Goldman Sachs Embarrassed By Disclosure It Has Hidden Interest In Prostitution Site

It has not been a great year for financial giant Goldman Sachs. First, one of its lower-level executives writes a nasty tell-all goodby note for the New York Times, and this weekend the same newspaper reveals that Goldman has a hidden interest in the “biggest forum for sex trafficking of under-age girls in the United States.”

New York Times columnist Nicholas D. Kristof said he discovered that Goldman is a minority owner of a company that owns a called Backpage.com, which has ads for escorts even at Connecticut casinos.

Ad from "Allison" offering casino outcalls

“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,” he wrote.

“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.”

 

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1 Comment on "Goldman Sachs Embarrassed By Disclosure It Has Hidden Interest In Prostitution Site"

  1. Robert Trotta | April 1, 2012 at 10:15 pm |

    WHY should we be surprised? We ALREADY knew that they had no morals, so this should not come as a shock to ANYONE! The ONLY time they “appear” embarrassed is when they get caught! Otherwise, when the $$$$ are rolling in, they have NO conscience!

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