYpdyo .jpg
    • monicaf: Tonight I referred my twitter peeps to this post (and the followup) and suggested they support Jenna Ivory IF (though not confirmed...
    • LurkingReader: @johne72 ” I found you could get more out of the women by treating them all the same and never getting sexual with them clean...
    • jilted: What a hypocrite this girl is. “I cheated, but I didnt get my prize, so now I’m going to complain about it.” And then she...
    • johne72: I have to give Peter Warren credit. He has probably used the same line on girls for 20 years. Every year 5 to 10 opportunists take him up...
    • billyboy: Here is what I truly believe is at Issue here. First I have Meet Peter twice and on a Hello nice to meet you and have a nice day basis....
  • Then and Now AVNAwardGate (6)
    • MikeSouth: I thought of that too…he is NOT in PASS
    • monicaf: So since this guy is regularly sexually interacting with active talent, does he maintain a current STD test in the PASS database? If so,...

Cyprus Freezes Accounts, AVN and Manwin Bank There

To make a long story short Cyprus banks are in trouble and they need bailing out by the EU.  The agreement being that Cyprus will levy a 6% charge on all accounts with under 100,000 euros and a 10% charge on all accounts over 100,000 euros.  The percentage taken will be converted to bank stock, which is virtually worthless.

Savings accounts in Cyprus have been frozen and ATMs are all empty.  The countries legislators will vote on this tomorrow and it is expected to pass.  Cypriot banks have long been tax shelters and places to hide ill gotten gains for eastern European crime syndicates.

Interestingly both Manwin and AVN are headquartered (officially) in Cyprus.  AVN’s Theo Sapoutzis is a Cypriot.

Manwin has been in the process of relocating it’s headquarters to Dublin, Ireland but they apparently still have cash assets in Cyprus.

Looks like people are going to have to look elsewhere to launder money now…..