Home > News > Mansef, U.S. in Settlement Talks Over $6.4M in Seized Funds • Bookmark   • Newsletters   • Register Search Options

NEWS STORY

Mansef, U.S. in Settlement Talks Over $6.4M in Seized Funds

Mansef, U.S. in Settlement Talks Over $6.4M in Seized Funds
Get XBIZ News
Nov 30, 2010 12:00 PM PST    Text size: 
ATLANTA — Federal authorities say they are actively engaged in settlement talks with Mansef Inc. and its Premium Services Inc. division over the seizure of $6.4 million seized by the Secret Service.

Mary Kruger, an assistant U.S. attorney in Atlanta, said that both parties are seeking a 30-day extension to come up with terms of a final resolution, "but as of today’s date have not yet reached the terms of a final resolution."

Kruger has asked for an extension of discovery period that would run through much of December.

"An extension of the discovery period will allow the parties to complete settlement discussions without incurring additional costs," Kruger said in a motion to the court. "Additionally, the parties respectfully request that the time to file motions for summary judgment be extended until 30 days after the end of the discovery period, to and including Jan. 28."

Mansef's fight for seized funds began late last year after it set up Atlanta-based Premium Services to facilitate payments from its third-party credit card processors into the accounts and to allow the company to remit funds out of two checking accounts to its U.S. vendors.

The Secret Service claims in court documents that Premium Services was not registered with the federal Treasury Department nor with the Georgia Department of Banking and Finance as a money-transmitting business.

Federal authorities noted in court documents that for three months last year Premium Services received $9.4 million in wire transfers from various sources and that much of the funds originated overseas in countries such as Israel, considered by law enforcement to be at high risk for money-laundering activity.

U.S. authorities claim that the funds in two accounts are forfeitable under 18 U.S.C. § 981 (a)(1)(A) as property involved in or traceable to a transaction in violation of 18 U.S.C. § 1960, which prohibit’s unlicensed money-transmitting businesses.

Mansef and Premium Services deny they are in that line of business. Mansef earlier this year was sold to new owners, which spun off the company as Manwin Inc.

More ways to get XBIZ News:  RSS Feeds  |  E-Newsletters  |  Desktop Widget  |  Mobile
Looking for porn star news and behind-the-scene videos? Check out XFANZ.com !

LEGAL PERSPECTIVES

Dissecting an $11.9M Affiliate Marketing Judgment

The Federal Trade Commission scored another major win in early October when the 2nd U.S. Circuit Court of Appeals upheld a lower court ruling, requiring LeadClick Media LLC to pay an $11.9 million award. The... More »

Legal Protection for Amateur Shoots

Any adult industry professional who creates video content with actual first-time amateurs will come to an early knowledge that later performer regret is commonplace. Recognized performers who regularly... More »

Legal Options to Address Pirated Cam Performances

Many webcam performers have experienced a new trend in online piracy — the illegal recording and publication of live webcam performances. The “business model” is disturbingly simple:... More »
XBIZ NEWSLETTERS
Stay informed of the latest industry developments. Get XBIZ newsletters delivered to your inbox. Subscribe today!
Enter email address:

* To manage existing subscriptions click here.






POPULAR PRODUCTS & SERVICES
Submit your press release to
multiple news outlets with 1 click.
Subscribe to RSS news feeds or
add free content to your website.
Access XBIZ news and articles
with your mobile device.
Access the latest issues of the industry's leading trade publications in digital form. View online or download for offline viewing.

UPCOMING EVENTS

XBIZ 2017

Jan 09 - Jan 13
Hollywood, CA

XBIZ Awards 2017

Jan 12 - Jan 12
Los Angeles, CA

ANME Founders Show

Jan 14 - Jan 15
Los Angeles Marriott Burbank Airport

Everything To Do With Sex Show

Jan 20 - Jan 22
Montréal, Québec
Everyday thousands of business professionals browse XBIZ's industry directory for quality products and services. Not listed yet? Your company could be losing potential new business. Submit your company today!
Use XBIZ RSS feeds to stay informed of the latest industry developments or as a content syndication tool for your website!