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AN AMERICAN judge has
ordered the seizure of the assets of
www.sex.com in the latest
twist in the bizarre dispute over what is considered to be one of
the world's most valuable websites. Over the last six years sex.com,
true to its name, has become a highly lucrative hard-core
pornography site.
According to the Miami-based Offshore
Alert newsletter, a federal judge has now appointed
a receiver to take control of any past earnings from the website.
Offshore Alert editor
David Marchant says: "This is a strange
tale of sex, sleaze and money involving money siphoned off into
offshore companies and banks." The receiver is hunting the assets of
American sex.com operator Stephen Cohen, who ran the porn empire
from the British Virgin Islands, and is believed to hold accounts in
the VP Bank (BVI) and two other banks in the British dependency.
From 1995 Mr Cohen, who had been recently released from federal
prison after serving a 46 -month sentence for bankruptcy fraud,
built up the porn business on the sex.com site. |
