LOUISVILLE, Ky. (WHAS11) -- The co-founder and CEO of Backpage.com, Carl Ferrer, has agreed to plead guilty and forfeit all corporate assets stemming from a 93-count federal indictment against Ferrer and six others.

Charges include facilitating prostitution and money laundering.

Last week, the feds shut down Backpage after they determined the site was promoting and marketing prostitution, including the sex trafficking of kids.

The Department of Justice says since 2004 Backpage made hundreds of millions of dollars.

The site is accused of actually helping to disguise sex ads involving kids. This was the focus of several I-Team investigations well before the arrests.

One report featured the father of a 16-year-old who police say Silky Clark, 39, exploited on Backpage.

“I believe that everything that they made should be seized and gave to the victims,” Donald Moore said in a follow-up interview. “They don’t indict you unless they have you.”

Congress last month passed a bill making it much easier to prosecute and sue websites knowingly promoting prostitution and the sex trafficking of minors.

Moore says he plans to sue Backpage for his and his daughter’s pain and suffering.

►Contact reporter John Charlton at jcharlton@whas11.com. Follow him on Twitter (@JCharltonNews) and Facebook.