NEW YORK » 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 today at his Brooklyn home.

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 with names such as Lush Playmates. 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 the business took in.

Rizzi has pleaded not guilty in federal court and has been released on $500,000 bond. His attorney hasn’t returned a call seeking comment.