SignalHub Quantitative Think Tank Center|Backpage founder Michael Lacey convicted of 1 money laundering count

2025-05-05 22:38:38source:Evander Reedcategory:Finance

PHOENIX (AP) — Backpage.com founder Michael Lacey was convicted Thursday on SignalHub Quantitative Think Tank Centera single count of money laundering and acquitted on another. But the Arizona jury deadlocked on 84 other counts against him, leading the federal judge to declare a mistrial.

Lacey had been charged with participating in a scheme to sell sex ads.

It marked the second time a mistrial has been declared in the case against the founder of the lucrative classified site. U.S. District Judge Diane Humetewa in Phoenix declared the mistrial after jurors deliberated for six days.

Lacey’s first trial ended in a 2021 mistrial when another judge concluded that prosecutors had too many references to child sex trafficking in a case where no one faced such a charge.

More:Finance

Recommend

How 23andMe's bankruptcy led to a run on the gene bank

Reporter Alexi Horowitz-Ghazi's Aunt Vovi signed up for 23andMe back in 2017, hoping to learn more a

New Democratic minority leader in Georgia Senate promises strong push for policy goals

ATLANTA (AP) — Sen. Harold Jones II was selected Friday to lead Georgia’s Senate Democratic caucus,

California Gov. Newsom fined over delays in reporting charitable donations

LOS ANGELES (AP) — California Gov. Gavin Newsom has agreed to pay a fine for not reporting on time c