You're watching...
FBN’s Charlie Gasparino says that Manwin has told the FBI that its business is totally legal, and they do not engage in piracy of pornographic conte...
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
Yeah I was expecting all these jokes that I'm appointed Starr now -- stuff like.
Financially.
OK financially.
Those guys out out -- those while -- -- anyway we're not getting it is.
What's interesting about this -- -- what might be the most controversial.
Company in the pornography industry how -- I get involved in this story.
Well Wall Street trader told me about this.
Tell me about how Wall Street firms are financing and what's operations what do they do what they do pay sites if you ever heard of well market into the exactly sensibly don't -- to be advocating this even though I have no problem with -- the problem with.
With I think mandolin is that they've been they've been cited for -- -- point.
The operate some -- you perform and he's sort of aggregators sites that allegedly pirated.
Would quote unquote legitimate contact.
Content from other from other users.
And get it on their sites illegally leads that's the chart we should point out that man -- has called Fox Business -- we get -- we get our story.
Denying that they do anything illegal they say they -- basically.
You know what they use they they've gone through fair and honest and licensed agreements are my will tell you this there's another way of looking that this I didn't.
Doing a talking to various people in the porn industry over the weekend there's -- got a Mike south who's like a blogger.
Journalist for the for the porn industry where Mike told me that.
Yeah -- not necessarily that they that they just steal it.
They steal some of it and then you complain about it.
And they need it because it's hard to police this sort of stuff you're kind of force the end user to agree to some sort of which people licensing terror so they kind of force the players to do to deal with them had -- essentially.
Led their their videos at a cut rate feet.
Anyway that's who we are right now I will tell you this that the view anyway put into you know this -- comedy is the head of -- win.
Apparently you know he's on the house arrest right now for -- -- Asian.
I mean this is a very controversial company we do of course and -- -- -- for further comment on mr.
Dimon and his legal problems so we hear that and I and I will update that may -- on foxbusiness.com.
Either on their Twitter page or my Twitter page for further comment on this later on -- what's interest -- about this why do we care what Wall Street is involved in this company.
Called the capital -- firm affiliated with Goldman Sachs former Goldman Sachs guys working there they provided man would.
-- -- 168 million dollar loan write what we do know is that loan was syndicated out so all the Wall Street firms -- piece of this.
He's the slightest headline so popular and I mean that's why won't just at this -- it get fortress capital.
The big hedge fund this part of that syndication I understand I guess what so yeah why they do this I -- you know it make a lot of money yes you know but I will tell you this.
You know.
Men -- says it does nothing illegal I could tell you that I was bombarded.
Over the weekend from emails and Twitter messages.
About what people believe is their very you know some would say.
Illegal at least cutthroat business practices.
And if they do stuff legally that's great if they don't these Wall Street firms like -- back.
And fortress they should know that they're financing something that that's not above board.
You know if you don't like point that's when the if you like it is another thing.
This is it took this is quote unquote intellectual property its license material and if you take it and use it and put it up on your site without their permission.
At stealing it be okay you know if you look at.
You know on YouTube -- -- all the time tonight live clips taken down yes because -- -- -- -- this is the -- different hear -- here's the difference between NBC has.
Tons of lawyers guaranteed don't look at all these aggregate sites.
You know some of these independent -- proprietors they don't it's just that how would they -- to search every site.
So that's we are right now it's a pretty controversial story I mean just it -- Because.
Now doubt about that can't support just investment -- make money at the outlook article that -- back.
Implement and cold -- cold capital I don't think it's okay of the did you because it's not enough I don't I've now not at all not I'm gonna stop interrupting.
Charlie Gasparino good story -- highlight.
But I like the Wall Street mice with the pornography supported San Fernando Valley right what you're agreeing it whit -- bit.
You know.
-- earlier not out of the industry it industry itself is an.
An incredible moneymaker and that is why he's got this kind of guy this -- very beginning to think he's like the view Larry Flynt did delete he's like the -- a point right -- and a possible talked about Clinton which gets back actually energy got to get it she's got into these you have to tell -- -- will -- -- I'd -- -- it -- about indirectly -- got 37 minutes ago more than.
