Quote:
Originally Posted by Mutt
they vastly overpaid for Various and will never be able to pay the two douchebags, Lard and Cornhole, they bought it from. what should happen is that those two get Various back and then sell it for what it was really worth or go back to running it themselves which i'm sure they want no part of. Penthouse was dead when Marc Bell bought it, it's dead now minus the Various stuff.
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Many may not know it, but in the early days of the net, Legendary Lardass ran a Napster-like music piracy web site, for which he was sued about and lost, but Lars Mapstead never learned his lesson.
It appears to me his whole approach to business has always been to bend the rules and sucker people at every opportunity. Still, despite his best efforts, Lars and Andrew Conru ultimately could not build a profitable business upon their house of cards, although they sucked plenty of money out of the business to enrich themselves personally - after all, that's the first rule of thieves according to people knowledgeable about the subject, as I understand it.
Therefore, those two were the perfect match for the even more predatory likes of Marc Bell and company (Marc comes off to me as the quintessential snake oil salesman).
Lars and Andrew sold out, and the shell game was on, big time (Penthouse paying money they did not have, for an overvalued company - this is the stuff fictional money-laundering/RICO/ponzi scheme type novels are written about).
Someone from the SEC/DOJ really should investigate the whole iBill, Penthouse Media Group, Various connection - many things do not seem quite right about any of them, at least imho...
ADG