If You Were Screwed By IBill today you got a little satisfaction
 

from MikeSouth.Com


If IBill Fucked You Back In The Day You Now Have Some Payback
By MikeSouth
July 21st, 2016

Anyone in porn any length of time remembers IBill, they were at one time the worlds largest processor of credit cards for adult sites. They shut down overnight owing a LOT of webmasters a LOT of money, fortunately I was not one of them, for those of you that were?This happened today

From Reuters

An investment banker once dubbed ?Porn?s New King? and accused of engineering a scheme with his father and two brothers to reap illegal profits by manipulating a reinsurer?s stock price pleaded guilty to fraud charges on Thursday.

Jason Galanis, 46, of Los Angeles, admitted to securities fraud, investment adviser fraud, and two conspiracy charges at a hearing before U.S. Magistrate Judge Sarah Netburn in Manhattan.

Under a plea deal, Galanis agreed not to appeal any prison term of 12-1/2 years or fewer, and agreed to forfeit nearly $37.6 million plus two properties. His sentencing is scheduled for Dec. 9.

Galanis? plea came one day after his father John pleaded guilty to related securities fraud and conspiracy charges concerning the reinsurer, Gerova Financial Group Ltd.

Two brothers, Jared and Derek Galanis, and former Gerova Chairman Gary Hirst were also criminally charged, and according to prosecutors, face a Sept. 12 trial.

The case is one of two pending against Jason Galanis, who was nicknamed ?Porn?s New King? by Forbes magazine in 2004 after buying the nation?s largest processor of credit card payments for internet pornography (IBill).

In May, prosecutors unveiled separate charges accusing Galanis of engineering a roughly $60 million bond scam targeting South Dakota?s Oglala Sioux Nation, and using proceeds to make investments and buy luxury goods.

In the Gerova case, prosecutors said Jason Galanis, with the assistance of Hirst, amassed more than 5 million shares, nearly half of the reinsurer?s public float, and had them issued to a so-called straw holder to disguise his ownership.

Galanis then allegedly bribed investment advisers to buy Gerova shares for their own clients, and through coordinated trading sold Gerova shares from the straw holder?s account.

Prosecutors said Galanis? wrongdoing occurred between 2007 and 2011. The Gerova stock manipulation scheme resulted in nearly $20 million in profits, they said.

?I knew the conduct was not correct,? Jason Galanis said at Thursday?s hearing. ?I wasn?t aware of statutes at the time, but I knew the conduct was not correct, possibly illegal.?

Two other defendants were also charged in the Gerova case. The broker Gavin Hamels has pleaded guilty, while the alleged straw holder, Ymer Shahini, is a fugitive.

Jason Galanis has been in custody since his May arrest over the tribal bond scheme. On Wednesday, a federal appeals court refused to restore his bail.

The case is U.S. v. Galanis et al, U.S. District Court, Southern District of New York, No. 15-cr-00643.

Karma's a bitch

Nice to see he finally got his.

They got me for a tiny amount, and reading this does not make me sad.

here's a pic of him receiving his punishment

https://upload.wikimedia.org/wikiped...Crawford01.jpg

Nice! Assholes stole 4 figures from me :disgust

Good news to go to bed with. :D

Ymer Shahini

Yah I would do business with someone named this, wouldn't you? Seems legit...

Why does The Grateful Dead song 'Jack Straw' keep playing in my head?

No less than 12.5 years. Woooo Weeee

Would be nice to read the same about Chris Mallick one day.

There's no such thing. Like religion karma is just an abstract concept to cope with unseen events that can't be coherently tied together.

How you do one thing is how you do everything, that's why this shouldn't be a surprise.

The brother in the back ratted him out. :1orglaugh

http://blackmonsters.com/gfy/ibilldone.jpg

Turn in my essay? ;)

:1orglaugh :1orglaugh ...

Actually, the agreement is he won't appeal any term under 12.5, so he'll most likely get a sentence of fewer than 12.5 so the prosecutor doesn't have to worry about appeal.

:2 cents::thumbsup:thumbsup

12 years works and hopefully its not cut in half for good behavior.

way before my time but running a biz myself can't fathom the devastation that caused. glad they're going to see some bars. excellent news :thumbsup

Ah yes I read that incorrectly, thank you!

Hell ya...and about a dozen or so at Mansef/Manwin/MindGeek they have an appointment with karma coming I think....

iBill fucked us...but we fucked them...and eventually got our money.

I love reading these karma stories.

Galanis can rot in hell, cocksucker.

All good things come to those who wait :thumbsup:thumbsup:thumbsup:thumbsup:thumbsup

Karma: For every action, there is an equal and opposite reaction force. What comes around goes around.

It's kinda not like religion at all and more like science :thumbsup

Took the words out of my mouth ;)

ok this was funny. yes ibill owed me from back in the day. so did websitebilling, epassporte, lotsa nigglers owe me who went tits up but thats not whats funny. about the names... most people in this business have names 3 times longer and more exotic than this. its common for spanish girls to have 5 names on their ID (first, 3 middles, and then last name) half the cards i get from show reps are one-off foreigner names. as a general rule if a girl is hot you cant pronounce her name and it has silent letters. where have you been that you can only transact biz with joe blow and jane smith? do you not outsource work to pi and send western unions to mr batagabongmbulubulu sir? my point is if you dont do business with people funny names youre leaving a lot of bread on the table mane

No, science requires that a hypotheses be repeatable to become fact, many criminals never pay a price for their crimes. All people eventually endure tragedy or bad fortune, when a bad person does it's not some karmic payback.

Bad people continue to be bad people, live recklessly, and the odds catch up to them.

Karma isn't supernatural, it's very human.

Saw this in the mainstream a couple of days ago and laughed.

As luck would have it iBill kept on paying me for all those Bangbus rebills while many others I know or knew were getting royally screwed. Thus I never took personal issue with them at all back in the day.

But that doesn't negate the fact that their owner or anyone who controlled them doesn't deserve this kind of karma. Of course he does.

YES!
And also about Jason Joseph Forrest :mad: