escorts.com makes a deal

[ScarletteRae]

http://www.statesman.com/news/nation...s-1945247.html

[ScarletteRae]

did anybody read this?

[Sweet N Little]

National A-1 Advertising Inc. and R.S. Duffy Inc. agreed to plead guilty to money laundering conspiracy and will forfeit $4.9 million, pay a $1.5 million fine and serve 1 1/2 years of probation, according to court documents filed Tuesday in U.S. District Court in Williamsport.


Wow that is a hefty fine!!

[ScarletteRae]

I think they are not joking....

[Tori DuPree]

Wow...Just for operating an adult website...Whats the difference between escorts.com and all the others? ???? Hmmmm

[Old-T]

Looking at the money laundering part of the plea leads one to think (1) some of the $ may have been from other sources, and (2) IRS.

[ScarletteRae]

Taking the cash paid to the site by its "members" and is redirected into other parts of their business i think constitues laundering or most likely racketeering..very serious charge

[dilbert firestorm]

Originally Posted by ScarletteRae

Taking the cash paid to the site by its "members" and is redirected into other parts of their business i think constitues laundering or most likely racketeering..very serious charge

not necessarily.

that depends on where the laundered money was coming from.

if they are doing it to hide funds from the IRS, that be more likely.

the article doesn't say how they laundered funds.

[jenessaskye]

That company owned porn sites too. Maybe they were illegally moving money between projects to avoid taxes.

[ScarletteRae]

http://newswire.xbiz.com/view.php?id=140338
read the last line of this report

[dilbert firestorm]

Originally Posted by ScarletteRae

http://newswire.xbiz.com/view.php?id=140338
read the last line of this report

"Prosecutors said the two companies engaged in monetary transactions in excess of $10,000 which were derived from the allegedly unlawful activities."


what alleged activities? they really don't say.