Former IBill Owner Sentenced to 14 years in prison - GoFuckYourself.com

Bladewire · 08-13-2017, 10:06 AM

Karma.

IBill took thousands from me fuck him

"Prosecutors said Galanis misappropriated over $8.5 million for his personal use, including to buy a home, jewelry, clothing, travel, entertainment and meals.

Forbes magazine labeled Galanis ?Porn?s New King? in 2004 after he bought the nation?s biggest payment processor for internet pornography."

?Porn?s New King? sentenced to over 14 years in prison | New York Post

A LOS ANGELES man once dubbed ?Porn?s New King? was sentenced to more than 14 years in prison after cheating a Native American tribal entity and pension fund investors of tens of millions of dollars.

Jason Galanis, 47, was sentenced on Friday to 14 years and five months in prison by U.S. District Judge Ronnie Abrams in Manhattan for a scheme that lost over $40 million.

Abrams said Galanis was ?charming, manipulative and flat-out lying to people? as he carried out his crimes from March 2014 through April 2016.

He said they defrauded a Native American tribe into issuing bonds before selling the illiquid bonds to unwitting pension funds only to steal the proceeds for themselves.

?For his role in this campaign of theft and deception, Jason Galanis will now spend over 14 years in prison,? Kim said.

Prosecutors said Galanis misappropriated over $8.5 million for his personal use, including to buy a home, jewelry, clothing, travel, entertainment and meals.

Forbes magazine labeled Galanis ?Porn?s New King? in 2004 after he bought the nation?s biggest payment processor for internet pornography.

TheDynasty · 08-13-2017, 10:15 AM

Hope he's doing state time and not fed.

Bladewire · 08-13-2017, 10:20 AM

Quote:

Originally Posted by TheDynasty

Hope he's doing state time and not fed.

What's the difference with state time? I thought fed time was tougher no?

bns666 · 08-13-2017, 10:37 AM

who knows how much he has stashed away

blackmonsters · 08-13-2017, 10:47 AM

Quote:

Originally Posted by bns666

who knows how much he has stashed away

Hopefully he stashed up his ass and it will be found one dollar and one dick at a time.

Barry-xlovecam · 08-13-2017, 10:53 AM

Ironic -- the pleading of save me, save me! from the vultures of the adult industry. In the end he fucked over an Indian tribe and the Feds nailed him. (or paradoxical?)

There should be a lesson in this -- porn will get no help but only harassment from the Feds -- so quit your dreaming.

TheDynasty · 08-13-2017, 10:58 AM

Quote:

Originally Posted by Bladewire

What's the difference with state time? I thought fed time was tougher no?

State time is harder than Fed , Fed you get a comfortable stay compared to state stay. Fed you can get so many days off your sentence too for good time

Bladewire · 08-13-2017, 11:16 AM

Quote:

Originally Posted by TheDynasty

State time is harder than Fed , Fed you get a comfortable stay compared to state stay. Fed you can get so many days off your sentence too for good time

Good to know thanks. Let's hope he lands in state prison :D

His father got 27 years in federal prison.

Update: Turns out his sentence is in federal prison too

. Brazen Securities Fraud on Tribal Entities For Tens of Millions Results in 14 Year Jail Term

"After defrauding a Native American tribe into issuing bonds, Jason Galanis and his cohorts sold the illiquid bonds to unwitting pension funds, and then stole the proceeds for themselves. For his role in this campaign of theft and deception, Jason Galanis will now spend over 14 years in federal prison.?

Qbert · 08-13-2017, 12:43 PM

Quote:

Originally Posted by TheDynasty

Fed you can get so many days off your sentence too for good time

But no more than 15% of the sentence. Minimum 85% must be served. Much lower percentage of time served on average in State prisons due to overcrowding.

kane · 08-13-2017, 12:46 PM

Quote:

Originally Posted by TheDynasty

State time is harder than Fed , Fed you get a comfortable stay compared to state stay. Fed you can get so many days off your sentence too for good time

With the time off it is actually just the opposite. In a federal prison, at most, you can get credited with 54 days of good time per year so you end up serving about 85% of your time. At the state level you can get a lot more time reduced and end up serving a lot less because they take other factors like overcrowding, what you are in for, etc. into consideration.

The good part about state time is you will likely stay close to home so your friends and family can come see you and you are typically in with fewer violent criminals. On the fed side, they can move you whenever they want wherever they want so you can be convicted in California and end up doing time in Georgia.

kane · 08-13-2017, 12:47 PM

And. . . good riddance this prick still owes me about $4,000.

RyuLion · 08-13-2017, 12:49 PM

Not enough years for what he did...

directfiesta · 08-13-2017, 01:33 PM

Quote:

Originally Posted by Barry-xlovecam

Ironic -- the pleading of save me, save me! from the vultures of the adult industry. In the end he fucked over an Indian tribe and the Feds nailed him. (or paradoxical?)

There should be a lesson in this -- porn will get no help but only harassment from the Feds -- so quit your dreaming.

Quoted for truth

OneHungLo · 08-13-2017, 02:39 PM

Quote:

Originally Posted by TheDynasty

State time is harder than Fed , Fed you get a comfortable stay compared to state stay. Fed you can get so many days off your sentence too for good time

Fed time you do 85% of your sentence. state is like 50%

Bladewire · 08-13-2017, 03:15 PM

Quote:

Originally Posted by RyuLion

Not enough years for what he did...

Agreed

Barry-xlovecam · 08-13-2017, 05:11 PM

No one in the porn biz got a penny in restitution -- so any win was only in revenge.
Nice to see him go down however.

Bladewire · 08-13-2017, 05:21 PM

Quote:

Originally Posted by Barry-xlovecam

No one in the porn biz got a penny in restitution -- so any win was only in revenge.
Nice to see him go down however.

He will litterally "be going down" soon

Busty2 · 08-13-2017, 05:24 PM

I lost $20,000+ and wrote it off years ago, but its nice to see that this cunt got his just rewards.

SilentKnight · 08-13-2017, 07:08 PM

Quote:

Originally Posted by kane

And. . . good riddance this prick still owes me about $4,000.

We were among the lucky few who got paid the balance of what they owed. But it took a lot of manipulation at the time.

kane · 08-13-2017, 08:01 PM

Quote:

Originally Posted by SilentKnight

We were among the lucky few who got paid the balance of what they owed. But it took a lot of manipulation at the time.

Glad to hear some people got paid. There are some out there that lost a ton of money.

tobedeleted · 08-13-2017, 08:16 PM

Man, that's awesome. Although it would have been better to hear that his sentence was related to all of the Webmasters they screwed over. I lost around 9k and at the time they were my only source of income.

I would call them daily trying to find out what was going on and was told a different story every time. They purposely tried to keep you billing with them as long as possible by making you think that it was just a temporary problem and you would receive payment asap.

Paul Markham · 08-14-2017, 01:52 AM

He deserves every minute.

celandina · 08-14-2017, 09:22 AM

What payment processor did he bought and ran ???

Phoenix · 08-14-2017, 09:26 AM

Quote:

Originally Posted by Barry-xlovecam

No one in the porn biz got a penny in restitution -- so any win was only in revenge.
Nice to see him go down however.

a few people got their money owed

Bladewire · 08-14-2017, 11:26 AM

Quote:

Originally Posted by celandina

What payment processor did he bought and ran ???

It was IBill

KillerK · 08-14-2017, 09:14 PM

now if they could snag the epassporte asshole too.

ilnjscb · 08-15-2017, 03:11 AM

Where do these fuckers get the capital in the first place?

Busty2 · 08-15-2017, 07:23 AM

Quote:

Originally Posted by ilnjscb

Where do these fuckers get the capital in the first place?

Crooked bank employees who would take your home at the drop of a hat if you miss a payment, but let assholes like this get away with hundreds of millions. So long as they get there bonus twice a year.

Busty2 · 08-15-2017, 08:02 AM

Ibill opened up again in 2011, lots of posts are on GFY. The asshole employee who re started IBILL came on here trying to get accounts, he failed miserably and the company has now closed again at least as IBILL.com and Ibill.net.

iBill was an internet billing company, founded in 1997 and known in the early 2000s as a top credit card transaction aggregator for adult entertainment websites. It was acquired by InterCept in 2002 and subsequently purchased by Interactive Brand Development in January 2005.

iBill was incorporated as 'INTERNET BILLING COMPANY, LTD.' and changed its name to 'IB HOLDING COMPANY, LTD.' in 2002. 'INTERNET BILLING COMPANY, LTD' was incorporated on 10/23/96 with $990. On 3/19/02 the company filed for total capital contributions of $15,886,000.00. Albert J. Angel is a key person who acted as iBill's first president.

JFK · 08-15-2017, 09:06 AM

Quote:

Originally Posted by Busty2

Ibill opened up again in 2011, lots of posts are on GFY. The asshole employee who re started IBILL came on here trying to get accounts, he failed miserably and the company has now closed again at least as IBILL.com and Ibill.net.

iBill was an internet billing company, founded in 1997 and known in the early 2000s as a top credit card transaction aggregator for adult entertainment websites. It was acquired by InterCept in 2002 and subsequently purchased by Interactive Brand Development in January 2005.

iBill was incorporated as 'INTERNET BILLING COMPANY, LTD.' and changed its name to 'IB HOLDING COMPANY, LTD.' in 2002. 'INTERNET BILLING COMPANY, LTD' was incorporated on 10/23/96 with $990. On 3/19/02 the company filed for total capital contributions of $15,886,000.00. Albert J. Angel is a key person who acted as iBill's first president.

I have pics somewhere , of them being at a show

Busty2 · 08-15-2017, 01:18 PM

Quote:

Originally Posted by JFK

I have pics somewhere , of them being at a show

Be interesting to see them.

Marshal · 08-15-2017, 09:22 PM

As soon as there's an info where he will be located, it is a chance for all the people that are still owed to go for a visit.

What goes around comes around...

I wish Mallick gets the same penalty one day...

Bladewire · 08-15-2017, 09:25 PM

Quote:

Originally Posted by Busty2

Crooked bank employees who would take your home at the drop of a hat if you miss a payment, but let assholes like this get away with hundreds of millions. So long as they get there bonus twice a year.

QFT

Sexier · 08-16-2017, 12:14 PM

Lost around 25K with them, while not largest amount someone in adult took from my pocket is on top 3.

Hannes · 08-16-2017, 12:53 PM

he's probably gonna still be rich when he leaves jail too.

TheDynasty · 08-17-2017, 08:23 PM

someone needs to goto jail and shank him

InfoGuy · 08-18-2017, 12:46 PM

Quote:

Originally Posted by Busty2

Ibill opened up again in 2011, lots of posts are on GFY. The asshole employee who re started IBILL came on here trying to get accounts, he failed miserably and the company has now closed again at least as IBILL.com and Ibill.net.

I remember seeing that asshole at InterNext.

08-13-2017, 10:06 AM	#1
Bladewire StraightBro Industry Role: Join Date: Aug 2003 Location: Monarch Beach, CA USA Posts: 56,232	Former IBill Owner Sentenced to 14 years in prison Karma. IBill took thousands from me fuck him "Prosecutors said Galanis misappropriated over $8.5 million for his personal use, including to buy a home, jewelry, clothing, travel, entertainment and meals. Forbes magazine labeled Galanis ?Porn?s New King? in 2004 after he bought the nation?s biggest payment processor for internet pornography." ?Porn?s New King? sentenced to over 14 years in prison \| New York Post A LOS ANGELES man once dubbed ?Porn?s New King? was sentenced to more than 14 years in prison after cheating a Native American tribal entity and pension fund investors of tens of millions of dollars. Jason Galanis, 47, was sentenced on Friday to 14 years and five months in prison by U.S. District Judge Ronnie Abrams in Manhattan for a scheme that lost over $40 million. Abrams said Galanis was ?charming, manipulative and flat-out lying to people? as he carried out his crimes from March 2014 through April 2016. He said they defrauded a Native American tribe into issuing bonds before selling the illiquid bonds to unwitting pension funds only to steal the proceeds for themselves. ?For his role in this campaign of theft and deception, Jason Galanis will now spend over 14 years in prison,? Kim said. Prosecutors said Galanis misappropriated over $8.5 million for his personal use, including to buy a home, jewelry, clothing, travel, entertainment and meals. Forbes magazine labeled Galanis ?Porn?s New King? in 2004 after he bought the nation?s biggest payment processor for internet pornography.

08-13-2017, 10:15 AM	#2
TheDynasty See Signature Industry Role: Join Date: Apr 2016 Location: noneya Posts: 5,882	Hope he's doing state time and not fed. __________________ Try out WP-SCRIPT The Best Tube Script

08-13-2017, 10:37 AM	#4
bns666 Confirmed Fetishist Industry Role: Join Date: Mar 2005 Location: Fetishland Posts: 11,472	who knows how much he has stashed away __________________ ⭐ CAM SODA ⭐ STRIPCHAT ⭐ ⭐ CHATURBATE ⭐ SKYPE SEX CAMS ⭐

08-13-2017, 12:49 PM	#12
RyuLion ClubDomCash.com Industry Role: Join Date: Mar 2003 Location: San Diego Posts: 32,053	Not enough years for what he did... __________________ Promote Clubdom.com (since 1997) - Adult Biz Consultant

08-14-2017, 01:52 AM	#22
Paul Markham Too old to care Industry Role: Join Date: Jun 2001 Location: On the sofa, watching TV or doing my jigsaws. Posts: 52,943	He deserves every minute. __________________ Blowout deal. 880 videos, 2,400 image sets, plus many RAW videos. $500. PM me for a deal. Skype Paulmarkham70

08-13-2017, 10:53 AM	#6
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	Ironic -- the pleading of save me, save me! from the vultures of the adult industry. In the end he fucked over an Indian tribe and the Feds nailed him. (or paradoxical?) There should be a lesson in this -- porn will get no help but only harassment from the Feds -- so quit your dreaming.

08-13-2017, 12:47 PM	#11
kane Too lazy to set a custom title Join Date: Aug 2001 Location: portland, OR Posts: 20,684	And. . . good riddance this prick still owes me about $4,000.

08-13-2017, 05:11 PM	#16
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	No one in the porn biz got a penny in restitution -- so any win was only in revenge. Nice to see him go down however.

08-13-2017, 05:24 PM	#18
Busty2 Member since 1999 Industry Role: Join Date: Dec 2007 Location: Off the Amalfi coast Posts: 7,202	I lost $20,000+ and wrote it off years ago, but its nice to see that this cunt got his just rewards.

08-13-2017, 08:16 PM	#21
tobedeleted Pay Per Minute Products Industry Role: Join Date: Nov 2015 Posts: 299	Man, that's awesome. Although it would have been better to hear that his sentence was related to all of the Webmasters they screwed over. I lost around 9k and at the time they were my only source of income. I would call them daily trying to find out what was going on and was told a different story every time. They purposely tried to keep you billing with them as long as possible by making you think that it was just a temporary problem and you would receive payment asap.

08-14-2017, 09:22 AM	#23
celandina Too lazy to set a custom title Industry Role: Join Date: Jun 2006 Posts: 10,827	What payment processor did he bought and ran ???

08-14-2017, 09:14 PM	#26
KillerK Confirmed User Join Date: May 2008 Posts: 3,406	now if they could snag the epassporte asshole too.

08-15-2017, 03:11 AM	#27
ilnjscb Confirmed User Industry Role: Join Date: Jun 2009 Posts: 8,466	Where do these fuckers get the capital in the first place?

08-15-2017, 08:02 AM	#29
Busty2 Member since 1999 Industry Role: Join Date: Dec 2007 Location: Off the Amalfi coast Posts: 7,202	Ibill opened up again in 2011, lots of posts are on GFY. The asshole employee who re started IBILL came on here trying to get accounts, he failed miserably and the company has now closed again at least as IBILL.com and Ibill.net. iBill was an internet billing company, founded in 1997 and known in the early 2000s as a top credit card transaction aggregator for adult entertainment websites. It was acquired by InterCept in 2002 and subsequently purchased by Interactive Brand Development in January 2005. iBill was incorporated as 'INTERNET BILLING COMPANY, LTD.' and changed its name to 'IB HOLDING COMPANY, LTD.' in 2002. 'INTERNET BILLING COMPANY, LTD' was incorporated on 10/23/96 with $990. On 3/19/02 the company filed for total capital contributions of $15,886,000.00. Albert J. Angel is a key person who acted as iBill's first president.

08-15-2017, 09:22 PM	#32
Marshal Biz Dev and SEO Industry Role: Join Date: Jun 2005 Posts: 15,126	As soon as there's an info where he will be located, it is a chance for all the people that are still owed to go for a visit. What goes around comes around... I wish Mallick gets the same penalty one day...

08-16-2017, 12:14 PM	#34
Sexier Confirmed User Industry Role: Join Date: Sep 2010 Location: Celt-Iberia Posts: 364	Lost around 25K with them, while not largest amount someone in adult took from my pocket is on top 3. __________________ Webmasters Contact: \| skype: jp_sexier

08-16-2017, 12:53 PM	#35
Hannes Confirmed User Industry Role: Join Date: May 2016 Posts: 1,594	he's probably gonna still be rich when he leaves jail too. __________________ Skype: gallag97 Email: [U]comingsoon/U]

08-17-2017, 08:23 PM	#36
TheDynasty See Signature Industry Role: Join Date: Apr 2016 Location: noneya Posts: 5,882	someone needs to goto jail and shank him __________________ Try out WP-SCRIPT The Best Tube Script