Mansef to Settle With U.S. Over $6.4M in Seized Funds

ATLANTA — Mansef Inc. and its Premium Services Inc. division have signed a settlement agreement with the Justice Department over $6.4 million seized by the Secret Service.

Terms of the proposed settlement with the government have yet to be made public. A final order on the matter has yet to be signed off by a federal judge.

"Under the terms and conditions of the settlement agreement, the agreement is subject to approval by the Department of Justice," counsel for Mansef said in a memo to the court. "The agreement has been submitted to the Department of Justice for such approval."

Mansef's fight for seized funds began in 2009 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 have denied they are in that line of business. Montreal-based Mansef last year was sold to new owners, which spun off the company as Manwin Inc.

Both Manwin and the Justice Department did not immediately return XBIZ queries for comment.

Related:  

Copyright © 2025 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

Ofcom Investigates 2 Adult Sites for AV Noncompliance

U.K. media regulator Ofcom is investigating two adult sites for failure to comply with age assurance requirements under the Online Safety Act, which Ofcom is charged with enforcing.

MojoHost to Launch New Servers for Clients

MojoHost has announced that they will launch new GPU servers for their clients.

Maximilian Peldszus Joins Fanblast

Former BestFans CEO Maximilian Peldszus has joined creator software company Fanblast.

Kiiroo Joins Pineapple Support as Supporter-Level Sponsor

Kiiroo has joined the ranks of over 60 adult businesses and organizations committing funds and resources to Pineapple Support.

Eurorgazm Joins ASACP as In-Kind Media Sponsor

Eurorgazm Magazine has signed on as the latest In-Kind Media Sponsor for Association of Sites Advocating Child Protection (ASACP).

Sex Work CEO Debuts Upgraded 'GPTease' AI Assistant

Sex Work CEO has introduced the Power Tier upgrade to its AI-powered, NSFW text generator, GPTease.

Abella Danger to Host 2025 XMA Creator Awards

the 2025 XMA Creator Awards, presented by premier creator platform Fansly.

Joi AI Joins Pineapple Support as Partner-Level Sponsor

Joi AI (formerly Eva AI) has joined the ranks of over 60 adult businesses and organizations committing funds and resources to Pineapple Support.

German Court Upholds Ban on PornHub, YouPorn

Germany’s Berlin Administrative Court has upheld a “network ban” on adult sites Pornhub and YouPorn for failing to comply with that country’s age verification regulations.

OurDream.ai Debuts New Porn Generator

OurDream.ai, an AI porn-generating platform, has launched an upgraded version of its AI engine.

Show More