Penthouse posted a $10 million loss in 2001, General Media filed for bankruptcy in 2003, and he resigned as chairman and chief executive of Penthouse International.

2001年，《阁楼》公布损失1000万美元，通用媒体也于2003年申请破产，而他则辞去了阁楼国际的董事长与首席执行官之职。