After reading every single terrible story that's come out about Adultvest, iPorn, xPeeps and the rest the last few months, I think he's just stealing the money and squandering it rather than any complicated Ponzi scheme.

Anyone know what the return on an xPeeps party is? Is that one of the touted "private" investments?

I'd bet good money the "fund" is bust by the end of this year and he's facing some serious charges by the end of next year.