Guccione Zeroes in on Penthouse, iBill and Others in Suit....... - GoFuckYourself.com

JFK · 12-28-2005, 10:13 AM

NEWS STORY from XBIZ
the link http://xbiz.com/news_piece.php?id=12419 or the story

Guccione Zeroes in on Penthouse, iBill and Others in Suit
By Rhett Pardon
Tuesday, December 27, 2005

NEW YORK ? Penthouse founder Bob Guccione has filed suit in New York County Court, claiming that Penthouse Media Group and its executives drove his empire into bankruptcy.

Guccione says the group owes him severance of $7.5 million plus legal fees, so far.

Guccione claims that rather than reorganize his financially troubled General Media International, he allowed the Penthouse executives to acquire it and reorganize, on the promise they would let him keep his townhouse, pay him $1 million a year for 25 years and pay him $15 million if they failed to perform.

In the 37-page complaint, Guccione names defendants Charles Samel, a former employee, and Jason Galanis, a consultant, among those who defrauded him and drove his company into bankruptcy.

He also alleges that defendants Marc Bell and Daniel Staton purchased Penthouse Media Group out of bankruptcy and now refuse to pay Guccione money owed.

The suit claims that another defendant, Luis Enrique Molina Galeana, aided and abetted the alleged frauds, using the defendant corporations, Penthouse International Inc. and iBill, to do so.

After the acquisition, Guccione alleges, the group refused to pay him once they had control of the new company.

In the filing, the complaint describes the considerable debts Guccione and his companies had run up before he ceded control, including ?a $50 million art loan that was in default,? and his townhouse, also in default.

Calls from XBiz to Guccione's attorney, Jamie Brickell, were not returned early Tuesday.

Webby · 12-28-2005, 11:30 AM

Quote:

Originally Posted by JFK

NEWS STORY from XBIZ
the link http://xbiz.com/news_piece.php?id=12419 or the story

Guccione Zeroes in on Penthouse, iBill and Others in Suit

Nice link!!

The names are all the usual scammers and their "associates" - shit, it never ends!

JFK · 12-28-2005, 11:33 AM

Quote:

Originally Posted by Webby

Nice link!!

The names are all the usual scammers and their "associates" - shit, it never ends!

YES , it appears so !!! Also it has implications for some people promoting current programs. Innocent till proven Guilty, but forewarned is forearmed

Webby · 12-28-2005, 12:04 PM

Quote:

Originally Posted by JFK

YES , it appears so !!! Also it has implications for some people promoting current programs. Innocent till proven Guilty, but forewarned is forearmed

You may already be aware JFK, but here's some history links to the names, Galanis and Doc Molina...

http://www.ripoffreport.com/reports/ripoff51084.htm

http://www.forbes.com/ebusiness/2004...tml?partner=ya

http://********.com/read.aspx?ID=2814

http://www.keepmedia.com/pubs/Forbes...ba=m&bi=2&bp=7

http://www.prnewswire.com/cgi-bin/st...2183132&EDATE=

http://www.forbesimg.com/2000/09/20/0920galanis.html

Dunno why anyone would think there is anything in common between the Galanis family and the Mexican Doc (Mr Money Holder)... he only had a ten minute chat and coffee with Galanis in February 1978

pornguy · 12-28-2005, 12:07 PM

Seems that the hole for Ibill is getting deeper and deeper.

Manowar · 12-28-2005, 12:08 PM

Quote:

Originally Posted by JFK

YES , it appears so !!! Also it has implications for some people promoting current programs.

ooooh more info on this please

JFK · 12-28-2005, 12:10 PM

Quote:

Originally Posted by Manowar

ooooh more info on this please

just read the article , very... very... carefully ............hopefully it will come to you

Webby · 12-28-2005, 12:15 PM

BTW JFK... Do you know the outcome of the SEC case against Galanis and Samuel where they tried to con an extra million and faked Bob Guccione's signature on the company accounts?

Rinaldo · 12-28-2005, 12:21 PM

Wow he was involved with the Gambino family... I'm out of this thread

imageman · 12-28-2005, 12:32 PM

If Bob wins this case there will be less than shit available from Iball's to pay webmasters?

JFK · 12-28-2005, 12:34 PM

Quote:

Originally Posted by Webby

BTW JFK... Do you know the outcome of the SEC case against Galanis and Samuel where they tried to con an extra million and faked Bob Guccione's signature on the company accounts?

No was'nt aware of that.

JimmiDean · 12-28-2005, 01:39 PM

Some interesting reading,
thanks JFK for the link.

Webby · 12-28-2005, 05:18 PM

Quote:

Originally Posted by JFK

No was'nt aware of that.

Here's some links from the time of the SEC filing, but never traced the outcome yet...

http://www.sec.gov/litigation/litreleases/lr19048.htm

and under the heading: Penthouse Execs Accused of Accounting & Sarbanes-Oxley Violations

http://lawprofessors.typepad.com/whi...og/2005/week4/

JFK · 12-28-2005, 05:48 PM

Quote:

Originally Posted by JimmiDean

Some interesting reading,
thanks JFK for the link.

Pleasure Jimmi

Screaming · 12-28-2005, 06:00 PM

Fucking crazy.

imageman · 12-29-2005, 08:49 AM

Just shows you who's looking after YOUR money.. No wonder Iball's is in such a fucking mess..

imageman · 12-30-2005, 12:14 PM

Bump Bump Bump

Quote:

Originally Posted by imageman

Just shows you who's looking after YOUR money.. No wonder Iball's is in such a fucking mess..

SilentKnight · 12-30-2005, 12:26 PM

Makes me wonder how long before Guccione 'mysteriously' disappears, or winds up in the harbour wearin' concrete loafers.

Such a tangled web of shady characters - reads like a movie-of-the-week.

JFK · 12-30-2005, 12:53 PM

Quote:

Originally Posted by SilentKnight

Makes me wonder how long before Guccione 'mysteriously' disappears, or winds up in the harbour wearin' concrete loafers.

Such a tangled web of shady characters - reads like a movie-of-the-week.

sometimes, truth is stranger than fiction

12-28-2005, 10:13 AM	#1
JFK FUBAR the ORIGINATOR Industry Role: Join Date: Jan 2002 Location: FUBARLAND Posts: 67,374	Guccione Zeroes in on Penthouse, iBill and Others in Suit....... NEWS STORY from XBIZ the link http://xbiz.com/news_piece.php?id=12419 or the story Guccione Zeroes in on Penthouse, iBill and Others in Suit By Rhett Pardon Tuesday, December 27, 2005 NEW YORK ? Penthouse founder Bob Guccione has filed suit in New York County Court, claiming that Penthouse Media Group and its executives drove his empire into bankruptcy. Guccione says the group owes him severance of $7.5 million plus legal fees, so far. Guccione claims that rather than reorganize his financially troubled General Media International, he allowed the Penthouse executives to acquire it and reorganize, on the promise they would let him keep his townhouse, pay him $1 million a year for 25 years and pay him $15 million if they failed to perform. In the 37-page complaint, Guccione names defendants Charles Samel, a former employee, and Jason Galanis, a consultant, among those who defrauded him and drove his company into bankruptcy. He also alleges that defendants Marc Bell and Daniel Staton purchased Penthouse Media Group out of bankruptcy and now refuse to pay Guccione money owed. The suit claims that another defendant, Luis Enrique Molina Galeana, aided and abetted the alleged frauds, using the defendant corporations, Penthouse International Inc. and iBill, to do so. After the acquisition, Guccione alleges, the group refused to pay him once they had control of the new company. In the filing, the complaint describes the considerable debts Guccione and his companies had run up before he ceded control, including ?a $50 million art loan that was in default,? and his townhouse, also in default. Calls from XBiz to Guccione's attorney, Jamie Brickell, were not returned early Tuesday. __________________ FUBAR Webmasters - The FUBAR Times - FUBAR Webmasters Mobile - FUBARTV.XXX For promo opps contact jfk at fubarwebmasters dot com Last edited by JFK; 12-28-2005 at 10:15 AM..

12-28-2005, 12:07 PM	#5
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	Seems that the hole for Ibill is getting deeper and deeper. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

12-28-2005, 12:15 PM	#8
Webby Too lazy to set a custom title Join Date: Oct 2002 Location: Far far away - as possible Posts: 14,956	BTW JFK... Do you know the outcome of the SEC case against Galanis and Samuel where they tried to con an extra million and faked Bob Guccione's signature on the company accounts? __________________ XXX TLD's - Another mosquito to swat.

12-28-2005, 01:39 PM	#12
JimmiDean Confirmed User Join Date: Nov 2004 Location: Margarittaville Posts: 3,433	Some interesting reading, thanks JFK for the link. __________________ My God there's Porn on here! Still on the Beach !!!

12-28-2005, 06:00 PM	#15
Screaming I can change this!!!!! Join Date: Feb 2004 Posts: 18,972	Fucking crazy. __________________

12-28-2005, 12:21 PM	#9
Rinaldo Confirmed User Join Date: Sep 2003 Location: South Florida Posts: 5,086	Wow he was involved with the Gambino family... I'm out of this thread

12-28-2005, 12:32 PM	#10
imageman Confirmed User Join Date: Jun 2003 Posts: 1,938	If Bob wins this case there will be less than shit available from Iball's to pay webmasters?

12-29-2005, 08:49 AM	#16
imageman Confirmed User Join Date: Jun 2003 Posts: 1,938	Just shows you who's looking after YOUR money.. No wonder Iball's is in such a fucking mess..

12-30-2005, 12:26 PM	#18
SilentKnight Megan Fox's fluffer Industry Role: Join Date: Oct 2005 Location: shooting pool in Elysium Posts: 24,818	Makes me wonder how long before Guccione 'mysteriously' disappears, or winds up in the harbour wearin' concrete loafers. Such a tangled web of shady characters - reads like a movie-of-the-week.