Tuesday, October 22, 2024

Breaking: Former Abercrombie & Fitch CEO Mike Jeffries arrested on federal sex trafficking charges, reports say

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Tue Oct 22 2024

Ex-Abercrombie CEO to face sex trafficking charges: Reports

** FILE ** Abercrombie & Fitch's chairman and chief executive Michael Jeffries, shown in this Feb. 16, 1998, file photo, has signed a lucrative contract that includes a $1 million annual salary and a retirement package not tied to the company's performance. When he retires in December 2008, Jeffries is guaranteed $12 million in cash, 1 million shares of Abercrombie stock, worth about $28 million today, and half of his salary for the rest of his life.

Michael Jeffries, the former CEO of Abercrombie & Fitch, is expected to face sex trafficking charges, according to several media reports.

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