Backpage.com CEO Pleads Guilty, Will Cooperate With Federal Investigators

Backpage.com CEO Carl Ferrer has entered a guilty plea to state and federal conspiracy and money laundering charges in connection with his web site’s operation, and will cooperate with federal law enforcement agents in their ongoing investigation into sex trafficking and prostitution. Ferrer plead guilty pleas in both Sacramento County Superior Court and US District Court in Arizona. Federal agents shut down the web site on April 6th and several executives of the firm…
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