This story is an opinion piece with an anonymous source from Adultfyi.com, so consider it rumor until proven otherwise.
IPorn has closed its offices in Beverly Hills. And it has also dropped out of the AEE show in January because its main investor has allegedly cut off its financial pipeline.
Francis Koenig owner of AdultVest, which owns a piece of IPorn [on paper Mike Weiss is the CEO of IPorn], allegedly went through something like $3.5 million of investors’ money in a two year period, according to the Grand Vizier who leaked parts of this story earlier.
The Vizier says the IPorn offices were for show anyway to impress investors but nothing really was ever done to develop IPorn.
“Everyone involved in IPorn is very upset and all investors will lose their money,” states The Vizier who says that Koenig, who comes from the investment world in New York, formed IPorn as a self-fulfilling sexual fantasy and that Koenig fancied himself as another Rocco and would often make that comparison.
In fact, Koenig insisted that he was better that Rocco. Not to mention the best videographer and still photographer in the game, according to him, at least.
“His claim to fame was that he had the most beautiful cock you had ever seen,” laughs The Vizier.
Of the 100 or so scenes IPorn shot, Koenig appears in maybe 18 POV scenes. Koenig also created a “fake” site called Cream Pie Surprise and used that as a means to justify cumming in each girl.
“Before a girl can shoot for him, he has to cum inside them,” says The Vizier.
“On one occasion Otto Bauer and Johnny Thrust were supposed to D.P. a girl while Koenig was going to take the other girl into a room for a private. But then he had it in his head he needed both girls, so the shoot was held up till 3 in the morning before he was finished with them.”
“Koenig said he wanted to learn this business inside and out, guess how he did it.”
“And he promised every director in the business work,” adds The Vizier. “IPorn was ridiculous and kind of funny, in a way.”
Koenig would also insist that shoots be held on weekends so that he could personally be there to shoot his own POV content.
“Those who worked on the sets describe how Koenig, a veritable dick machine, would be hyped up on Viagra, insisting that he fuck all the girls that were hired.
“If they didn’t fuck him, they were fired. He’s had all these two week romances with a zillion porn chicks.”
From what the Vizier also knows, Jim Powers and Porno Dan are now trying to salvage the company or what’s left of it through another company called Immoral. They will have a both at AEE.
“It’s a fiasco,” says The Vizier. “Even AVN got dragged into this and was made promises.”
[Koenig was the man behind the proposed deal to buy AVN, a deal Koenig set up in order to get a piece of AVN. But the proposed deal brokered through Mercer Capital is pretty much imperiled as of these latest developments.]
The idea behind AdultVest was the fact that Koenig intended to own parts or all of the porn companies in the industry. IPorn was one of those companies.
“He wanted to have control of agencies, brothels, everything,” says The Vizier. “It was ridiculous. And when the IPorn-thing came along he used that as his personal stomping grounds.”
Koenig, I’m told, would allegedly spend hundreds of thousands of investor dollars to finance shoots which turned into drinking parties, orgies and an ultra lavish lifestyle. Koenig allegedly paid himself a $50,000 a month salary with investor money.
“He was good at getting money out of people,” continues The Vizier who heard that Koenig’s car payment alone was $3500 a month. In one instance, Koening allegedly totaled one very rare BMW and the next day bought another one like it.
“There was a shoot in Florida during Internext in which room bills were something like $8,000 for four days because of all the alcohol which was being consumed. Every shoot was budgeted for at least $1,000 in alcohol and Koenig was known for putting on the big show to impress people. The Florida trip wound up costing at least $60,000, and IPorn didn’t even have a booth at Internext.
During Internext Koenig took his party to a fancy steak house.
“He had a couple of girls dress like the twins from The Shining,” The Vizier relates. “He liked to dress girls in $20 hooker Halloween costumes. And he would make them go to dinner dressed like this. Then he’d make them crawl on the table toward him like cats. At the steak house he made Porno Dan whip out his cock and had one of the girls suck it for entertainment.”
All expenses paid venues included other lush locales and there were trips to Las Vegas and Santa Barbara. And a recent trip to Berlin was apparently another story fraught with drama, peril and naked girls walking on the streets.
“It was lunacy. All the girls were crying,’ says The Vizier.
“And Koenig was bright red on Viagra grabbing all these Czech and Hungarian girls. By the end of the trip they were hiding from him.”
“Koenig put his crew up in a castle in East Germany near the Polish border and basically paid Johnny Thrust $500 a day to be a taxi driver.”
“It got so bad in Berlin, that Porno Dan supposedly had to talk people out of trying to kill Francis,” says the Vizier. “Berlin was one big drunken haze and no one slept.”
“Then there was another shoot where everyone was drunk on Absinthe and knocking hotel room doors in. People would pass out from no food because of the insistence on alcohol."
On a shoot in Los Angeles, Gina Lynn was paid $9,000 but, according to some witnesses, couldn’t even stand after awhile due to whatever reasons you might want to imagine.
“Koenig was the kind of guy who couldn’t walk in a bar without spending $2,000 minimum. He had to have champagne rooms and private rooms to eat in. Koenig would specifically hire people who could keep up with his partying and still be able to function and work.”
“None of the money ever went into building websites or tube sites which were promised,” The Vizier continues. “How could this company go through all this money with nothing to show for it?”
“There should be a book written about this,” The Vizier laughs.
“Here was a guy who was hooked on the idea of being a porn star and living the life. He was a flashy guy.”