Money Laundering at Issue: Brazzers Parent Company Fighting $6.4 Million Forfeiture - GoFuckYourself.com

JustDaveXxx · 02-15-2010, 03:44 PM

Nice read..

ATLANTA ? The parent company of Brazzers has filed a motion to dismiss the forfeiture of $6.4 million the U.S. government is seeking after authorities traced numerous transactions involving the Canadian adult company and third-party credit card processors, including those in Israel.

Brazzers, which is owned by Mansef, set up an Atlanta company last year called Premium Services to facilitate payments from Mansef?s third-party credit card processors into the accounts and to allow the company to remit funds out of two checking accounts to its U.S. vendors, the company said in court papers filed last week.

But federal authorities claim that Premium Services wasn?t registered with the U.S. Department of Treasury nor with the Georgia Department of Banking and Finance as a money-transmitting business.

The government noted said that Premium Services has no known office building nor employees and operates at a mail drop called The Mail Room.

Federal authorities say in the complaint that Premium Services for three months last year received $9.4 million in wire transfers from various sources and that much of the funds originated overseas in countries considered by law enforcement to be at high risk for money-laundering activity, such as Israel.

In exhibits provided by the government, some of those Israel-based processors transacting business with Premium Services included Paygea Ltd., CAL-International, Mizrahi Tefahot Bank Ltd. and Israel Discount Bank Ltd., whose subsidiary Israel Credit Cards-Cal Ltd. was levied a $13.5 million fine in November by VISA Europe over chargebacks.

U.S. authorities claim that $6.4 million in the two accounts is forfeitable under 18 U.S.C. § 981 (a)(1)(A) as property involved in or traceable to a transaction in violation of 18 U.S.C. § 1960, which prohibit?s unlicensed money-transmitting buinesses.

The U.S. Attorneys Office, which is trying the case, was unavailable for comment on Monday due to the President?s Day holiday. But authorities typically rely on the Bank Secrecy Act reports and record-keeping requirements to provide a paper trail, for investigations of financial crimes and illegal activities, including tax evasion, embezzlement and money laundering,

Susan Ross, a Los Angeles litigator who represents Mansef, did not immediately return XBIZ calls on Monday for inquiry.

But in court papers, Mansef and Premium Services claim that the two bank account were at the behest of Mansef.

?Premium is not a money-transmitting business as defined in federal or Georgia state law and so it is not required to be licensed or registered as such,? a motion filed last week said. ?There are no allegations, in this or any other forum, that the adult entertainment provided by Mansef is anything other than lawful and legitimate.

?The government bases its entire complaint on the unsupported leap that Premium Services, because it has bank accounts into which it received deposits and from which it made disbursements, is an unlicensed money-transmitting business.?

http://********.com/read.php?ID=40145

sandman! · 02-15-2010, 03:46 PM

damm sucks to be them.

beemk · 02-15-2010, 03:48 PM

damn, brazzers is banking

XPays · 02-15-2010, 03:48 PM

sounds like another case of government not understanding the business they are dealing with

Bman · 02-15-2010, 03:50 PM

Crazy stuff

marketsmart · 02-15-2010, 03:50 PM

Quote:

Originally Posted by sandman!

damm sucks to be them.

yes, once on the radar of the us govt, you never get off....

.

Wizzo · 02-15-2010, 03:50 PM

There's no money in Tubes...

marketsmart · 02-15-2010, 03:51 PM

Quote:

Originally Posted by XPays

sounds like another case of government not understanding the business they are dealing with

no, it sounds like the govt needs/wants 6 million dollars....

...

Agent 488 · 02-15-2010, 03:52 PM

all that work for nothing.

hypedough · 02-15-2010, 03:53 PM

HAHAHAHAHAHAHAHHAHAHAHAHAHAHA couldn't happen to better people.

Agent 488 · 02-15-2010, 03:55 PM

no sources are provided so who knows.

SBJ · 02-15-2010, 05:24 PM

long live tubes??

L-Pink · 02-15-2010, 05:27 PM

Quote:

Originally Posted by hypedough

HAHAHAHAHAHAHAHHAHAHAHAHAHAHA couldn't happen to better people.

Quote:

Originally Posted by marketsmart

no, it sounds like the govt needs/wants 6 million dollars....

...

.

JD · 02-15-2010, 05:27 PM

lmaooooooooooooooooo

Les Grossman · 02-15-2010, 05:28 PM

LOL I love it.

What comes around, goes around. I hope they lose every penny.

Longboat full of Vikings · 02-15-2010, 05:35 PM

i hope brazzers get fucked in the ass over this

Bman · 02-15-2010, 05:40 PM

Gov't doesn't like to lose...they will win one way or another.

okok · 02-15-2010, 05:44 PM

From the feds' POV, the concern does make sense: a biz that does nothing but get deposits and make payments _is_ a money-transmitting business. We here know that the context is different, but should it raise red flags to the watchdogs? Certainly*.

Interesting. I wonder if other non-US programs that have US payout entities have them licensed as money-transmitting businesses?

[*] "Certainly" in that this entity looks like exactly what the feds are looking for, not in the sense that it is "correct" to look for it. No need to spiral into a debate about what role the feds should have in these matters.

Barefootsies · 02-15-2010, 05:44 PM

Quote:

Originally Posted by sandman!

damm sucks to be them.

True dat.

CarlosTheGaucho · 02-15-2010, 05:52 PM

These guys and greed?

Shocking!

SomeCreep · 02-15-2010, 06:23 PM

Multi-page thread... You may proceed.

dyna mo · 02-15-2010, 06:25 PM

wow, interesting. i would of expected more cash in those accounts though.

Cyber Fucker · 02-15-2010, 06:26 PM

indeed very interesting stuff...

Phoenix · 02-15-2010, 07:29 PM

thats alot of money to lose

Luscious Media · 02-15-2010, 08:39 PM

Quote:

Originally Posted by marketsmart

yes, once on the radar of the us govt, you never get off....

.

Agreed. Pay the $6.4 million and hope they don't go digging for more. Ain't karma a bitch?

LeRoy · 02-15-2010, 08:40 PM

6.5 mil pfff.

that's nothing.

fris · 02-15-2010, 08:47 PM

us govt should keep it

Black_Widow · 02-15-2010, 08:51 PM

Nice, bitches.

TXXXTN · 02-15-2010, 09:51 PM

interesting ...

1200mics · 02-15-2010, 10:02 PM

Lets get the party started !

DBS.US · 02-15-2010, 11:15 PM

That's just the money they know about

The Porn Nerd · 02-15-2010, 11:30 PM

Quote:

Originally Posted by dyna mo

wow, interesting. i would of expected more cash in those accounts though.

More than 9 mill? Really? Okay, I hear ya. LOL Shit and Wow, eh? But hey, maybe that was one month's deposits or something? Wild. And here I am, prayin' for a million...

DF03 · 02-16-2010, 01:36 AM

they makes some hot bichiz tho

JFK · 02-16-2010, 04:10 AM

Quote:

Originally Posted by marketsmart

yes, once on the radar of the us govt, you never get off....

.

too true

Raf1 · 02-16-2010, 04:22 AM

Quote:

Originally Posted by hypedough

HAHAHAHAHAHAHAHHAHAHAHAHAHAHA couldn't happen to better people.

bloggingseo · 02-16-2010, 04:36 AM

Oh man you want to talk about deep shit...

seeandsee · 02-16-2010, 04:52 AM

Quote:

Originally Posted by JustDaveXxx

Nice read..

ATLANTA ? The parent company of Brazzers has filed a motion to dismiss the forfeiture of $6.4 million the U.S. government is seeking after authorities traced numerous transactions involving the Canadian adult company and third-party credit card processors, including those in Israel.

Brazzers, which is owned by Mansef, set up an Atlanta company last year called Premium Services to facilitate payments from Mansef?s third-party credit card processors into the accounts and to allow the company to remit funds out of two checking accounts to its U.S. vendors, the company said in court papers filed last week.

But federal authorities claim that Premium Services wasn?t registered with the U.S. Department of Treasury nor with the Georgia Department of Banking and Finance as a money-transmitting business.

The government noted said that Premium Services has no known office building nor employees and operates at a mail drop called The Mail Room.

Federal authorities say in the complaint that Premium Services for three months last year received $9.4 million in wire transfers from various sources and that much of the funds originated overseas in countries considered by law enforcement to be at high risk for money-laundering activity, such as Israel.

In exhibits provided by the government, some of those Israel-based processors transacting business with Premium Services included Paygea Ltd., CAL-International, Mizrahi Tefahot Bank Ltd. and Israel Discount Bank Ltd., whose subsidiary Israel Credit Cards-Cal Ltd. was levied a $13.5 million fine in November by VISA Europe over chargebacks.

U.S. authorities claim that $6.4 million in the two accounts is forfeitable under 18 U.S.C. § 981 (a)(1)(A) as property involved in or traceable to a transaction in violation of 18 U.S.C. § 1960, which prohibit?s unlicensed money-transmitting buinesses.

The U.S. Attorneys Office, which is trying the case, was unavailable for comment on Monday due to the President?s Day holiday. But authorities typically rely on the Bank Secrecy Act reports and record-keeping requirements to provide a paper trail, for investigations of financial crimes and illegal activities, including tax evasion, embezzlement and money laundering,

Susan Ross, a Los Angeles litigator who represents Mansef, did not immediately return XBIZ calls on Monday for inquiry.

But in court papers, Mansef and Premium Services claim that the two bank account were at the behest of Mansef.

?Premium is not a money-transmitting business as defined in federal or Georgia state law and so it is not required to be licensed or registered as such,? a motion filed last week said. ?There are no allegations, in this or any other forum, that the adult entertainment provided by Mansef is anything other than lawful and legitimate.

?The government bases its entire complaint on the unsupported leap that Premium Services, because it has bank accounts into which it received deposits and from which it made disbursements, is an unlicensed money-transmitting business.?

http://********.com/read.php?ID=40145

Half man, Half Amazing · 02-16-2010, 09:05 AM

bump for karma!

02-15-2010, 03:44 PM	#1
JustDaveXxx I AM JUSTDAVE ! Industry Role: Join Date: Feb 2005 Location: LA Posts: 4,111	Money Laundering at Issue: Brazzers Parent Company Fighting $6.4 Million Forfeiture Nice read.. ATLANTA ? The parent company of Brazzers has filed a motion to dismiss the forfeiture of $6.4 million the U.S. government is seeking after authorities traced numerous transactions involving the Canadian adult company and third-party credit card processors, including those in Israel. Brazzers, which is owned by Mansef, set up an Atlanta company last year called Premium Services to facilitate payments from Mansef?s third-party credit card processors into the accounts and to allow the company to remit funds out of two checking accounts to its U.S. vendors, the company said in court papers filed last week. But federal authorities claim that Premium Services wasn?t registered with the U.S. Department of Treasury nor with the Georgia Department of Banking and Finance as a money-transmitting business. The government noted said that Premium Services has no known office building nor employees and operates at a mail drop called The Mail Room. Federal authorities say in the complaint that Premium Services for three months last year received $9.4 million in wire transfers from various sources and that much of the funds originated overseas in countries considered by law enforcement to be at high risk for money-laundering activity, such as Israel. In exhibits provided by the government, some of those Israel-based processors transacting business with Premium Services included Paygea Ltd., CAL-International, Mizrahi Tefahot Bank Ltd. and Israel Discount Bank Ltd., whose subsidiary Israel Credit Cards-Cal Ltd. was levied a $13.5 million fine in November by VISA Europe over chargebacks. U.S. authorities claim that $6.4 million in the two accounts is forfeitable under 18 U.S.C. § 981 (a)(1)(A) as property involved in or traceable to a transaction in violation of 18 U.S.C. § 1960, which prohibit?s unlicensed money-transmitting buinesses. The U.S. Attorneys Office, which is trying the case, was unavailable for comment on Monday due to the President?s Day holiday. But authorities typically rely on the Bank Secrecy Act reports and record-keeping requirements to provide a paper trail, for investigations of financial crimes and illegal activities, including tax evasion, embezzlement and money laundering, Susan Ross, a Los Angeles litigator who represents Mansef, did not immediately return XBIZ calls on Monday for inquiry. But in court papers, Mansef and Premium Services claim that the two bank account were at the behest of Mansef. ?Premium is not a money-transmitting business as defined in federal or Georgia state law and so it is not required to be licensed or registered as such,? a motion filed last week said. ?There are no allegations, in this or any other forum, that the adult entertainment provided by Mansef is anything other than lawful and legitimate. ?The government bases its entire complaint on the unsupported leap that Premium Services, because it has bank accounts into which it received deposits and from which it made disbursements, is an unlicensed money-transmitting business.? http://********.com/read.php?ID=40145 __________________ Smut Peddler Productions.com ICQ #378-696-435 / / Skype: JustDaveXxx "We shoot custom, exclusive content your way"

02-15-2010, 03:46 PM	#2
sandman! Icq: 14420613 Industry Role: Join Date: Mar 2001 Location: chicago Posts: 15,432	damm sucks to be them. __________________ Need WebHosting ? Email me for some great deals [email protected]

02-15-2010, 03:48 PM	#3
beemk CLICK HERE Industry Role: Join Date: Jan 2002 Posts: 20,829	damn, brazzers is banking __________________ I host with Vacares

02-15-2010, 03:48 PM	#4
XPays Team Player Join Date: May 2004 Location: Inside the most accurately counting and reporting affiliate system in the world at XPays.com Posts: 13,002	sounds like another case of government not understanding the business they are dealing with __________________ InterNext Expo Domain Auction Live Now thru Feb 5 HuntingMoon GFY Domains Marketplace is LIVE XPays always pays! Top Site: * RealJasmine.com * + HotelHeiress® with The Paris Hilton Sex Video Insert the HotelHeiress® HD FEED into your members areas XPin.com Opening for Pin Partners Soonish Mainstream Offers For Emailers and DomainersNONADULT.COM Like Us!

02-15-2010, 03:50 PM	#5
Bman Confirmed User Industry Role: Join Date: Aug 2003 Location: Redirecting your traffic Posts: 1,679	Crazy stuff __________________ ICQ 228211529

02-15-2010, 03:50 PM	#7
Wizzo 2011 GFY Hall of Fame! Industry Role: Join Date: Nov 2000 Location: Back in Texas! Posts: 15,226	There's no money in Tubes... __________________ Looking for Opportunity!

02-15-2010, 03:52 PM	#9
Agent 488 Registered User Industry Role: Join Date: Feb 2006 Posts: 22,511	all that work for nothing.

02-15-2010, 03:53 PM	#10
hypedough Confirmed User Join Date: Sep 2007 Location: Now running NATS4: HypeDough.com! Posts: 3,743	HAHAHAHAHAHAHAHHAHAHAHAHAHAHA couldn't happen to better people. __________________ Ricky D :: Hype Dough President \| XBIZ.net \| ICQ 172-939-826 AIM+Skype HypeDough \| [NATS4] Kayden420: ['09 '10 '11 XBIZ Nominee \| Exclusive & HD] \| ThePornScout: [Exclusive + Reality \| Amateurs Want to Become Pornstars]

02-15-2010, 03:55 PM	#11
Agent 488 Registered User Industry Role: Join Date: Feb 2006 Posts: 22,511	no sources are provided so who knows.

02-15-2010, 05:24 PM	#12
SBJ So Fucking Fabulous Industry Role: Join Date: Apr 2003 Location: Indiana Posts: 11,375	long live tubes?? __________________ Chaturbate - Make tons of money from Cams! *Name Silo - Domains under $9 and free ID protect*

02-15-2010, 05:27 PM	#14
JD Too lazy to set a custom title Industry Role: Join Date: Sep 2003 Posts: 22,651	lmaooooooooooooooooo

02-15-2010, 05:28 PM	#15
Les Grossman So Fucking Banned Join Date: Sep 2009 Location: On your last nerve Posts: 1,012	LOL I love it. What comes around, goes around. I hope they lose every penny.

02-15-2010, 05:35 PM	#16
Longboat full of Vikings So Fucking Banned Join Date: Nov 2004 Posts: 284	i hope brazzers get fucked in the ass over this

02-15-2010, 05:40 PM	#17
Bman Confirmed User Industry Role: Join Date: Aug 2003 Location: Redirecting your traffic Posts: 1,679	Gov't doesn't like to lose...they will win one way or another. __________________ ICQ 228211529

02-15-2010, 05:44 PM	#18
okok Confirmed User Join Date: Jan 2003 Location: LA Posts: 502	From the feds' POV, the concern does make sense: a biz that does nothing but get deposits and make payments _is_ a money-transmitting business. We here know that the context is different, but should it raise red flags to the watchdogs? Certainly. Interesting. I wonder if other non-US programs that have US payout entities have them licensed as money-transmitting businesses? [] "Certainly" in that this entity looks like exactly what the feds are looking for, not in the sense that it is "correct" to look for it. No need to spiral into a debate about what role the feds should have in these matters.

02-15-2010, 05:52 PM	#20
CarlosTheGaucho Confirmed User Industry Role: Join Date: Oct 2005 Posts: 9,510	These guys and greed? Shocking! __________________ CTG Media \| skype: carlosprague \| cb \|at\| ctgmedia \|dot\| net \| Want to make more with your Dating Traffic? \| Read My Educational Series \| Read my Adult Biz Chronicles \| Did your ad revenue drop by 40 pct. or more last year?

02-15-2010, 06:23 PM	#21
SomeCreep :glugglug Join Date: Mar 2003 Location: Where the Wild Things Are Posts: 26,118	Multi-page thread... You may proceed. __________________ Webair Hosting I use and recommend Webair for hosting.

02-15-2010, 06:25 PM	#22
dyna mo The People's Post Industry Role: Join Date: Dec 2008 Location: invisible 7-11 Posts: 63,905	wow, interesting. i would of expected more cash in those accounts though.

02-15-2010, 06:26 PM	#23
Cyber Fucker Hmm Industry Role: Join Date: Sep 2005 Location: On an endless road around the world for rock and roll. Posts: 12,642	indeed very interesting stuff... __________________

02-15-2010, 07:29 PM	#24
Phoenix BACON BACON BACON Industry Role: Join Date: Nov 2002 Location: Poems everybody, the laddie fancies himself a poet Posts: 35,457	thats alot of money to lose __________________ Skype Phoenixskype1 Telegram PhoenixBrad https://quantads.io

02-15-2010, 08:40 PM	#26
LeRoy Porn Pusher Industry Role: Join Date: Jul 2007 Location: It's a dry heat Posts: 13,334	6.5 mil pfff. that's nothing. __________________ JAPANESE CAMS AND CONTENT SITES Skype - leroy.rowland2

02-15-2010, 08:47 PM	#27
fris Too lazy to set a custom title Industry Role: Join Date: Aug 2002 Posts: 55,220	us govt should keep it __________________ Since 1999: 69 Adult Industry awards for Best Hosting Company and professional excellence. WP Stuff

02-15-2010, 08:51 PM	#28
Black_Widow So Fucking Banned Join Date: Apr 2007 Posts: 381	Nice, bitches.

02-15-2010, 09:51 PM	#29
TXXXTN Confirmed User Industry Role: Join Date: Mar 2009 Posts: 265	interesting ... __________________ i need money.

02-15-2010, 10:02 PM	#30
1200mics Confirmed User Join Date: Sep 2005 Location: ICQ : 297-476-738 Posts: 5,131	Lets get the party started ! __________________

02-15-2010, 11:15 PM	#31
DBS.US Geo Cities Industry Role: Join Date: Aug 2003 Location: North Captiva Island, Florida USA Posts: 11,828	That's just the money they know about __________________ Make a Free Chaturbate White Label site in 34 minutes and be making money tonight

02-16-2010, 01:36 AM	#33
DF03 Registered User Join Date: Apr 2007 Posts: 43	they makes some hot bichiz tho

02-16-2010, 04:36 AM	#36
bloggingseo Confirmed User Join Date: May 2007 Location: Austin Posts: 1,793	Oh man you want to talk about deep shit... __________________ Writing mainstream and adult since 2003 Hit me up ICQ 375089597

02-16-2010, 09:05 AM	#38
Half man, Half Amazing Confirmed User Join Date: Feb 2008 Location: Capital Wasteland, DC Posts: 372	bump for karma!