You’d think a company pursuing an IPO in this economy would clean up its act

You’d think that a company trying to raise several hundred million with an initial public offering of stock would tell their affiliates to be on their best behavior for a while.For example, maybe they’d discourage them from hacking government web sites to attract search engine hits on the word “bestiality,” then redirect browsers to the company’s site.The sites:The code:Remember Adult Friend Finder? Penthouse Media Group (which also owns Penthouse magazine) purchased the online adult… ah… dating service in 2007 for $500 million. Well now they’re called FriendFinder Networks, Inc. In December, 2008 they filed with the U.S. Security and Exchange Commission for permission to make an initial public offering $460 million of stock.That timing wasn’t too good given the near collapse of the global economy back then, so last month they amended their IPO filing in hopes of raising $220 million. Lead underwriters are Renaissance Capital and Ledgemont Capital Markets LLC. Co-managers are Merriman Curhan Ford and Lighthouse Financial.See story “FriendFinder Still Sees IPO, But Less Capital Raised (FFN)”In 2007 AdultFriendFinder.com settle an enforcement action by the Federal (continue reading...)