Abercrombie ex-CEO Mike Jeffries to plead not guilty in sex crimes case [CNBC]
Abercrombie & Fitch Company (ANF)
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Source: CNBC
A federal indictment accuses Jeffries and his romantic partner Matthew Smith of operating an international sex trafficking enterprise with Jacobson's help. The alleged illegal conduct took place over more than six years, a period that overlapped with Jeffries' tenure as CEO of the clothing brand. Former Abercrombie & Fitch CEO Mike Jeffries and his associate will plead not guilty Friday to federal criminal charges of sexually exploiting dozens of men, many of whom sought to be models for the clothing brand. Jeffries, 80, and James Jacobson, 71, are set to be arraigned in U.S. District Court in Long Island, New York, three days after being arrested on sex trafficking and interstate prostitution charges. Attorneys for both men confirmed to CNBC earlier Friday that their clients would enter not-guilty pleas. The graphic 16-count indictment unsealed Tuesday accuses Jeffries and his romantic partner Matthew Smith, 61, of operating an international sex trafficking enterprise over
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