Porn-Investing Hedge Fund Claims 50% Return

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#388350 - 01/07/09 03:31 AM Porn-Investing Hedge Fund Claims 50% Return
Crocodile Pervert Registered: 12/26/07 Posts: 2056	Quote: Francis Koenig, manager of hedge fund AdultVest, tells The Atlantic Monthly his hedge fund returned 50% last year by investing in porn-related assets, both public and private. The story fits with the common perception that sin and sex sell in any environment. We asked Koenig what, exactly, he's been investing in that's bucked the trend, but he was unwilling to go into much detail. He noted AdultVest bought some porn domain names, which have been appraised at higher values, but which haven't been sold. He also mentioned AdultVest's stake in iPorn -- a startup doing porn for the iPhone. But iPorn hasn't launched yet so any value is going to be difficult to determine. http://clusterstock.alleyinsider.com/2009/1/porn-investing-hedge-fund-claims-50-return Lol _________________________ "If you keep making fun of me, I might just get pissed and not post on here anymore. Start taking me seriously. I'm a student now" Fatja
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#388351 - 01/07/09 03:53 PM Re: Porn-Investing Hedge Fund Claims 50% Return
Coke banned by Monkey Whoremaster Registered: 06/22/07 Posts: 2656 Loc: Polekatz, Rte 43	If it looks too good to be true, it probably is. Frances Koenig doesn't know anything that his competitors don't know. In fact he knows a lot less. If this is a Ponzi scheme or something shady, he was incredibly stupid to claim a 50% gain. As if no one would notice. We should hear after people try to withdraw funds. Money laundering is a possibility. More likely Koenig started losing money but wanted to keep the lifestyle/successful image going, so he started lying on paper and doing the ponzi thing with new investors. If this is where all the successful porn scumbags have put their money, it could devastate the industry. _________________________ "You have been banned from making any new posts or sending private messages. The reason for this ban is: meh, cause i can"
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#388352 - 01/08/09 06:58 PM Re: Porn-Investing Hedge Fund Claims 50% Return
Stevie Why Gay For Pay Registered: 05/16/07 Posts: 988 Loc: Sun Diego	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. _________________________ "I choppy choppy yo pee pee"
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#388353 - 01/08/09 08:20 PM Re: Porn-Investing Hedge Fund Claims 50% Return
LouCypher @ Porn Jesus Registered: 10/19/06 Posts: 9958 Loc: fortified	Stevie.... Beat Germy Steals face into the ground (I mean violence, not your typical friday night) during the convention and recieve 20 free interwerbs. Same goes for Porno Dan. To be fair the deal will work likewise, if h0m0 dan or germy gets hold of tard or tard(I've lost track of the human waste objects) then they get the award. _________________________ i just lock, load, and regret. - jamesn
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#388354 - 01/09/09 02:18 AM Re: Porn-Investing Hedge Fund Claims 50% Return
hyperion Rob Black's Crack Pipe Registered: 07/02/07 Posts: 99 Loc: Hanging a clock in my Bathroom	What i see here is a 'black box' with supposed returns coming out but with no finincials to back up the claims.
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#388355 - 01/09/09 05:23 PM Re: Porn-Investing Hedge Fund Claims 50% Return
Vice Admiral Human Garbage Registered: 09/18/08 Posts: 1574 Loc: DIEGO!	Maybe he means that he'll return 50% of the money to the investors when he's done squandering it.
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#388356 - 01/09/09 05:40 PM Re: Porn-Investing Hedge Fund Claims 50% Return
Coke banned by Monkey Whoremaster Registered: 06/22/07 Posts: 2656 Loc: Polekatz, Rte 43	If the primary investors for the hedge fund themselves need to launder a shit load of cash, it would be a clever approach (of course with much more subtlety than 50%). Hedge funds have a lot more freedom and can be much more secretive than other financial instruments. If there are no stories out yet about people having trouble withdrawing funds, you have to wonder. Also, we might have already heard that Koenig is promising new investors the moon in a mad dash to bring in new cash. Either way, I'd wager there will be federal wire taps in his office soon (if they're not already in place). _________________________ "You have been banned from making any new posts or sending private messages. The reason for this ban is: meh, cause i can"
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#388357 - 01/09/09 09:10 PM Re: Porn-Investing Hedge Fund Claims 50% Return
Uomo Grassissimo!! Porn Jesus Registered: 04/14/06 Posts: 14755 Loc: Busy downloading [LEGALLY!]	Quote: Maybe he means that he'll return 50% of the money to the investors when he's done squandering it. HA! _________________________ Amo i Gemelli!!
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