Backpage.com and its CEO plead guilty to federal conspiracy

After seven people were indicted on a combined 93 counts, Backpage.com and its CEO Carl Ferrer pleaded guilty in Arizona to federal conspiracy charges.

The details: Per the AP, the guilty pleas in Arizona were presented on April 5, but were unsealed Thursday. In Ferrer's plea deal, he acknowledges "that a great majority of the site's ads were for sex services," and that he "conspired with others at Backpage.com to launder the proceeds from such ads."