Two Philadelphia-based companies featuring escort services have agreed to plead guilty to money laundering charges with fines and forfeitures totaling $6.4 million, the U.S. Attorney for the Middle District of Pennsylvania announced today.
A spokeswoman for the U.S. Attorney there said no date had been set yet for the plea hearing.
The companies are controlled by Philadelphia businessman Richard Cohen, the so-called "King of Porn." He has not been charged with any wrongdoing.
Authorities alleged that the companies, National A-1 Advertising Inc., and R.S. Duffy Inc., operated a web site called Escorts.com, which facilitated interstate prostitution activities. (The web site was shut down on May 31.)