| mikesouth |
10-15-2012 11:09 AM |
I dont think it comes as a shock to anyone here.
These games are being played for a reason, the constant "restructuring" is just manwin-ese for the more colloquial "hiding shit"
Hiding money these days is hard but certainly not impossible, hiding who is behind the money is easier and the way to do it is to create such a jumble of companies and ownerships that the trail can't be followed.
One thing I have learned over the past few weeks is that there is an awful lot of highly suspicious activity going on in Cyprus, and to a lesser extent, Seychelles,, Gibraltar and other places where people can hide.
Almost every company is loaded with Russian names and evidence of money laundering is everywhere, It would appear that the once 100% American porn business is now pretty much wholly owned by Eastern European Mobsters.
The stuff I was working on for instance has now caught the eye of the feds. Another thing I feel pretty sure of is that guys like Fabian and Constantin Luchian are the fall guys, when the shit goes down, itll be them that catch it. We may never know who really owns porn but one thing I do know is that we wont like them, but in the end we will kiss their asses too because we have grown accustomed to living off their scraps.
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