TEXAS — Less than a week after the Department of Justice shut down Backpage.com, Texas' attorney general has announced that the company is pleading guilty to human trafficking in Texas.

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Carl Ferrer, the CEO of Backpage.com, also pleaded guilty to money laundering and will be sentenced to up to five years in prison once he has fulfilled the terms of his plea agreement, according to Attorney General Ken Paxton's office.

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The investigation could lead to other criminal charges against other individuals associated with the company, Paxton's office said.

Ferrer was arrested in Houston in 2016, according to the attorney general. A search warrant was also executed on the Dallas headquarters of Backpage, "uncovering evidence that was critical in building a case against Ferrer and the company," the attorney general's office said in a statement.