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A co-founder of the classified advertising site Backpage.com who has been jailed for the last 10 days on charges of facilitating prostitution was released on a $1 million bond Monday as he awaits trial.
At a brief hearing at a federal courthouse in Phoenix, James Larkin was ordered by Magistrate Judge John Boyle to put up two properties as surety on the bond.
Larkin - Monitoring - Device
Larkin also was ordered to wear an electronic monitoring device.
Larkin, co-founder Michael Lacey and five Backpage.com employees were arrested earlier this month on federal charges.
Larkin - Custody - Lacey - Friday - Bond
Larkin was the last of the seven to be released from custody. Lacey was released on Friday after posting a $1 million bond.
An indictment alleges Backpage.com ignored warnings to stop running advertisements promoting prostitution, sometimes involving children, because the site has brought in $500 million on prostitution-related revenues since its inception in 2004.
Authorities - Backpage - Com - Ads
Authorities say Backpage.com portrays itself as trying to prevent such ads,...
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