As we noted at the time, the buyer behind that eye-popping sale of 2755 Fillmore Street, which sold for $13.25 million or roughly $2,577 per finished square foot back in 2016, wasn’t a foreign national. In fact, the buyer was Michael Lacey, the co-founder of Backpage.com.
This past Friday, Backpage was seized and shuttered by the Justice Department, the related 93-count indictment for which was unsealed this morning and includes charges of money laundering and knowingly facilitating prostitution through the website.
With respect to said laundering, counts number 83 and 84 refer to the transfer of $397,950 and $12,859,152.56 from Arizona Bank & Trust to Fidelity Title on June 27, 2016, and July 20, 2016, respectively, representing payments “for San Francisco property,” which we’ve directly tied to purchase of 2755 Fillmore Street.
And if Mr. Lacey is convicted, the federal government is positioning to seek forfeiture of the home.