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Old 02-06-2006, 07:47 AM   #1
Jack Frost
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Porn king Guccione bust

Quote:
PORN king Bob Guccione has had his £22million home repossessed as he battles bankruptcy.

The founder of Penthouse magazine ? once worth around £200million ? is almost skint, say sources.

Now he has been kicked out of his ?70s-style New York pad, complete with mirrored ceilings, gold chandeliers, indoor pool and marble floors.

Three-times wed Guccione, 75, who has battled throat cancer, failed to repay a £14million bank loan.
http://www.thesun.co.uk/article/0,,2-2006060028,00.html
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Old 02-06-2006, 07:48 AM   #2
s9ann0
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i feel bad
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Old 02-06-2006, 07:48 AM   #3
sonofsam
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from riches to rags

ouch.
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Old 02-06-2006, 07:51 AM   #4
JFK
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Too bad, I liked his magazine way back when. I guess he was the last and the least sucessfull among the big 3, to adapt to the new medium.
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Old 02-06-2006, 07:53 AM   #5
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Karma rocks!

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Old 02-06-2006, 07:58 AM   #6
King Adam
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I find it amazing how people can go from rich to broke. Once you are rich you should never ever go broke.
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Old 02-06-2006, 08:20 AM   #7
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Originally Posted by KRL
Karma rocks!

He was a bag of shit with legs
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Old 02-06-2006, 08:22 AM   #8
gornyhuy
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Whats so hard about socking away several million in overseas accounts when you are loaded?

Then you quietly move to mexico or Costa Rica and chill.
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Old 02-06-2006, 08:24 AM   #9
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thats fucking horrible and they just had him on VH1 or MTV showing off his pimp ass house in NYC... it was out of fucking control
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Old 02-06-2006, 08:34 AM   #10
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The lesson here , be careful who you surround yourself with when / if you become rich.

'NEVER NEVER NEVER UNDERESTIMATE THE OTHER GUYS GREED"
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Old 02-06-2006, 08:37 AM   #11
SilentKnight
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Chalk up another 'successful' iBill business endeavour...
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Old 02-06-2006, 08:41 AM   #12
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Quote:
Originally Posted by Booger
He was a bag of shit with legs
Like you knew the man...

When you will accomplish 1/1000 of what he did, then you can trash talk...

Until then
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Old 02-06-2006, 08:46 AM   #13
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Originally Posted by JFK
Too bad, I liked his magazine way back when. I guess he was the last and the least sucessfull among the big 3, to adapt to the new medium.
True... Ironically, I have a
Penthouse Partners at the top of this page while I'm typing...

Few years ago, with Carl Wachter, we were trying to convince him to go ahead with a cash program.... Bob was a true Old School...

Needless to say that I was very happy to see Penthouse back on track with the new Management. Actually, Mike is doing a wonderfull job

Last edited by MichaelP; 02-06-2006 at 08:48 AM..
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Old 02-06-2006, 08:49 AM   #14
Joesho
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Mike seemed like a very intuitive person and one that is working hard to get the internet side of Penthouse back in order. I am sure he will do well for them.

I just wish his hands were not so tied.
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Old 02-06-2006, 08:53 AM   #15
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well its his fault, you cant be irresponsible with your money
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Old 02-06-2006, 09:00 AM   #16
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This could actually be a lesson to all of us that drive around in supercars we can barely afford.



What I'm I saying this could never happen to us.
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Old 02-06-2006, 09:26 AM   #17
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Quote:
Originally Posted by RayBonga
This could actually be a lesson to all of us that drive around in supercars we can barely afford.



What I'm I saying this could never happen to us.
You think??

I can count, tho it's only on one hand, the number of people who were multi-millionaires and screwed it - it's not too hard. You may be surprised that some of em lost via "external reasons" which were mainly outside their control.

As a person, Bob is a nice guy - pehaps too nice when there a leeches and scumbags hanging on. Last time I met him was almost 20 years ago - and there were financial problems then and doubt the rot was cut out at that time . Ya can drift on for decades in a rut as long as their are funds to support it, but the crunch time comes eventually.

Bob will do nicely despite the crap - when you are in mid 70's and got a few mill, who gives a shit? It's still more than the wannabees on GFY will ever have
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Last edited by Webby; 02-06-2006 at 09:27 AM..
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Old 02-06-2006, 09:53 AM   #18
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this should be a lesson how no planning and uncontroled spending can ruin anyone.
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Old 02-06-2006, 10:04 AM   #19
jjjay
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Quote:
Originally Posted by Webby
Ya can drift on for decades in a rut as long as their are funds to support it, but the crunch time comes eventually.
whenever someone now says "when it comes to the crunch" i always think of the mighty boosh. nevermind, i guess no one here knows what I'm talking about...
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Old 02-06-2006, 10:10 AM   #20
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Screw him, how much for his NYC 70's pad????

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Old 02-06-2006, 10:20 AM   #21
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Originally Posted by gornyhuy
Whats so hard about socking away several million in overseas accounts when you are loaded?

Then you quietly move to mexico or Costa Rica and chill.

How do we know he doesn't have a few mil hiding somewhere???
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Old 02-06-2006, 10:46 AM   #22
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I'd stash a lot if I had that kind of cash.
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Old 02-06-2006, 10:46 AM   #23
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They should have put me on Pay Roll...
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Old 02-06-2006, 06:03 PM   #24
WME
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I feel sad for the dude.
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