financetom
Business
financetom
/
Business
/
Former Abercrombie CEO Jeffries to enter plea in sex trafficking case
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Former Abercrombie CEO Jeffries to enter plea in sex trafficking case
Nov 3, 2024 11:23 AM

*

Jeffries hit with 16 criminal charges

*

Dozens claim to be victims

*

Jeffries led Abercrombie from 1992 to 2014

Oct 25 (Reuters) - Mike Jeffries, the former longtime

chief executive of Abercrombie & Fitch ( ANF ), will be

arraigned on Friday after being charged with running an

international sex trafficking and prostitution scheme while

leading the clothing retailer.

Jeffries, 80, who led Abercrombie from 1992 to 2014, is

expected to enter his plea to 16 criminal charges before a

federal judge in Central Islip, New York, in that state's

Suffolk County.

His employee James Jacobson will also enter a plea.

Jeffries' partner Matthew Smith, a dual U.S.-British citizen,

was ordered detained and will plead later. Both face the same

charges as Jefferies.

Prosecutors said the alleged scheme ran from 2008 to 2015.

They said Jacobson acted as a recruiter, paid men to have

sex with him then chose who would be paid to travel to

Manhattan, the Hamptons and several countries around the world

to have sex with Jeffries and Smith.

Victims were led to believe that their efforts could lead to

modeling jobs, but the scheme's true purpose was to fulfill

Jeffries' and Smith's sexual desires without tarnishing

Jeffries' reputation, prosecutors said.

According to the indictment, victims were forced to consume

alcohol, Viagra and muscle relaxants; use sex toys; and perform

sex acts against their will. They were also required to sign

nondisclosure agreements, the indictment said.

Dozens of men were victims, including 15 identified in the

indictment, prosecutors said.

Each defendant faces 15 years to life in prison if convicted

of sex trafficking and up to 20 years in prison if convicted of

interstate prostitution.

The charges echo accusations in a 2023 BBC investigation and

private litigation on behalf of Jeffries' accusers.

Abercrombie has also been sued, but has denied knowing about

Jeffries' alleged misconduct. The New Albany, Ohio-based company

was not charged in the criminal case.

Jeffries built Abercrombie into a popular clothing brand

focused on teen shoppers, using splashy, sexually charged

marketing that included ads with semi-nude models.

He resigned amid falling sales and criticism he was losing

his touch in keeping up with customers' changing tastes.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
Copyright 2023-2026 - www.financetom.com All Rights Reserved