Fabian is retired...

[will76]

Fucking prick, so glad to see that smug asshole ended up in jail and now being put back into his place. Nothing but a loud mouth piece, managing partner LMAO. I remember him lecturing to me on GFY how "managing partner" doesn't mean he is not the sole owner. He went on and on to say how he owns about 98% of the company, gives a small % to some of his top guys etc... yeah you own the company that is why the puppet masters pulled your string and now you are retired from manwin, "your" own company, lol.

[gonzo]

Originally Posted by will76

Fucking prick, so glad to see that smug asshole ended up in jail and now being put back into his place. Nothing but a loud mouth piece, managing partner LMAO. I remember him lecturing to me on GFY how "managing partner" doesn't mean he is not the sole owner. He went on and on to say how he owns about 98% of the company, gives a small % to some of his top guys etc... yeah you own the company that is why the puppet masters pulled your string and now you are retired from manwin, "your" own company, lol.

I was told he has 30% for his "data" contribution to the cause.

[will76]

Originally Posted by gonzo

I was told he has 30% for his "data" contribution to the cause.

Anyone figure out where he got his initial cash from? Seems $tandaman's name comes up a lot with Fabian as his partner after fabian failed launching his own membership site. There was a lot of money spent before he got the wall street money, anyone figure out exactly where that came from?

I never hear anyone say anything about John being involved but it would seem like a likely guess considering they were partners for so many years and John would have had the money to get things going.

[gonzo]

Originally Posted by will76

Anyone figure out where he got his initial cash from? Seems $tandaman's name comes up a lot with Fabian as his partner after fabian failed launching his own membership site. There was a lot of money spent before he got the wall street money, anyone figure out exactly where that came from?

I never hear anyone say anything about John being involved but it would seem like a likely guess considering they were partners for so many years and John would have had the money to get things going.

Fox News found a lot of unsecured funding from Wall Street.
Check out Mike South.com for indepth coverage.

Fabian

[will76]

i meant to put that Fabian is retarded in the title, but seems he is both retired and retarded LOL

[RawAlex]

Oh Gonzo, there is so much more too. I found a few names and things that come into play, and it's pretty much all shell companies and tax dodges, which appears to be the only way they take in enough net income to pay off the debts. I am sure they are hurting right now, because plenty of their cash was likely sitting in Cyprus (considering the CEO of Manwin Ireland is their ex-corporate guy from Cyrpus!).

[will76]

Originally Posted by RawAlex

Oh Gonzo, there is so much more too. I found a few names and things that come into play, and it's pretty much all shell companies and tax dodges, which appears to be the only way they take in enough net income to pay off the debts. I am sure they are hurting right now, because plenty of their cash was likely sitting in Cyprus (considering the CEO of Manwin Ireland is their ex-corporate guy from Cyrpus!).

I always questioned their profitability. It's easy to keep buying up companies and grossing money when you getting hundreds of millions of dollars from loans to buy everything. When all the loaned money is spent up can all of the sites make enough money to pay back the loans and still be profitable? Look at AFF, grosses 300M but lost 50M dollars.

Dee bought up lots of companies and it made no sense that he was acquiring them and suddenly turning them around into profit machines... well at least not legally. We know now what he did different from the previous owners to profit off the sites he bought. He also had the previous owners finance the deals out over a longer term. Manwin was another company to come in and buy up companies and make it look like he put a little magic to them and make them more profitable then they were before he got them. Which now we know it wasn't his money, anyone can buy up a lot of shit with other people's money. The true test will come once the loans stop, can they be repayed while keeping things profitable. Or was there another agenda like when you wash money you don't mind if you lose a little.

[Toby]

Originally Posted by will76

...Or was there another agenda like when you wash money you don't mind if you lose a little.

This is the only scenario that really fits all the fact, as we currently know them. Still plenty that we don't know, but buying up sites on the decline and magically turning them around certainly doesn't seem to be the reality.

[RawAlex]

Toby, I think that the history of the porn biz online has shown that buying membership sites in decline is done for only one reason: to obtain processing and a way to generate cross sales and other questionable sources of income. It goes all the way back to almost forcing customers to upsell to live cams (before real cross sales) to the whole Dee Cash scenario...

These days it also gives these companies plenty of fronts, plenty of corporate names to work with to obtain processing, so they can spread their stuff around enough to make it hard to lose all processing. It's pretty sick what those sorts of companies do to customers, no wonder it's hard as fuck to sell porn anymore.