Goldman Sachs Frantically Unloads Its Stake In A Company With Ties To Sex Trafficking

Village Voice protest

Photo: Image: Vivian Giang — Business Insider

NYT’s Nicholas Kristof started asking questions about who owned Village Voice Media, a company that has been sued for running sex trafficking ads.When he found out that Goldman Sachs owned a 16 per cent stake, the investment bank panicked:

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.

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