Hedge Funds’ Pornhub Loans Aided Sex Abuse, Suit Says (Correct)

Two hedge funds were accused of participating in a sex-trafficking conspiracy by providing financing for Pornhub and similar websites.

Redwood Capital Management and Colbeck Capital Management were added Thursday as defendants to a three-year-old suit against MindGeek, the company that operates sites including Pornhub, Peeperz, YouPorn and Brazzers. Plaintiff Serena Fleites alleges that, at age 13, her boyfriend induced her to appear in videos that later appeared on Pornhub without her consent.

According to the suit in Los Angeles federal court, Redwood and Colbeck provided hundreds of millions of dollars in financing to the individuals who acquired and built ...