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This is the true story of Greg Lasrado, who went from rubbing shoulders with the likes of President Bill Clinton, and this kind of thing:
Over the next few years, Lasrado ploughed his cash into stocks and property. His homes included a $7million Palazzo Versace penthouse on the Gold Coast and a landmark $6million pink house at St Lucia, Brisbane.
At its peak his property portfolio was worth $30million. While he also bought race horses “for the fun of it”, his real passion was fast cars. “At various stages along the way, I owned four Lamborghinis and seven BMWs,” he says. “Looking back now that was was a bit over the top, by anyone’s standards.”
If Lasrado was anything, he was generous. He donated thousands of dollars to charity. A Brisbane waiter told media that Lasrado not only tipped him a few hundred dollars but a brand new watch worth $15,000.
“I never worried about the money side of things,” Lasrado says. “There was always this worldwide client base being billed and charged every month. The money just kept rolling in. Not once did I stop to think what might happen in the future.”
To gambling, heroin addiction, extortion charges and bankruptcy, all in the space of about six or seven years. Today, he owes the Australian government some $5m (AUS) dollars in taxes, and will stand trial in the Brisbane District Court on September 1, charged with dangerous operation of a motor vehicle causing grievous bodily harm with circumstances of being adversely affected by an intoxicating substance. The charge carries a maximum sentence of 10 years.
(See also “Porn King Admits Torturing Thieves“.)
The point isn’t that porn is bad or porn is evil. His porn empire is pretty much unrelated to this story. Indeed, porn was, and remains, one of the few guaranteed ways to make money online. Does that mean I’m going to do it? Hell, yeah! Well, no, but its easy to look at something like this and assume an X=Y kind of reasoning about how he ended up where he did. Or that he got what he deserved. It had nothing to do with the porn; it’s just your common or garden addictive personality surfacing big-time once the money, and means, are suddenly there. And then crashing and burning.
It’s a very good read. Check it out.
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