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Forum Post: Goldman Sachs Busted On Having Shares In Sex Trafficking, NY Times

Posted 2 years ago on April 4, 2012, 11:50 p.m. EST by Reneye (118)
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Goldman Sachs Busted On Having Shares In Sex Traffic. If a story like this is coming out in the NY times, they are falling apart! I've written about how the elite are the biggest offenders of the child sex trafficking billion(s) of dollars per year "business" before. Its good to see some evidence shown in the MSM....finally. Hopefully we'll see more exposure, and these creepy crawlies will be put behind bars.

http://www.nytimes.com/2012/04/01/opinion/sunday/kristof-financers-and-sex-trafficking.html?_r=2

THE biggest forum for sex trafficking of under-age girls in the United States appears to be a Web site called Backpage.com.

This emporium for girls and women — some under age or forced into prostitution — is in turn owned by an opaque private company called Village Voice Media. Until now it has been unclear who the ultimate owners are.

That mystery is solved. The owners turn out to include private equity financiers, including Goldman Sachs with a 16 percent stake.

Goldman Sachs was mortified when I began inquiring last week about its stake in America’s leading Web site for prostitution ads. It began working frantically to unload its shares, and on Friday afternoon it called to say that it had just signed an agreement to sell its stake to management.

“We had no influence over operations,” Andrea Raphael, a Goldman Sachs spokeswoman, told me.

more in link

30 Comments

30 Comments