Wells Fargo Wants Porn's Money

LOS ANGELES — Money may be considered the root of all evil, but not where Wells Fargo bank is concerned. Jumping on the opportunity to do business with adult after Chase Bank's move to shut down porn industry workers’ accounts, Wells Fargo is offering a friendly port in the financial storm.

TMZ reported that the banking giant is welcoming all porn stars that claim Chase has shut them out.

A company representative told TMZ, "Of course we encourage these industry workers to come to us with their business and we will gladly help them."

Even though there may be a new home for porn money, the stars haven’t taken the Chase slam lying down.

The Daily News reported today that performers Veronica Avluv and Teagan Presley — who have already moved their accounts to Wells Fargo — have taken to social media and are bashing Chase via their substantial Twitter accounts after falling victim to the lock out.

"I'm just upset and still in shock it's even happening. I'm not doing anything illegal," Presley told The News.

Presley’s husband, Joshua Lehman, who also had his personal and business accounts closed, including Skinworxxx, said, "I've heard three different reasons. When I went into our branch, they said it was the nature of our business. When I called, they said they were closing my personal account because my wife is an 'infamous' adult star.

“When I talked to my branch again, they said it wasn't because we were in the adult industry but because we did business with a convicted felon,” Lehman said.

Despite frustration over trying to fight the giant financial institution, Lehman said he and other adult industry folks have contacted industry lawyer Michael Fattorosi to explore possible legal action.

Related:  

Copyright © 2024 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

Clip Page Launches 'Creator Analytics' Feature

Custom content marketplace Clip Page has launched the Creator Analytics feature on its platform.

Violet Myers, Jasmine Sherni Star in Latest From Brazzers

Violet Myers and Jasmine Sherni star with Dyawne Foxxx in the latest release from Brazzers, titled "Trapped and Tapped."

BBWXXXAdventures Relaunches Through Grooby's Blue.xxx

Paysite BBWXXXAdventures has relaunched under Grooby's new website management company Blue.xxx.

UK Performer Rebecca Jane Smyth Passes Away at 51

Veteran British performer Rebecca Jane Smyth has passed away, according to her longtime friend, Tanya Virago. She was 51.

Brazzers Debuts Limited Series 'Gamer Stepmom'

Brazzers has released the first installment of its new limited series, “Gamer Stepmom.”

Vixen Drops Final Installment of Crossover Feature 'Long Con'

Vixen Media Group has released the fourth and final installment of "Long Con," the crossover feature from its studio imprints Vixen, Blacked, and Tushy.

Alyssa Bounty, Angelika Grays & Annalisa Atomic Blonde Star in Latest From MixedX

Alyssa Bounty, Angelika Grays, and Annalisa Atomic Blonde star in the latest release from MixedX, titled “Crimson Hollies.”

Jayne Calloway, Zariah Aura Star in Latest From TransAngels

Jayne Calloway and Zariah Aura star in the first installment of “Clueless and Horny as Fuck,” the upcoming two-part series from TransAngels.

Flirt4Free Announces 'Tease the Season' Holiday Contest

Flirt4Free has announced its Tease the Season promo and model contest, which will run Dec. 21-25.The competition is led by the return of the Snowflake Contest, where models can be gifted digital snowflakes by their fans. The models who collect the most snowflakes by 11:59 a.m. on Christmas Day will win cash prizes.

Melody Marks Stars in Latest From New Sensations

Melody Marks stars with Milan Ponjevic in the latest release from New Sensations.

Show More