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Billionaire investor Bill Ackman slams Visa for failing to ban payments on Pornhub

Billionaire hedge funder Bill Akkerman has criticized Visa for not banning payments on Pornhub, amid a lawsuit accusing the pornographic website of hosting explicit videos of children.

“Visa’s conduct here is inexcusable, likely to cause the company incalculable financial and reputational damage,” Ackman said in a tweet following a key court ruling in the case.

On Friday, US District Judge Cormac Carney entered California found that Visa may have facilitated the distribution of child pornography by providing payment services to Pornhub and other sites operated by parent company MindGeek.

The judge denied Visa’s request to be dismissed from the case, finding that the applicant had credibly alleged that ‘Visa knew that MindGeek’s websites were full of monetized child porn.’

Billionaire hedge funder Bill Ackman has criticized Visa for failing to pay Pornhub, amid a lawsuit accusing the porn website of hosting child porn

“Visa lent MindGeek a much-needed tool — its payment network — with the alleged knowledge that there was a wealth of monetized child pornography on MindGeek’s websites,” Carney wrote in his decision.

The complaint was filed by 34 women who said Pornhub had hosted videos of them being sexually assaulted or abused as children without their consent.

The lead prosecutor said that in 2014, when she was 13, her boyfriend uploaded a sexually explicit video of her to Pornhub without her knowledge or consent.

The video was titled ’13-Year Old Brunette Shows Off For the Camera’ and received 400,000 views before the girl learned about it, according to court records.

The suit alleges that Pornhub took weeks to remove the video, and that in the meantime it was downloaded, copied and widely displayed.

After the video’s publication, the girl suffered harassment and bullying, dropped out of school, attempted suicide, and became addicted to heroin, the suit says.

The lead attorney for the plaintiff, Michael Bowe, told DailyMail.com: ‘The court believes that our detailed complaint adequately alleges that Visa was engaged in a criminal conspiracy to monetize child pornography means that Visa and other credit card companies will finally face the civil and possibly criminal consequences will go down. of this unconscionable and illegal activity.’

The complaint was filed by 34 women who said Pornhub hosted videos of them being sexually assaulted or abused as children without their consent

The complaint was filed by 34 women who said Pornhub hosted videos of them being sexually assaulted or abused as children without their consent

The complaint was filed by 34 women who said Pornhub hosted videos of them being sexually assaulted or abused as children without their consent

'Visa will not tolerate the use of our network for illegal activity. We continue to believe that Visa is a wrongful suspect in this case,' said a company spokesperson

'Visa will not tolerate the use of our network for illegal activity. We continue to believe that Visa is a wrongful suspect in this case,' said a company spokesperson

‘Visa will not tolerate the use of our network for illegal activity. We continue to believe that Visa is a wrongful suspect in this case,’ said a company spokesperson

A Visa spokesperson responded in a statement to DailyMail.com: ‘Visa condemns sex trafficking, sexual exploitation, and child sexual abuse material as contrary to our values ​​and purpose as a company.’

“This preliminary ruling is disappointing and mischaracterizes Visa’s role and its policies and practices,” the company added.

‘Visa will not tolerate the use of our network for illegal activity. We continue to believe that Visa is the wrong suspect in this case.’

MindGeek did not respond to a request for comment, instead calling the allegations in the lawsuit ‘completely absurd, completely reckless and categorically false.’

According to the suit, Montreal-based MindGeek owns more than 100 pornographic sites, including Pornhub, RedTube, Tube8 and YouPorn, and sees about 3.5 billion visits each month.

The porn giant has faced a growing backlash since the New York Times published an article in December 2020 accusing Pornhub of posting illegal content online, including child pornography and rape videos – claims it has denied.

“Why does Canada host a company that puts rape videos on the world?” wrote Times columnist Nicholas Kristof.

According to the suit, Montreal-based MindGeek owns more than 100 porn sites, including Pornhub, RedTube, Tube8 and YouPorn

According to the suit, Montreal-based MindGeek owns more than 100 porn sites, including Pornhub, RedTube, Tube8 and YouPorn

According to the suit, Montreal-based MindGeek owns more than 100 porn sites, including Pornhub, RedTube, Tube8 and YouPorn

The public protests led Visa and Mastercard to stop payments on Pornhub. The other major payment network, American Express, does not serve pornographic merchants.

But after MindGeek deleted millions of user-uploaded videos, Visa apparently deemed the matter resolved and replaced payment processing.

Carney said in his statement: ‘Visa made the decision to continue MindGeek as a merchant despite its alleged knowledge that MindGeek was monetizing child pornography.’

“The court can comfortably infer that Visa intended to help MindGeek monetize child pornography,” Carney wrote.

Ackman has been outspoken on the matter, telling CNBC on Tuesday: ‘My interest comes from the fact that I have four daughters.’

‘If you think of the worst damage – economic, physical, mental damage you can have on a person – it is that a child is trafficked … video of the rape appears. I find it difficult to talk about it,’ he said.

Billionaire investor Bill Ackman slams Visa for failing to ban payments on Pornhub Source link Billionaire investor Bill Ackman slams Visa for failing to ban payments on Pornhub

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