$GSTC well the good news here is that Auctus is not the Funder and never has been!! But of all the sleazy toxic funders Auctus was the worst of all!
Auctus Fund LLC >This Lou Posner from the SEC Complaint Managing Director at Auctus Fund Management, LLC Shady lawyer Lou Posner disbarred after pleading guilty to running hooker ring out of strip joint First he lost his midtown jiggle joint. Now he's lost his bid to remain listed as a lawyer. Posner, who was listed on a club website as "Lap Dance Lou," Dec 16, 2010
Shady lawyer Lou Posner, who pleaded guilty in March to selling sex out of his members-only lap dance club in Manhattan, Thursday was stricken from the state's roll of lawyers by a state appeals court. It goes on & on & on in Google Search Lou "Big Daddy" Posner Read about the Bankruptcy Pimp on the pages of BankruptcyMisconduct
Louis Posner , a New York based bankruptcy lawyer was just arrested for running a strip club which was a front for a high priced prostitution ring along with a money laundering operation through a dummy charitable organization as reported here in the New York Times. The Times describes the "top charge" as money laundering for which Big Lou could receive 15 years in jail. Practicing law under the name LOUIS J. POSNER, P.C. at 305 Madison Avenue & the Lincoln Building at 60 East 42nd Street "Big Lou" lists substantial experience as a debtor and creditor lawyer in bankruptcy courts including bankruptcy appellate practice.
According to The Daily News, many of the hookers were Russian women forced to work as prostitutes to pay off debts to their "handlers", a process otherwise known among women's rights advocates as sex industry slavery.
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