Click Here For The Home Page
HOME






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

  • Happy Thanksgiving! (7)
    • LurkingReader: Happy Thanksgiving! Hope everyone is warm and safe on this memorable Thanksgiving.
    • common sense: Thanks Harris. Lol. Happy Thanksgiving to you too!
    • mharris127: Happy Thankgiving to everyone here, even Common. Everyone, be sure to eat your weight in turkey, stuffing, potatoes, gravy and pie...
  • Remember That 350 Plus Million Dollar Loan Manwin / MindGeek Got from Colbeck Capital? (21)
    • Jamie Profit: Matthew Harris: If I could tell you to your face I would. You are a piece of shit TRPWL poster. Get the fuck out of here asshole...
    • common sense: Harris… you think the rumor is true about Madrid and you wanted me to investigate ….to prove it… And my point is...
    • mharris127: What I said was that you should investigate the allegation by Whiteacre that these nicks are all from Rick Madrid. I don’t know...
    • common sense: @jilted: I have no problem with you because I think you make sense but according to an article I read somewhere else.. you used to...
    • common sense: @toby: by the way, mharris told me that the people who comment under the names, Sean Tompkins, Michael Whiteacre, Cindi Spiegler etc....
  • Shy Love Is Making It Real (81)
    • common sense: Lol thank you hop sing! That’s my point! Harris isn’t even in the industry yet he thinks he is sooo important that Rob...
    • Hop Sing: Harris: “many of us fought Donny Long for months…” “Us,” Matthew? YOU’RE NOT IN THE INDUSTRY!...

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…..