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-   -   Francis Koenig - A Ponzi Scheme? (https://gfy.com/showthread.php?t=880413)

U.R.A.M.F.S 01-08-2009 11:18 PM

Francis Koenig - A Ponzi Scheme?
 
Haha. Gene Ross strikes again -
********.com

Crocodile writes on xxxporntalk:

Francis Koenig, manager of hedge fund AdultVest, tells The Atlantic Monthly his hedge fund returned 50% last year by investing in porn-related assets, both public and private. The story fits with the common perception that sin and sex sell in any environment.

We asked Koenig what, exactly, he's been investing in that's bucked the trend, but he was unwilling to go into much detail. He noted AdultVest bought some porn domain names, which have been appraised at higher values, but which haven't been sold. He also mentioned AdultVest's stake in iPorn -- a startup doing porn for the iPhone. But iPorn hasn't launched yet so any value is going to be difficult to determine.

Coke Stevenson writes on XPT:If it looks too good to be true, it probably is. Frances Koenig doesn't know anything that his competitors don't know. In fact he knows a lot less. If this is a Ponzi scheme or something shady, he was incredibly stupid to claim a 50% gain. As if no one would notice. We should hear after people try to withdraw funds.

Money laundering is a possibility. More likely Koenig started losing money but wanted to keep the lifestyle/successful image going, so he started lying on paper and doing the ponzi thing with new investors. If this is where all the successful porn scumbags have put their money, it could devastate the industry.

seeric 01-08-2009 11:23 PM

what i think is really funny is that if you go to the iporn website on your mobile iphone, the site works like shit. there's no way to register, the site times out and misfunctions all over the place, and when you watch one of the movies and then go back it takes you out of the site and back to the warning page. not to mention there is no way to take money on it. how do you make money if there's no way to join, no advertising, and the site doesn't function properly on the sole device it was created for? the movies are all crappy old eurotrash movies from the looks of it. this thing could have been so awesome.

ExLust 01-08-2009 11:39 PM

In other words they must improve their sites first and be productive from it.

Insomniak 01-09-2009 12:09 AM

I just tried iporn.com on my ipod touch, not too impressive but it basically worked.
That quality sure doesn't explain all the money they have burned.
Factoring domain name appraisals in to their gains is a huge joke.

mynameisjim 01-09-2009 12:16 AM

I wanna party with Coke Stevenson.

WiredGuy 01-09-2009 12:21 AM

Is there a site? I created an account but there's nothing after that. No login, no members area, no ads, what is this thing?
WG

U.R.A.M.F.S 01-09-2009 12:35 AM

Quote:

Originally Posted by WiredGuy (Post 15301865)
Is there a site? I created an account but there's nothing after that. No login, no members area, no ads, what is this thing?
WG

:1orglaugh:1orglaugh:1orglaugh:1orglaugh:1orglaugh :1orglaugh


:thumbsup:thumbsup

WiredGuy 01-09-2009 12:37 AM

Did people seriously invest in this based on this website? Wow.
WG

doridori 01-09-2009 12:42 AM

wow....a "porn hedge fund"

what was it $4 million dollars? pissant amount to be called a hedge fund. my school has an fund 5 times that, managed by students, who dont get paid a dime.


did people on gfy seriously invest in this ???

U.R.A.M.F.S 01-09-2009 12:49 AM

Quote:

Originally Posted by doridori (Post 15301884)
wow....a "porn hedge fund"

what was it $4 million dollars? pissant amount to be called a hedge fund. my school has an fund 5 times that, managed by students, who dont get paid a dime.


did people on gfy seriously invest in this ???

do your students creampie pornstars?

DamageX 01-09-2009 01:21 AM

Quote:

Originally Posted by U.R.A.M.F.S (Post 15301690)
If this is where all the successful porn scumbags have put their money, it could devastate the industry.

Most successful porn scumbags are successful for a reason, they know what works and what doesn't. How many do you REALLY think would be willing to invest big bucks in a venture that appears to have little chance of success? I know, I know, greed tends to get the better of most, but still, few successful people are THAT stupid when they know the industry their money is being invested in.

doridori 01-09-2009 01:23 AM

Quote:

Originally Posted by U.R.A.M.F.S (Post 15301897)
do your students creampie pornstars?

i am a part of it but i think sometimes school owes us, they take away all the money from us, we work for them, we'd like some compensation besides "honor" as currency.

grumpy 01-09-2009 01:50 AM

Quote:

Originally Posted by U.R.A.M.F.S (Post 15301690)
Haha. Gene Ross strikes again -
********.com

Crocodile writes on xxxporntalk:

Francis Koenig, manager of hedge fund AdultVest, tells The Atlantic Monthly his hedge fund returned 50% last year by investing in porn-related assets, both public and private. The story fits with the common perception that sin and sex sell in any environment.

We asked Koenig what, exactly, he's been investing in that's bucked the trend, but he was unwilling to go into much detail. He noted AdultVest bought some porn domain names, which have been appraised at higher values, but which haven't been sold. He also mentioned AdultVest's stake in iPorn -- a startup doing porn for the iPhone. But iPorn hasn't launched yet so any value is going to be difficult to determine.

Coke Stevenson writes on XPT:If it looks too good to be true, it probably is. Frances Koenig doesn't know anything that his competitors don't know. In fact he knows a lot less. If this is a Ponzi scheme or something shady, he was incredibly stupid to claim a 50% gain. As if no one would notice. We should hear after people try to withdraw funds.

Money laundering is a possibility. More likely Koenig started losing money but wanted to keep the lifestyle/successful image going, so he started lying on paper and doing the ponzi thing with new investors. If this is where all the successful porn scumbags have put their money, it could devastate the industry.

hedgefond with 50% return on investmet is to good to be true. If its over 10% start to scratch your head over whats going on. Sounds fishy to me.

JustDaveXxx 01-09-2009 01:55 AM

this guy is a clown.:2 cents:

v4 media 01-09-2009 01:58 AM

Quote:

Originally Posted by A1R3K (Post 15301711)
what i think is really funny is that if you go to the iporn website on your mobile iphone, the site works like shit. there's no way to register, the site times out and misfunctions all over the place, and when you watch one of the movies and then go back it takes you out of the site and back to the warning page. not to mention there is no way to take money on it. how do you make money if there's no way to join, no advertising, and the site doesn't function properly on the sole device it was created for? the movies are all crappy old eurotrash movies from the looks of it. this thing could have been so awesome.


And the fact they paid around $5K for that shite design show that they have no clue.

kmanrox 01-09-2009 06:31 AM

shit! i want my $50 back plus the 50% interest ASAP!

TisMe 01-09-2009 06:37 AM

I don't doubt that it was easy to get investors but I hardly think many of them came from within the industry.

Outsiders have no clue what a successful adult business looks like and are excited by being in porn. Easy to sway them with hype, naked women and parties.

Those in the industry who were exposed to this deal saw many things, a successful, properly managed adult business was not one of them, from what I have heard.

AsianDivaGirlsWebDude 01-09-2009 06:48 AM

What the porn Hedgehog thinks about the porn Hedge Fund:

http://www.smh.com.au/ffxImage/urlpi...remy_ron,0.jpg


ADG

jay23 01-09-2009 07:15 AM

The trick with Ponzi Schemes is as an investor you need to get out at the correct time and you have made money !!. Of course the people who lost the money can come back to you upto 6 years.

GTS Mark 01-09-2009 07:52 AM

Quote:

Originally Posted by mynameisjim (Post 15301857)
I wanna party with Coke Stevenson.

LOL! i was thinking the same thing!:1orglaugh

JFK 01-09-2009 08:13 AM

Quote:

Originally Posted by doridori (Post 15301884)
wow....a "porn hedge fund"

what was it $4 million dollars? pissant amount to be called a hedge fund. my school has an fund 5 times that, managed by students, who dont get paid a dime.


did people on gfy seriously invest in this ???

I DID :2 cents::pimp

Machete_ 01-09-2009 08:15 AM

I think the best part is: "He noted AdultVest bought some porn domain names, which have been appraised at higher values, but which haven't been sold"

So If I buy a domain, and get it appraised to $50.000,-
In his mind, I dont need to sell it to be able to claim i made $49.990,-
Just the fact that I now own something that someone have put a $50.000,- prizetag on is enough for him.

I cant belive that anyone fall for this. It's as idiotic as the nigerian letters, and just as real

$tandaman 01-09-2009 08:33 AM

karma is a bitch :)

bloggingseo 01-09-2009 08:44 AM

I guess we'll find out in a couple of years from now if not sooner

U.R.A.M.F.S 01-09-2009 10:28 AM

Guy is such a lost individual I think he personally created all this because he has a sex addiction a really sick addiction to cumming inside women. I heard he creampied all these adult models in the valley.

U.R.A.M.F.S 01-09-2009 11:31 AM

Quote:

Originally Posted by ebus_dk (Post 15303053)
I think the best part is: "He noted AdultVest bought some porn domain names, which have been appraised at higher values, but which haven't been sold"

So If I buy a domain, and get it appraised to $50.000,-
In his mind, I dont need to sell it to be able to claim i made $49.990,-
Just the fact that I now own something that someone have put a $50.000,- prizetag on is enough for him.

I cant belive that anyone fall for this. It's as idiotic as the nigerian letters, and just as real

there is no way in hell those names he bought went up in value. not possible.

lies. all lies.

andy83 01-09-2009 01:20 PM

he is a joke. :1orglaugh
adultvest.. lol
anyone dumb enough to invest in his so called venture = serves them right when they dont get a cent back

U.R.A.M.F.S 01-09-2009 02:31 PM

waste of space. i would give money to porno dan before i would this guy.

Manowar 01-09-2009 02:34 PM

Quote:

Originally Posted by AsianDivaGirlsWebDude (Post 15302758)
What the porn Hedgehog thinks about the porn Hedge Fund:

http://www.smh.com.au/ffxImage/urlpi...remy_ron,0.jpg


ADG

:1orglaugh:1orglaugh

Insomniak 01-09-2009 04:50 PM

Man, I sunk a ton of cash into this, I was sure vests were ready for a comeback!

JFK 01-09-2009 04:58 PM

Quote:

Originally Posted by U.R.A.M.F.S (Post 15304608)
waste of space. i would give money to porno dan before i would this guy.

How much you want to give him?? I'll pass it on:pimp

After Shock Media 01-09-2009 05:00 PM

Quote:

Originally Posted by Insomniak (Post 15305198)
Man, I sunk a ton of cash into this, I was sure vests were ready for a comeback!

Are you being serious, not that I wish to laugh at you.
Seriously if you really did, what made you do it, I mean what really "sold" you?
Did you have no warning flags at all, if so why did you ignore them?

woj 01-09-2009 05:34 PM

Quote:

Originally Posted by ebus_dk (Post 15303053)
I think the best part is: "He noted AdultVest bought some porn domain names, which have been appraised at higher values, but which haven't been sold"

So If I buy a domain, and get it appraised to $50.000,-
In his mind, I dont need to sell it to be able to claim i made $49.990,-
Just the fact that I now own something that someone have put a $50.000,- prizetag on is enough for him.

I cant belive that anyone fall for this. It's as idiotic as the nigerian letters, and just as real

That's just creative accounting, very similar to what enron did..

seeric 01-09-2009 06:50 PM

Quote:

Originally Posted by JFK (Post 15305219)
How much you want to give him?? I'll pass it on:pimp

i would trust dan with money.

he's trustworthy.


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