Quote:
Originally Posted by will76
All of which companies were in trouble before Penthouse bought them? AFF and ibill?
If you think that then your memory fails you.
Ibill was sold to InterCept, who for what ever reason claimed it didn't realize that ibill did mostly adult transactions so they dumped it. It might not have been run great but it was still running and very profitable when Penthouse bought it in March 2004. While Penthouse was in charge they lost their ability to process Visa and by October 2004 they failed to secure another bank to do the processing for visa. Penthouse fucked up ibill big time.......
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That's not how i remember it. I know a few people that got screwed out of thousands when IBill bit the big one. And that had to have started long before.
We probably will never know the whole story.
Sitting around speculating on it, or trying to alter history, won't change the facts.