Feds shut Backpage, indict founders on money laundering, prostitution charges

Federal officials said Monday they were shutting down Backpage, a controversial classified-ad website that has long been accused by political leaders and law enforcement officials of providing a platform for prostitution and sex trafficking.

As part of the federal operation, a grand jury in Arizona indicted seven people associated with Backpage on charges of facilitating prostitution and money laundering. They included Michael Lacey, 69, and James Larkin, 68, the co-founders of Backpage.

View more information: https://www.marketwatch.com/story/feds-shut-backpage-indict-founders-on-money-laundering-prostitution-charges-2018-04-09

Articles in category: moneyist
See also  Cabot Oil & Gas (COG) Trading Report

Leave a Reply

Back to top button