U.S. Judge OKs IwantU.com Default Judgment Against IBILL - GoFuckYourself.com

Varius · 11-07-2007, 02:59 PM

Only saw this today, might interest some of you

Luckily we jumped that ship VERY early so they don't owe us as much as some of you...

http://xbiz.com/news/news_piece.php?id=84262

LOS ANGELES ? Counsel for Mana Internet Solutions are preparing final papers in a default judgment against the parent company of former online adult processor iBill.

Mana, which operates IWantU.com, filed suit last year in U.S. District Court in Miami claiming that it is owed $83,000 plus attorneys fees and interest, which so far has bumped up its total to $103,000.

Attorney David Steiner, who represents Mana in the accounting-claim case, was not available for comment at post time.

But XBIZ has learned that attorneys for iBill parent Interactive Brand Development (IBD) withdrew their defense against Mana last month, citing ?irreconcilable differences? with IBD.

IBD?s former law firm, Arnstein & Lehr, did not respond for comment, nor did company officials.

Last month, the federal judge involved in the case entered a default judgment against IBD as a result of their failure to retain attorneys in the case.

Mana and an unknown number of adult webmasters have pursued litigation against IBD for nonpayment of an untold number of processing reserves.

Troubles in recent months have mounted incrementally for iBill?s parent company. Broke and unable to satisfy the judgments, the company has ceased operations.

IBD last month wrote in a recent Securities and Exchange Commission filing that it has 116 lawsuits pending against the company in an aggregate amount of approximately $52 million. As of June, the company has incurred judgments worth $9 million.

In August, the company was forced to liquidate at auction its collection of cel art valued at $6.5 million. And two days after the auction, the company received notice that an affiliate of Castlerigg Master Investments Ltd. had been granted a judgment of $7 million against the company.

iBill?s tangled mess can be pinpointed at its corporate acquisition and woes it incurred with a partnering credit card company.

iBill?s troubles date back to its notification by First Data Merchant Services that it was dropping iBill from its merchant account. iBill tried to secure another merchant account holder and, according to some, failed to tell its clients.

Webmasters were frustrated in their attempts to contact the processor, which until two years ago, was one of the top third-party processors along with CCBill and Paycom.

IBD, formerly known as Care Concepts, purchased iBill and Media Billing LLC from a consortium of companies, including Penthouse, in 2004 for $55 million in an all-stock deal.

Nearly a year earlier, Norcross, Ga.-based InterCept Inc. through its Media Billing LLC division sold iBill to Penthouse for $700,000 in cash, $800,000 in a short-term loan and the assumption of $22 million in debt.

At one point IBD housed nearly 200 employees in a 50,000-square-foot headquarters and data center in Deerfield Beach, Fla.

aico · 11-07-2007, 03:00 PM

good luck collecting.

Big_Red · 11-07-2007, 03:01 PM

so will they be able to collect?

Rodrigo-Ibills · 11-07-2007, 03:06 PM

Mr Varies,

I send you plasma TV.

My cousin and me find many TVs in the warehouse.

What your address?

pornguy · 11-07-2007, 03:07 PM

No, there is no money left in them.

seeric · 11-07-2007, 03:08 PM

good news for you buddy. what's the chances you'll actually see the money?

After Shock Media · 11-07-2007, 03:20 PM

A1r3k, does snowball and blast furnace mean anything to you?

tony286 · 11-07-2007, 03:24 PM

congrats if you can get money from them,please pick up my 13 grand while your there.

Rodrigo-Ibills · 11-07-2007, 03:28 PM

Mr Varies.

For me please pick up my last paychecks please.

I cannot go to there anymore.

Thank You.

Varius · 11-07-2007, 03:42 PM

While not being a lawyer myself and without speaking to ours, at first glance this seems we might get our money back. IBill obviously has nothing to give anyone back but their parent company IBD still does, which is who the judge granted the default against.

Anyhoe we don't expect money but if it comes, great - we dropped IBill quite a bit before things went downhill so this was just rebills we had still had going after a year or so

Big_Red · 11-07-2007, 03:57 PM

Quote:

Originally Posted by pornguy

No, there is no money left in them.

That sucks big time. Glad I didnt get caught up in that mess.

Andy Servers4Less · 11-07-2007, 04:59 PM

Ugh Ibill... dark period.. sucks.

ridikuloz · 11-07-2007, 05:16 PM

Quote:

Originally Posted by Rodrigo-Ibill

Mr Varies.

For me please pick up my last paychecks please.

I cannot go to there anymore.

Thank You.

what the hell is this guy saying? is this a fake nick?

Diligent · 11-07-2007, 05:56 PM

Quote:

Originally Posted by ridikuloz

what the hell is this guy saying? is this a fake nick?

Hi Sherlock, long time no seen! ;)

seeric · 11-07-2007, 05:56 PM

Quote:

Originally Posted by ridikuloz

what the hell is this guy saying? is this a fake nick?

he used to be the janitor there. he hates them too, no worries.

DaddyHalbucks · 11-07-2007, 06:19 PM

I have one question about iBill: where did all the money go?

?

AsianDivaGirlsWebDude · 11-07-2007, 06:22 PM

I have over 25,000 reasons ($$$) to hope that Gary Spaniak and the band of thieves at iBill end up behind bars, or that someone eventually serves them up a little street justice for stealing so many people blind.

ADG

tony286 · 11-07-2007, 06:25 PM

Quote:

Originally Posted by DaddyHalbucks

I have one question about iBill: where did all the money go?

?

That's a excellent question,I figure the 15% percent and the 10% hold wasn't really covering the bills.So as long as new money was coming in they were covered.

DEA - banned for life · 11-07-2007, 06:25 PM

i got ripped by ibill

...like alot of people said in the past its not about the money ..its the principle...they fucked Us..good to see somone atleast officially fucked them back.....

...next up ...epassporte...stay tuned...you heard it here first

GreyWolf · 11-07-2007, 06:29 PM

Quote:

Originally Posted by AsianDivaGirlsWebDude

I have over 25,000 reasons ($$$) to hope that Gary Spaniak and the band of thieves at iBill end up behind bars, or that someone eventually serves them up a little street justice for stealing so many people blind.

ADG

Only a matter of time man

Think Spaniak already has a rap sheet? Tho can't remember now.. If not, a few of his "associates" sure do.

Varius · 11-08-2007, 01:14 PM

I once ran the IBill VP off a go-kart track back in the 90s; true story

11-07-2007, 02:59 PM	#1
Varius Confirmed User Industry Role: Join Date: Jun 2004 Location: New York, NY Posts: 6,890	U.S. Judge OKs IwantU.com Default Judgment Against IBILL Only saw this today, might interest some of you Luckily we jumped that ship VERY early so they don't owe us as much as some of you... http://xbiz.com/news/news_piece.php?id=84262 LOS ANGELES ? Counsel for Mana Internet Solutions are preparing final papers in a default judgment against the parent company of former online adult processor iBill. Mana, which operates IWantU.com, filed suit last year in U.S. District Court in Miami claiming that it is owed $83,000 plus attorneys fees and interest, which so far has bumped up its total to $103,000. Attorney David Steiner, who represents Mana in the accounting-claim case, was not available for comment at post time. But XBIZ has learned that attorneys for iBill parent Interactive Brand Development (IBD) withdrew their defense against Mana last month, citing ?irreconcilable differences? with IBD. IBD?s former law firm, Arnstein & Lehr, did not respond for comment, nor did company officials. Last month, the federal judge involved in the case entered a default judgment against IBD as a result of their failure to retain attorneys in the case. Mana and an unknown number of adult webmasters have pursued litigation against IBD for nonpayment of an untold number of processing reserves. Troubles in recent months have mounted incrementally for iBill?s parent company. Broke and unable to satisfy the judgments, the company has ceased operations. IBD last month wrote in a recent Securities and Exchange Commission filing that it has 116 lawsuits pending against the company in an aggregate amount of approximately $52 million. As of June, the company has incurred judgments worth $9 million. In August, the company was forced to liquidate at auction its collection of cel art valued at $6.5 million. And two days after the auction, the company received notice that an affiliate of Castlerigg Master Investments Ltd. had been granted a judgment of $7 million against the company. iBill?s tangled mess can be pinpointed at its corporate acquisition and woes it incurred with a partnering credit card company. iBill?s troubles date back to its notification by First Data Merchant Services that it was dropping iBill from its merchant account. iBill tried to secure another merchant account holder and, according to some, failed to tell its clients. Webmasters were frustrated in their attempts to contact the processor, which until two years ago, was one of the top third-party processors along with CCBill and Paycom. IBD, formerly known as Care Concepts, purchased iBill and Media Billing LLC from a consortium of companies, including Penthouse, in 2004 for $55 million in an all-stock deal. Nearly a year earlier, Norcross, Ga.-based InterCept Inc. through its Media Billing LLC division sold iBill to Penthouse for $700,000 in cash, $800,000 in a short-term loan and the assumption of $22 million in debt. At one point IBD housed nearly 200 employees in a 50,000-square-foot headquarters and data center in Deerfield Beach, Fla. __________________ Skype variuscr - Email varius AT gmail

11-07-2007, 03:01 PM	#3
Big_Red Confirmed User Join Date: Jun 2006 Location: Do you care? Posts: 4,147	so will they be able to collect? __________________ 60% Revshare. http://www.boobycash.com We got the boobs and the cash! ICQ 198-580-197 24/7 support

11-07-2007, 03:06 PM	#4
Rodrigo-Ibills Confirmed User Join Date: Nov 2005 Posts: 349	Mr Varies, I send you plasma TV. My cousin and me find many TVs in the warehouse. What your address? __________________ AIM: RodrigoIbills Senior Customer Accusations Director Ibills the best billing solution out there I am Rodrigos and you take that to the banks!

11-07-2007, 03:07 PM	#5
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	No, there is no money left in them. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

11-07-2007, 03:20 PM	#7
After Shock Media It's coming look busy Join Date: Mar 2001 Location: "Ph'nglui mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn". Posts: 35,299	A1r3k, does snowball and blast furnace mean anything to you? __________________ [email protected] ICQ:135982156 AIM: Aftershockmed1a MSN: [email protected]

11-07-2007, 03:00 PM	#2
aico Moo Moo Cow Join Date: Mar 2004 Location: Washington State Posts: 14,748	good luck collecting.

11-07-2007, 03:08 PM	#6
seeric .......... Industry Role: Join Date: Aug 2004 Location: .......... Posts: 41,917	good news for you buddy. what's the chances you'll actually see the money?

11-07-2007, 03:24 PM	#8
tony286 lurker Industry Role: Join Date: Aug 2002 Location: atlanta Posts: 57,021	congrats if you can get money from them,please pick up my 13 grand while your there.

11-07-2007, 03:28 PM	#9
Rodrigo-Ibills Confirmed User Join Date: Nov 2005 Posts: 349	Mr Varies. For me please pick up my last paychecks please. I cannot go to there anymore. Thank You. __________________ AIM: RodrigoIbills Senior Customer Accusations Director Ibills the best billing solution out there I am Rodrigos and you take that to the banks!

11-07-2007, 03:42 PM	#10
Varius Confirmed User Industry Role: Join Date: Jun 2004 Location: New York, NY Posts: 6,890	While not being a lawyer myself and without speaking to ours, at first glance this seems we might get our money back. IBill obviously has nothing to give anyone back but their parent company IBD still does, which is who the judge granted the default against. Anyhoe we don't expect money but if it comes, great - we dropped IBill quite a bit before things went downhill so this was just rebills we had still had going after a year or so __________________ Skype variuscr - Email varius AT gmail

11-07-2007, 04:59 PM	#12
Andy Servers4Less Confirmed User Join Date: Apr 2007 Posts: 922	Ugh Ibill... dark period.. sucks. __________________ Andy Servers4Less www.ServersForLess.com ICQ: 412-203-056 DUAL QUAD CORES W/100 Mbps UNMETERED- $799/ month!!

11-07-2007, 06:19 PM	#16
DaddyHalbucks A freakin' legend! Industry Role: Join Date: Feb 2004 Location: Las Vegas, Nevada USA Posts: 18,975	I have one question about iBill: where did all the money go? ? __________________ Boner Money

11-07-2007, 06:22 PM	#17
AsianDivaGirlsWebDude Purveyor, Fine Asian Porn Industry Role: Join Date: Jul 2004 Location: San Francisco Bay Area Posts: 38,323	I have over 25,000 reasons ($$$) to hope that Gary Spaniak and the band of thieves at iBill end up behind bars, or that someone eventually serves them up a little street justice for stealing so many people blind. ADG __________________ Asian Diva Girls - Exclusive Photos and Videos Asian Diva Girls Affiliate Program (50% ccBill Revshare)

11-07-2007, 06:25 PM	#19
DEA - banned for life V.I.P. Join Date: Nov 2004 Location: InYour Head Posts: 7,886	i got ripped by ibill ...like alot of people said in the past its not about the money ..its the principle...they fucked Us..good to see somone atleast officially fucked them back..... ...next up ...epassporte...stay tuned...you heard it here first

11-08-2007, 01:14 PM	#21
Varius Confirmed User Industry Role: Join Date: Jun 2004 Location: New York, NY Posts: 6,890	I once ran the IBill VP off a go-kart track back in the 90s; true story __________________ Skype variuscr - Email varius AT gmail