Winklevoss twins: Porn mag owner used $1.3M investment to fund ‘extravagant lifestyle’News 

Winklevoss twins: Porn mag owner used $1.3M investment to fund ‘extravagant lifestyle’


Winklevoss twins: Porn mag owner used $1.3M investment to fund ‘extravagant lifestyle’

The Winklevii are returning to their natural habitat: the court.

Web Page Six has learned that the twins are suing a buzzy Hollywood porn mag, claiming that the landlord used a part of the $1.3 million they invested in it to make stronger his “extravagant lifestyle.”

In happier occasions, Tyler and Cameron Winklevoss partied at Treats! mag’s famed Halloween birthday celebration with celebrities and topless fashions.

But now the bitcoin billionaires say that proprietor, publisher and editor-in-chief Steve Shaw mismanaged the company and used it as an individual ATM — then tried to “robust-arm” them into selling their stocks to Shaw for “pennies on the dollar” once they complained.


The magazine publishes absolutely nude pictures, and has featured horny shoots with Emily Ratajkowski, Dylan Penn, Joanna Krupa and Lydia Hearst, while its fans come with Leo DiCaprio, Paris Hilton, Halle Berry, Olivier Martinez, Gerard Butler and Matt Bellamy.

Treats! is supposed to be a quarterly, but the twins say Shaw bungled the operation and got only a couple of problems out a yr.

in the suit, the brothers claim that they began sinking money into the magazine in 2012, however that, 5 years once they invested, they found that Shaw had “mismanaged their funding and squandered the price range that have been entrusted to the company, beneath Shaw’s path.”

They declare that when they faced him, Shaw “made frivolous criminal threats” towards them and “falsely claimed they had made guarantees to undertake particular acts to marketplace and promote Treats!”

In Addition They allege that Shaw “used company tools for personal charges and to support Shaw’s extravagant way of life.”

A rep for the magazine said, “now we have no comment, as we’re reviewing the case and can reply for this reason.”

Reps for the Winklevoss twins didn’t come back to us.


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