Billionaire John Childs, charged with soliciting prostitution in human trafficking investigation, resigns from equity firm

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John Childs, a billionaire equity firm owner and one of dozens accused of soliciting prostitution as part of a human trafficking investigation in Indian River County, resigned from the Boston-based firm he founded.

J.W. Childs Associates announced Childs’ “retirement” Monday in a press release.

The firm said he currently was not active in managing the firm before he retired.

“John built an enduring and strong business, and we appreciate his many contributions to JWC,” Adam Suttin, managing partner of the firm, said.

 “I look forward with confidence to the next chapter for our firm and wish John well.”

A seasonal Treasure Coast resident, Childs, 77, of Indian River Shores, was identified Thursday during a media briefing in Indian River County where law enforcement officials named several spas in connection with human trafficking case that also involved prostitution.

Childs has maintained he is innocent, telling Bloomberg last week he was falsely accused.

He’s a prominent donor to several Republican politicians and groups, including former U.S. House Speaker Paul Ryan, Club for Growth and 2012 presidential candidate Mitt Romney.

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