Porn News

Guccione Strapped with More Financial Woes

New York- As it stands Bob Guccione now has more liens than the Tower of Pisa. Unless ABC-TV foots the bill for an extreme makeover, Bob “The Gooch” Guccione ain’t buyin’ a break. According to the N.Y. Daily News, a federal judge has now slapped a lien on Guccione’s palatial country manor in upstate New York, adding to the porn king’s financial woes.

Manhattan Federal Court Judge Loretta Preska issued an order of attachment at the request of one of the Penthouse founder’s creditors, an Arizona mortgage company.

Guccione, 72, had been perilously close to being evicted from his East Side mansion. An eviction order took effect at 12:01 a.m. yesterday, but creditors gave him a week to come up with the $17 million he owes. To prop up his sinking empire, Guccione has had to sell most of his collection of Impressionist and modern paintings and drawings.

He borrowed $5.5 million from the Arizona company in 2002, only to default a year later. Penthouse filed for bankruptcy last year. To secure the loan, Guccione used the Staatsburg mansion he purchased in 1985 for $2.5 million. The property has been in foreclosure in Dutchess County Supreme Court since last year.

 

486 Views

Related Posts

Creepy Paul Mulholland, Fake Journalist, Stalker

Paul Mulholland presents himself as a savior of vulnerable women, a self-proclaimed advocate exposing the “dark underbelly” of the adult industry.

Performer/Creator Blake Mitchell Passes Away at 31

Performer and creator Blake Mitchell has passed away at the age of 31, his family has confirmed.

PASS Names 3 New Board Members

Performer Availability Screening Services (PASS) has named RubyLynne, Beth McKenna, and Kira Noir as new members of its board of directors.

NakedSword Drops 4th Installment of ‘Ghosted’

NakedSword has released the fourth installment of “Ghosted.”

Adriana Chechik Returns to Blacked Raw With Blake Blossom

Adriana Chechik and Blake Blossom star with Sheem in the latest release from Vixen Media Group (VMG) studio imprint Blacked Raw.

Rocco Siffredi Makes On-Camera Return, Launches New Creator Platform

After a four-year hiatus, Rocco Siffredi is returning to on-camera performance — and he’s doing it in a way that reflects both his legacy and the creator-driven landscape shaping today’s market. His latest endeavor is built entirely around collaborations, an…

Leave a Reply

Your email address will not be published. Required fields are marked *