Several companies owned by a former porn mogul were placed in receivership on Wednesday at the insistence of a creditor who is owed more than $3 million.
Gregory Lasrado, the former owner of FilthyCash, lost control of four of his real estate investment companies to KordaMentha, a firm that liquidates property.
Lasrado became the center of an Internet sensation in 1999, when the Federal Trade Commission filed suits against him and several others for page-jacking and mouse-trapping boatloads of traffic illicitly and redirecting it to adult websites. The case, FTC vs. Carlos Pereira d/b/a atariz.com, PremiaNet Corp, Atari Corp, and piratelynx.com; W.T.F.R.C. Pty Ltd. d/b/a Kewl Photographies, Kool Images, et al.; Guiseppe Nirta; and Gregory Lasrado, was settled in 2001, when Lasrado agreed to the FTC’s terms. He left the adult industry shortly thereafter.
Lasrado is no stranger to financial trouble. Last August, Commonwealth Bank was appointed receiver of Lasrado’s GDL Investments. The property was refinanced and removed from receivership after a month.
That action came after the Australian Taxation Office accused Lasrado of owing $800,000 in unpaid taxes.
In addition, the Brisbane City Council has twice sued Lasrado for nonpayment.
