VC caught up in largest online-escort stingArizona police busted Night Entertainment Partners, a $3 million-a-year conglomerate of escort agencies, earlier this month. Caught in the sweep: William Ferretti, a venture capitalist who now faces felony charges. Night was far larger than Emperor's Club VIP, the agency most infamous for its former Client 9, Eliot Spitzer. Its business spanned three states and the bust has resulted in 55 indictments and 33 arrests, including Ferretti, whom prosecutors seem to be charging with funding the operation. Where did he first come into contact with the business? His attorney says it was at an Apple Store in Arizona, which happened to be in the same building as the escort services' corporate offices.Whether or not Ferretti was a client remains to be seen. That seems almost beside the point, since he needs to contest charges of felony conspiracy "to control an illegal enterprise, first-degree money laundering, operating a house of prostitution, receiving the earnings of a prostitute," as well as the classic "pandering." A man who funded the TV show "The Forensic Files" ought to have seen this coming, right? Though Night Entertainment is somewhat sophisticated in using the Web to attract its clients, like any other business, the escort service still had to take out new employee advertisements in the local paper, file a business license, and pay the rent on an office. Every step they took to operate legitimately only added to their paper trail. Ferretti may have thought he was getting involved in a respectable, highbrow operation. But going online just helped bring the cops' attention to Night. The only ones getting off easy are the guys at their computers — setting up stings against prostitutes.