Sex Trafficking Industry & Wall Street Lenders Form A New Alliance

Via America’s Lawyer: Attorney, author, and founder of Runaway Girl Carissa Phelps joins Mike Papantonio to explain how outlets like PornHub often turn a blind eye to child porn and rape scenes shot in hotel rooms well outside of Hollywood. What’s worse – Wall Street firms have played a major role in the growth of these practices.

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*This transcript was generated by a third-party transcription software company, so please excuse any typos.

You have Wall Street is now in this business. They've been in this business for a long time, Fortress, Fortress Investment. I mean, if you want to, if you want a real look at this company, just, just Google Fortress Investment. Fortress Investment brags about, they will do things that other people won't do. Like we will, we know what's going on. We know what's going on with the, with the trafficking. Full disclosure, I'm getting ready to sue Fortress as an agent for, for MindGeek and vice versa. So we're bringing Fortress into the lawsuit because they're funding this.

Right.

And they, they should know what they're doing. It's not just them, it's Chase. Who else is?

Yeah. I mean, JP Morgan, Cornell University, these, and a couple of very smart people in terms of investments and how to structure them, tried to hide that information. It was actually a pornographer that exposed it. In 2013 Fox businesses did a story on it. This information has been out there and now investors, and we want to say woke investors, people who are conscious and know what they're doing with their capital, need to take a look at where they're putting their money and where Fortress is putting their money, which is in pornography and which is, is involved in trafficking.

This isn't a pornography story here. I mean, this is not a pornography story. This is a trafficking story. They know exactly what goes on. There's no guesswork. Now this company, when you Google Fortress, you see they've got hundreds and hundreds of employees, they brag about, we've got offices here. We've got offices there. We're big. We're bigger than life. Okay. Well, they're so big that they, they did, I can promise you some due diligence had to be done on this. What did they, they, they loaned MindGeek, was it over $300 million. Wasn't it?

Altogether, they were part of a consortium of investors that came together for about $326 million into this group. And yes, loaned them at high rates of return to measure because of the risk they knew they were taking, they measured that risk and so they charged an interest rate accordingly, and made money off of this investment that was, that was based on trafficking. You're right. It's based on trafficking.

Okay. So as we look at this and we will bring these people in, I mean, you, you see the connection, you, they, they have a, if they say we did due diligence, they have investors with their company. They have shareholders with their company. And you said, well, we did due diligence and really? You couldn't find out what they were talking about in 2013 on Fox news of all places? Where they're investing, they know what, that we know what Fortress and Chase and, and JP Morgan, even Cornell University putting money behind this and saying, oh, well, gee whiz, we just didn't know. How ridiculous is that argument? Explain to me how out there this is, how evident it is.

Well, I mean, when you take investors' money and you say you've done your due diligence, then you need to have done your due diligence. Because when, when that gets hit, because you haven't done your due, you haven't, you haven't explained where your investments really are going, and you're doing harm to people with them and you put those people's money at risk. And these investors, these limited partners, they have in their $50 billion fund, they include hardworking people who have their retirement in that, in those funds that get invested into them. So there are many Americans out there right now, many people around the world who are invested in pornography, and don't even know it.

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