Michael Lacey, a founder of the defunct classified site Backpage.com, received a five-year prison sentence on Wednesday and was fined $3 million. Lacey was found guilty of money laundering last year in a sweeping case that alleged Backpage executives promoted and profited from prostitution.
Lacey was convicted on a single count of international concealment money laundering in November 2023 but was acquitted of 50 other charges related to prostitution facilitation and money laundering due to insufficient evidence. He still faces about 30 related charges, according to the Associated Press. Two other Backpage executives — former chief financial officer John Brunst and executive vice president Scott Spear — received 10-year prison sentences…
Continue reading…
