Who would have thought a porno hedge fund, who advertised that they had $10 billion to invest in porno, and run by an unlicensed broker, was a total front?

Quote:

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AdultVest’s iPorn unveiled its smutty new social networking service this week, bringing three scantily-clad spokesmodels with it. Users will have access to thousands of free adult videos on their iPhones; the pornucopia will come to other mobile devices later this summer.


“You could be watching porn right now!” one of the iPorn girls told the line awaiting entrance to the conference. iPorn later hosted a nine-hour “Bikini Girls” afterparty.


“Since iPorn is one of the fastest-growing iPhone user communities on the web short of iTunes itself, we though sponsoring a party would be a really nice way of showing our appreciation to Apple and to all the iPhone developers who have contributed to the iPhones tremendous success,” an unidentified iPorn spokesman said in a press release.


AdultVest’s Priapus Investment Fund was named Institutional Investor Magazine’s “Hedge Fund Launch of the Year” last year. But sources close to the firm told FINalternatives earlier this year that AdultVest founder Francis Koenig was looting the fund to pay for his lavish lifestyle.


“There is almost no money left in the fund,” an investor said. “Koenig has an American Express black card through the company that he uses on partying, girls and high living. Most money is missing and iPorn.com is not worth what he says it is.”

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Anyone want to guess which porn-stealing "youtube" clone they got their content from?

Willie, you've been tracking this for a while. From the first time you put up some of their "press", the whole thing stunk to high heaven. How anyone in their right mind would invest in something like this is beyond me.

I thought I too was making fun of these wankus....strike that.....wankers....as well......me thought now this is a con worthy of one of the best porn MLM and or ponzi schemes I have ever witnessed.....the fun facts come out at last.....

Here is the newest scam he it trying to pull

From sources close to Koening.

He has purchased a ton of junk foreign traffic in an effort to inflate iporn's Alexa ratings (traffic ranking system).

He is then using these inflated numbers of worthless traffic to try and scam people into advertising on his iPorn.com site.