Backpage CEO Faces 5 Years After Guilty Plea
Backpage CEO Carl Ferrer is facing a maximum of five years in prison after pleading guilty to conspiracy to facilitate prostitution and money laundering, DOJ announced Thursday (see 1804090025). Ferrer, 57, admitted the “great majority of Backpage’s escort and adult…
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advertisements” are prostitution ads, according to DOJ. He agreed to shutter the website and forfeit all corporate assets and Backpage-related property.