10:33AM

Mortgage broker convicted of running prostitution "business"

A man has pleaded guilty of laundering some of the $200,000 in proceeds of a prostitution business he ran out of his home in Clayton. Cole J. McPherson, 35, of the 800 block of Westwood Drive, pleaded guilty last week on one count of money laundering in federal court in St. Louis.

One of his escort services was called Allure. Another was Magic Moments and Models. The businesses placed advertisements in the Riverfront Times offering escorts under titles such as “Asian Princess,” “Young Luscious Ladies” or “Sexy Latin,” McPherson admitted in pleading guilty.
In February last year, McPherson was arrested by St. Louis County police as he was driving one of his prostitutes to a Comfort Inn in Maryland Heights, the plea agreement said.
McPherson’s attorney, Scott Rosenblum, said, “It was an unfortunate period of his life, and he’s certainly looking forward to putting it behind him.” U.S. District Judge Catherine Perry set sentencing for Sept. 15. McPherson works as a mortgage broker, Rosenblum said.

This is an excerpt from a story by Peter Shinkle of the St Louis Post-Dispatch. Click the reference below to read the full story.

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