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Top Retail Stocks in India Smart Stock Market Plays ✌️【Safe Investments】✌️ Expert predictions on stock market movements with real-time data, ensuring you can make quick decisions and capture market opportunities. FormerAbercrombie & Fitch CEO Michael Jeffriespleaded not guilty to a 16-count indictment at his arraignment in a New York federal court on Friday.
Jeffries was indicted Wednesday on 16 federal counts of sex trafficking and international prostitution and is accused of leveraging “a network of employees, contractors and security professionals” while he led the retailer.
Other conditions of his release include being restricted to New York City, Long Island, and the southern district of Florida. He’s also not allowed to leave his home unless it’s for pre-approved reasons. Those pre-approved reasons include attorney visits, medical treatment and GPS monitoring. He must also surrender his passport.
“While Jeffries was the CEO of one of the most recognizable clothing retailers in the world, he was using his power, his wealth and his influence to traffic men for his own sexual pleasure and that of his romantic partner, Matthew Smith,” Breon Peace, US Attorney for the Eastern District of New York, said in a Tuesday press conference.
Top Retail Stocks in India Smart Stock Market Plays ✌️【Safe Investments】✌️ Get precise stock market predictions and free access to real-time market data for efficient decision-making and portfolio growth. Smith, 61, of West Palm Beach, Florida, and another associate of Jeffries, James Jacobson, 71, of Rice Lake, Wisconsin, were also indicted as part of the case. Jacobson was employed by Jeffries and Smith to recruit, interview and hire men to perform commercial sex acts for Jeffries and Smith, according to the indictment.
His attorneys did not comment as they left the courtroom, and Jeffries is due back in court on December 12. Jacobson also pleaded not guilty. A date for Smith’s arraignment has not yet been set.
Top Retail Stocks in India Smart Stock Market Plays ✌️【Safe Investments】✌️ Professional investment advice with real-time updates on stock indices and futures data. Stay ahead with expert predictions and market insights. The indictment alleges that between December 2008 and March 2015, Jeffries, Smith, and Jacobson engaged in a sex trafficking scheme in which they would recruit men to engage in “sex events” at which the alleged victims were given muscle relaxants known as “poppers,” alcohol, lubricant, Viagra and condoms to perform sex acts. They were allegedly enticed into the acts with modeling and career opportunities at Abercrombie.
Jefferies stepped down as CEO of Abercrombie & Fitch in December 2014, having run the company since 1992.
“As we shared when the accusations were first made public in October 2023, we are appalled and disgusted by the alleged behavior of Mr. Jeffries, whose employment with Abercrombie & Fitch Co. ended nearly ten years ago,” Abercrombie & Fitch said in a statement Wednesday. “For close to a decade, we have successfully transformed our brands and culture into the values-driven organization we are today. We have zero tolerance for abuse, harassment or discrimination of any kind, and are committed to fully cooperating with law enforcement as the legal process continues.”
Top Retail Stocks in India Smart Stock Market Plays ✌️【Safe Investments】✌️ Free break-even services and stock analysis to help you recover quickly from losses and increase your chances of making profitable investments. Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and 【 - Free Stock Market Expert Consultation 】. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited.
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