Goldman Sachs Owns Top Sex Trafficking Site

Goldman SucksSo good it must be true! Nicholas Kristof unearths yet more dirt on the banksters at Goldman, in the New York Times:

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.

Let’s back up for a moment. There’s no doubt that many escort ads on Backpage are placed by consenting adults. But it’s equally clear that Backpage plays a major role in the trafficking of minors or women who are coerced. In one recent case in New York City, prosecutors say that a 15-year-old girl was drugged, tied up, raped and sold to johns through Backpage and other sites.

Backpage has 70 percent of the market for prostitution ads, according to AIM Group, a trade organization…

[continues in the New York Times]

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  • Redacted

    So this is where Fred Phelps keeps finding wives!

    • Jin The Ninja

       /daughters…

  • Yvonne Sliwinski

    crazy he must have a get out of jail free card??

  • rtb61

    ‘We had no influence over operations’ is polite speak for, they ran exactly the way we wanted them do and and our clientèle and management were content in their abuse of the slaves all ages that were provided.
    Goldman Sachs knows exactly were it’s money is going, they have thousands of psychopathic snakes in suits who do nothing but plot and scheme all day everyday about screwing the maximum money and benefit out of those investments for themselves.
    Ohh look watch Goldman Sachs investment be bought out by an off balance sheet, tax haven, post office box company.

  • Anon

    will liberal media stop at nothing to kill jobs?

  • gelikeasics

    dont forget, not just slaves and prostitutes and pornography, but guns and drugs as well….

  • Irish Potato Gun

     Well they are either guilty of sex trafficking under-age girls or fraud for investing their clients money in companies they haven’t fully researched.

  • Okarin

    the spokeperson’s words mean nothing till we get some leaked emails

  • DeepCough

    Prostitution is the oldest industry in the world, so of course Goldman Sachs is gonna have stock in it.

    • Andrew

      That’s a myth.  Farming is the oldest industry in the world.

  • http://buzzcoastin.posterous.com BuzzCoastin

    the prostitutes were offend when they heard that Goldman
    the biggest, most unscrupulous whores on Earth
    were their pimp-daddies

    their new motto
    Goldman Sacs, Are Pimp Hand Is Strong

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