While there are always two sides to a story, this looks pretty not great in any way. From CNN:
Two employees at the Baltimore, Maryland, branch of the liberal community organizing group ACORN were caught on tape allegedly offering advice to a pair posing as a pimp and prostitute on setting up a prostitution ring and evading the IRS.
The video footage — which has been edited and goes to black in some areas — was recorded and posted online Thursday by James O'Keefe, a conservative activist. He was joined on the video by another conservative, Hannah Giles, who posed as the prostitute in the filmmakers' undercover sting.