Backpage.com prostitution scheme
Michael Lacey, former owner of Backpage.com, has been sentenced to five years in prison and fined $3 million for money laundering in a case involving promoting and profiting from prostitution. Two other Backpage executives were also sentenced to 10 years in prison. Backpage generated $500 million in prostitution-related revenue before being shut down in 2018.
Key Points
- Michael Lacey sentenced to 5 years in prison and fined $3 million for money laundering in Backpage.com case
- Backpage executives convicted and sentenced to prison for involvement in promoting and profiting from prostitution
- Backpage generated $500 million in prostitution-related revenue before being shut down in 2018
Pros
- Justice served for involvement in illegal activities
Cons
- Exploitation of vulnerable individuals
- Allegations of promoting prostitution