Porn Valley- To hear it told, JKP had class, with strong sales and beautiful girls. Not that it could have been a contender. It was a contender. Instead, management bought it a one way ticket to Palookaville. The game plan now is to bankrupt the company. And how it got to all of this is a question that only can be answered by Bob Friedland.

Besides playing a game of badmitton with a revolving door of bosses and employees, Friedland also seems to have engineered an elaborate borrow from Peter to pay Paul Ponzi method of operation which subsequently took the company down.

If Friedland wasn’t operating a Ponzi scheme he was parking in the garage next to it. And the best impression that Friedland leaves upon people is that he was both a businessman and a con. Friedland was great at making deals and getting people to believe in him. He was an incredibly good, bold salesman but with a streak of larceny. Friedland had a knack for getting people to invest hundreds of thousands of dollars, and from what I’m told, if you got burnt by Friedland, you got burnt by one of the best. And there were a lot of them who are going to get hurt bad by the upcoming bankruptcy.

From what I hear, the least of the creditors might get it in the shorts for $60,000. But there are many more owed upwards of $250,000. Duplicators, printer, replicators. There were many unsecured loans as well. People took loans with JKP as their backer. They would say I want a $100,000 loan, can Jill Kelly co-sign on it. Friedland would work out terms of the deal and would do this in amounts ranging from $300,000 to a million in which he’d borrow from one entity to pay another.