Jeffrey Hurant, the founder and CEO of Rentboy.com, which was shut down in August 2015 after being raided by federal agents, has pleaded guilty to prostitution charges, the NY Daily News reports:
Jeffrey Hurant faces up to five years in prison and a $10 million fine for conspiring to launder the proceeds of illicit advertising on the website through his corporation Easy Rent Systems Inc. from 1996 to 2015.
“The corporation operated primarily for a criminal purpose,” Assistant U.S. Attorney Tyler Smith said.
Hurant, 51, admitted in Brooklyn Federal Court that he knew the ads on the website were for male prostitution.
According to the paper, “Hurant agreed not to appeal the sentence if Federal Judge Margo Brodie gives him two years or less in prison and a fine of $10 million or less.”
Federal authorities dropped charges against six other employees in February.