NEW YORK (AP) -- A retired New York City police officer has been accused of running a prostitution ring that charged customers as much as $2,000 an hour and faces federal money laundering charges.
Michael Rizzi was arrested Tuesday at his Brooklyn home and was scheduled to appear in federal court.
U.S. Attorney Robert Capers says Rizzi ran a prostitution ring called BJM/Manhattan Stakes and Entertainment between 2012 and 2016.
Prosecutors say the company advertised on more than 50 websites. They say some clients spent more than $25,000 for a night.
Prosecutors say Rizzi set up personal and business bank accounts to launder the millions of dollars that the business took in.
Rizzi's attorney hasn't returned a phone call seeking comment.