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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

  • Pictures From The AVN Nominations Party (5)
    • mharris127: Common, that makes three of us that are equal opportunity offenders. Let me correct that — I won’t lambast the owner of...
    • common sense: I’m an equal opportunity offender too! Lol ;)
    • MikeSouth: Im an equal opportunity offender….LOL besides who doesn’t love pics of porn chicks? And when someone sends me pics of a porn...
  • Shy Love Is Making It Real (50)
    • mharris127: Common, not only have I never posted on PWL, I can count the times I have looked at the site on one hand. Whether you think I am...
    • common sense: Rob calling you a pedo and you calling Rob a meth head sounds interesting. I’ll have to look it up. Lol Harris, I doubt hop...
    • mharris127: Common, since you are new here I will fill you in on some history here. Rob Black has had his knickers in a knot about me since I...
    • LurkingReader: @Hunter Ok and if you’re right this wooden nickel is yours. Now that the bet is accepted we can move on to the next agenda...
    • Hunter: @Lurking I’m betting his guardian angel is telling him what to say.
  • Peter Acworth Offers Up A Conditional Surrender To Weinstein (46)
    • mharris127: Common, look at the smilie behind the comment. It was said in jest, humor is an exception to the slander/libel and threat laws. The...
    • common sense: Wow, Harris! Another one of your lunatic rantings? So you call Weinstein .. Weinfuck? Nice ..serve him a cup of coffee with a full...

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…..