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Wall Street Meets the Porn Industry

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  • Description

    FBN’s Charlie Gasparino on the pirating of porn, and how Wall Street is involved.

  • Duration 3:57
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This transcript is automatically generated

-- it's business.

It's controversial even by -- standards they might -- diamonds.

Man -- holdings.

Making a name for itself and -- circles and attracting interest from some key Wall Street players with ties to the white shoe firm Goldman Sachs currently gas -- picketed with his while it until I got -- all right Mary -- you know all.

Today and I can actually so I actually search warrant this morning and did get trucks for -- So I don't have -- -- year history bar -- both political -- that -- Those series this is actually serious story I mean dead baby diamonds -- went into -- a huge warned.

I guess conglomerate he's like the new Larry Flint and -- this -- and -- launched in Britain on in the New York magazine what's interest even controversial about him is that not only does he offered the sort of pay for porn stuff.

But he also does this stuff that's on is pirating psyche the only -- -- -- hubs kind of like you to warn.

And any take stuff some would say steals stuff that's copyrighted from -- like hustler and other places.

An eagle -- for free the only you know he he sells advertising with -- that's extremely controversial in the porn industry.

He's company man -- apparently makes a lot of money and here's what we know now this is kind of like like I said.

-- no problem -- I think it could be part of a healthy.

Coming -- at a distance of -- by a bit like a glove that the business that goes fascinating and what's fascinating is that Wall Street is involved with has -- company.

Here's what we know we have lots of calls out today and these aren't like minor players comp a company called -- back capital okay.

Four was founded by two forward Goldman Sachs executives would you probably know who they are.

They came in and they -- would -- 167 million dollar financing within the last year for mandolin.

Then the -- got syndicated out where companies like fortress investments.

What a piece of the so clearly Wall Street is involved in this is there's a stock chart fortress is a publicly traded I guess investment hedge fund.

Vehicle.

And that's what we have right -- Wall Street involved in this man when enterprises which like I said.

He's really interesting from the standpoint.

Of -- not just because they do porn but it's the pirated aspect of -- You know if you basically steal -- -- YouTube has probably know how secure the best -- -- -- it it it pirated Microsoft data don't crack down like on YouTube there's actually FTC actions if you take.

Fox Business or Fox News stuff that's exposed to the Fox News.

And put it on there's a good chance that you get a get a call from one of our lawyers take it down you know its exclusive set nightlife clips hard to find on YouTube sometimes because it's copyrighted.

It's a little different in the porn -- mainly because the Justice Department or the the authorities are generally look at.

-- of pirated stuff do not crackdown on this there is no.

-- -- there is no enforcement of the of the copyright laws essentially when it comes to porn because it is point.

So that's what we have right now if there ever is.

A 88 you know crack down -- companies like -- when would we would have a problem.

And companies that finance man when you know -- back.

And and fortress to CEMEX and I can tell you talk to some people at fortress they -- the basis of the -- piece of the -- syndicated loan they sold it.

So it's -- it's -- -- bouncing around on Wall Street the syndicate 167.

Huge amount of money but its interest in big when it comes to cold -- bottom line and -- -- that Wall Street stepped up.

Up to the plate.

For something is controversy as man and and I'm not seeing their controversial because they're there are -- point about his judgment on that is the stealing of it right it's kind of interest in here.

And -- back we should point out -- numerous calls out 22 Jason Beckman whose the one -- one of them when the founding partners of -- back came from Goldman Sachs is involved in distressed investing.

He still has not no comment I'm still -- here from so if they syndicated that out completely if they were only tangentially involved.

We have this sources close to the 22 this financing.

You know -- -- coming back at 330 assuming everyone but I don't think under the bookmark Charlie what's -- -- -- up.

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