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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."

Mike South Filmography

Recent Comments

  • Trumping The Republican Party (2)
    • Karmafan: One thing is for sure… lots of dangerous gangs and cartels have made their way into the US. No one is dealing with the problem.
  • The FSC’s Propensity To Whore Itself To The Highest Bidder Has Bought An Investigation By California’s Fair Political Practices Commission (5)
    • jilted: Yes, Toby they do,,,if you google “FPPC California Enforcement” you will get their page that shows what they can do. If they...
    • Karmafan: Maybe they spent the 240k to buy a cappuccino machine and unspecified costs associated with the purchase (line their pockets).
    • jilted: The 1099 for 2013 by the FSC is now available on Guidestar.org. In 2012, on total donations of about $575,000.00(lol multibillion dollar...
    • Toby: Does this FPPC have any teeth to impose penalties should they find the allegations to be true?
  • Over the Rainbow Revisited Chapter III: The Great Divide (4)
    • LurkingReader: “At the end of it all, people with christian brainwashed thinking believe they should continue to deny people equal rights...
    • spawn777: I agree with joeschmoe that there is too much to even bother commenting on, but I will say two things: 1. The constitution is what it is....
  • I’m At A Crossroad (9)
    • spawn777: It’s easy to feel like you own a piece of someone when you follow a site as closely as I have followed yours for the couple years....
    • schlermy: Yeah Mike, I think you’d be getting out at the right time..actually it would have been good to get out around 2008. Finding good...
    • BT: Sad to say, but I get it. To that end, I’m losing my interest in watching most porn. I feel like I’ve seen it a million 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…..