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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."

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Recent Comments

  • Reader Response From Sabrina (9)
    • LurkingReader: @Sabrina Once again a breathe of fresh air! With ‘Prostitution’ defined as exchanging something of value for...
  • Did Stagliano Throw His Producers Under The Bus? (3)
    • LurkingReader: And….now we know why this report disappeared from the OSHA site between February and April 2014. The links below detail the...
    • erik2690:
    • jilted: I wonder if Karen Tynan is going to represent the producers who make content for Evil Angel when OSHA cites them, or will that be a...
  • Clover Arrested Again. At AEE (70)
    • erik2690: Making another comment is not how you stop it. You just cease the back and forth and it dies out. You aren’t required to read the...
    • erik2690: You right pieces that could certainly be considered nitpicking. You responded to the critique and then changed your reasoning several...
    • jilted: Wash, rinse, repeat. Wash, rinse, repeat. Ring around the rosie. Duck, duck, goose. One fish two fish red fish blue fish, Sam I am, I do...
    • erik2690: After “Jesse Jane” can’t get that exact name, why do you assume that “Jesse” isn’t her next choice?...
    • erik2690: I honestly don’t have a good answer. The parameters of our debate seem pretty clear, Mike said Digital owned “Jessie...
    • common sense: Wrong a number of times

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…..