Goldman Sachs: Sex trafficker?

Published: 02 April, 2012, 19:48

Edited: 03 April, 2012, 10:50

Global investment, securities and sex. Goldman Sachs has long been a big name on Wall Street, but an investigation tying the banking giants to a website linked with sex trafficking has left the firm scrambling to say goodbye to some stock.

Goldman Sachs signed a deal on Friday to begin unloading its share in Village Voice Media, a privately held media conglomerate that oversees some of the biggest alternative newspaper in America. Also on the firm’s client list though is Backpage.com, a site that has become essentially synonymous with the online sex trade. After The New York Times revealed last month that Goldman Sachs owned a 16-percent stake in Village Voice Media, the bank was begging for a solution to settle what quickly snowballed into a PR-disaster. Sachs now says that they are in a deal to sign of its share back to the management at Village Voice, but only after investing upwards of $30 million.

FULL STORY: http://rt.com/usa/news/goldman-sachs-sex-backpage-046/

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Comment by honeygirl on April 4, 2012 at 1:26pm: its the 1% that are the patrons and profiteers of the sex trafficking / industrial sex / adult entertainment and the slavery trade. . The hypocrisy of this all is just too much . Oh an I am not surprised the Romney and family /friends and the finacial business they deal in is about all kinds of maddness and mayhem that can be found tied to them.

Comment by truth on April 3, 2012 at 4:37pm: Mitt Romney's wife had blind trust invested in Goldman Sachs' sex trafficking fund

By Daily Mail Reporter

PUBLISHED: 06:59 EST, 3 April 2012 | UPDATED: 12:20 EST, 3 April 2012

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The wife of Republican presidential hopeful Mitt Romney had a blind trust invested in the Goldman Sachs' sex trafficking fund, it emerged today.

According to an August 2011 financial disclosure report by the Romneys, Ann Romney's blind trust had an investment valued between $15,001 and $50,000 in Goldman's GS Capital Partners III.

Reuters reported that while there is no suggestion the Romneys knew about the investment, the disclosure highlights the difficulty for politicians and their families when they invest in blind trusts that are supposed to protect them from conflicts of interest and ethical questions.

Controverisal: The Goldman Sachs sex trafficking scandal has now been linked to the Ann Romney, the wife of presidential candidate Mitt

Goldman said on Sunday that GS Capital Partners III signed a deal last Friday to sell its 16 percent stake in Village Voice Media, which owns the website Backpage.com, back to management.

Critics argue that Backpage.com facilitates the trafficking of underage prostitutes and sex slaves, although others question that.

Andrea Saul, a spokesman for Romney, stressed that the funds were managed on a blind basis, 'so the trustee, not the Romneys, make their investment decisions.

'Furthermore, the trustee invests in funds, but, as a passive investor, has no control over the funds' investments.'

Goldman's divestiture is the latest development in a growing controversy over online adult advertising that has pitted celebrities, law enforcement officials, members of Congress and New York Times columnist Nicholas Kristof against Village Voice Media.

The private media company has the largest share of revenue in the United States from online advertising of adult services.    http://www.dailymail.co.uk/news/article-2124457/Ann-Romney-blind-tu...