Top Bucks to Get Out of Site Membership Biz ?

[gonzo]

Anyone else catch this off of AVNonline?

"Although Cyberheat defended the case vigorously throughout and remains convinced that it would have won at trial, it ultimately settled the case for just over $400,000, a fraction of the amount demanded and obtained by the government in similar lawsuits involving CAN-SPAM. According to Wellborn, ‘Cyberheat's three-year battle included a number of hard-fought victories vindicating the rights of Cyberheat and its affiliates. Nonetheless, as the cost of settling decreased, as the cost of defending continued to grow, and as the negotiated deal moved farther and farther from the onerous terms the government typically demands and gets in these cases, it became prudent to settle.' The settlement was also made possible by Cyberheat's planned departure from the business of owning and promoting websites."

http://www.avn.com/index.cfm?objectI...E785AFB60A4E88

[TheEnforcer]

I can understand if they wanted to given the pain defending yourself froma determined government can be but I hope they don't. They are a top notch sposnor and always have been. Would be a sad day for affiliates to lose a sponsor that has been a good as Top Bucks over the years. have done plenty of business with them and it has ALWAYS been a good experience.

[Nymph]

This is not good news, they are my best sponsor

[Toby]

Maybe they've been talking with DeeCash too?

[RawAlex]

It sort of reads more like left hand right hand stuff. Many sponsors from the early days go on strong with changes in the names of the owners but the same players in and around the product. There are various reasons why this happens, and certainly satisfying an FTC settlement would be a good reason to have a change of ownership.

The current owner(s) form an offshore trust. That trust owns a company called "Topbucks Affiliates 2008 Inc" which purchases the program. Now the original owners no longer "own" the paysites. You can go even one step further creating an offshore company to hold the US based company, and have the trust own the offshore company.

Dancing with stars has nothing on modern corporate ownership structures.

[Rcourt64]

Originally Posted by Toby

Maybe they've been talking with DeeCash too?

meaning?

[Toby]

Originally Posted by Rcourt64

meaning?

DeeCash has been buying up other programs left and right for the last year or so.

JoinRightNow, BadGirlBucks, NichedSites, EliteDollars, EpicCa$h, JasonAndAlex, MilfCash, PureMeds, TripleXCash and most recently MayorsMoney.