• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Former Abercrombie CEO Jeffries to enter plea in sex trafficking case

by October 25, 2024
written by October 25, 2024

(Reuters) – Mike Jeffries, the former longtime chief executive of Abercrombie & Fitch, 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.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Fearing China’s hypersonic weapons, US Navy seeks to arm ships with Patriot missiles
next post
Saia shares fall as Q3 earnings miss estimates

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Sign up and get the scoop before anyone else—fresh updates, and secret deals, all wrapped up just for you. We're talking juicy tips, fun surprises, and invites to events you actually want to go to. Don’t just watch from the sidelines—jump in and be part of the magic!








    By signing up, you're cool with getting emails from us. Don’t worry — your info stays safe, sound, and strictly confidential. No spam, no funny business. Just the good stuff.

    Recent Posts

    • Elon Musk’s SpaceX acquires xAI

      February 25, 2026
    • The architect of Amazon’s supply chain on running a startup with your spouse

      February 25, 2026
    • Trump administration alleges Nike discriminated against white workers

      February 25, 2026
    • Landmark trial accusing social media companies of addicting children to their platforms begins

      February 25, 2026

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (688)
    • Stock (6,426)

    Latest News

    • Elon Musk’s SpaceX acquires xAI
    • The architect of Amazon’s supply chain on running a startup with your spouse

    Popular News

    • Exclusive-Trump tariff plan puts $3 billion in Diageo, Becle tequila imports at risk
    • Google’s Nobel prize winners stir debate over AI research

    About The Significant deals

    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy