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

  • There is Enough to File a Protest Against The IEAU Recent Elections (50)
    • Ivy: Ok I thought about this post and this comment thread a lot and I have come to the conclusion that everyone involved can make this a better...
    • jilted: The Keyword is SELECTED? So then what exactly was that thing you called a ‘ballot’ all about? And yes, as you said in another...
    • LurkingReader: @jilted Great questions. Sean Michaels may be best and the longer IEAU Blows off board selection questions the risk his tenure will...
    • SabrinaDeep: Please, Joe: tell me where i destroyed anything. Please, tell me that my post doesn’t state a fact. Please, tell me that voting...
    • LurkingReader: @joeschmoe IEAU is acting like they didn’t anticipate any dissent, disagreement or negative judgements about the new org...
    • jilted: JOe, I would argue that what Sabrina is doing IS trying to help. There is just way to much bullshit here for anyone who is REALLY concerned...
    • joeschmoe: @jilted There are pointing out legitimate flaws in the structure (which you did very well just in that one post), and there is an agenda...
    • NormalAndSane: So…my fist comment was directed towards Sabrina, but after returning to find no fewer than 40 additional comments on the...
    • jilted: OK I did not make this up. On the home page of the ‘Union’ website there is a list of Primary Issues. The fact that health and...
    • jilted: Joe, You don’t think there is something strange when the only person whose name was on the ballot to be president cannot even find...

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…..