Goldman Sachs Profiting From Under-Age Prostitution

By Nicholas D. Kristof

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The New York Times, March 31, 2012: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.

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See also: Goldman sex! ‘God’s bank’ offloads shares in firm linked to prostitution after deciding it was ‘uncomfortable with direction of the company’

“The bad publicity was driving down our market cap. faster than selling kids for sex was racking up our profits” — Golden Sex spokesperson.

Why I Am Leaving Goldman Sachs

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