execs granted bail

14 Oct 2016

The CEO of and its owners have been granted bail from a California jail on sex-related charges, with their next court date set in mid-November.

Bail for CEO Carl Ferrer, 55, was set at $500,000, while bail for Jim Larkin, 67, and Michael Lacey, 68, was set at $250,000 each. Ferrer lives in Texas; the others live in Arizona. It was unclear whether they would be allowed to return to their homes pending the Nov. 16 hearing on a motion, expected to be filed, that the charges are without merit.

Bail was set in a closed hearing Thursday by California Superior Court Judge Michael G. Bowman in Sacramento, the state capital.

Our earlier coverage is in Classified Intelligence Report (available to clients) and here, here, here and here. For more on the bail hearing, see coverage from the Arizona Republic and the Sacramento Bee.


Peter M. Zollman

Peter M. Zollman brings more than 35 years of media experience to his role as founding principal of the AIM Group / Classified Intelligence Report. He has worked with a wide range of media companies, dot-coms, technology providers and start-ups to develop and expand successful interactive-media services. He is based in Altamonte Springs, Fla., near Orlando.