The chief executive of Backpage.com pleaded guilty to California money-laundering charges April 12.
Carl Ferrer, who launched the website with James Larkin and Michael Lacey, pledged to cooperate with authorities in prosecuting his partners.
The trio has been accused of running an “online brothel.” Larkin and Lacey are the former owners of the Village Voice in New York City.
Ferrer will serve no more than five years in state prison under a California plea agreement, according to The Los Angeles…
Houston Biz Journal
Backpage.com CEO pleads guilty in California, Texas