FriendFinder's Latest Scandal

VALLEYWAG -- Feb 26 -- A porn star draping boobs over an employee's head. Lapdances on the company dime. $50m in back taxes. These are just some of the charges Penthouse publisher FriendFinder Networks is facing from an ex-employee Natalie Cedeno. FriendFinder filed to go public last year. It desperately needs the $460m it hopes to raise in an IPO in order to pay down $420m in debt. If the company has legal problems and labor issues beyond what it disclosed in its SEC filings, its executives could face heavy penalties, and the IPO would likely be scotched. According to Cedeno, Various operated Adult FriendFinder for seven years without drawing a single sexual-harassment lawsuit from employees. FULL ARTICLE @ VALEYWAG

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