Sex-Trafficking Charges for Former Abercrombie CEO

The Journal.

The Wall Street Journal

Daily News, Business News, News

4.2 • 5.3K Ratings

🗓️ 24 October 2024

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Mike Jeffries, former CEO of Abercrombie & Fitch, was arrested and charged with running an international sex-trafficking ring. WSJ’s Khadeeja Safdar describes the alleged crimes and the potential fallout for the company. Further Reading: -Former Abercrombie CEO Mike Jeffries Is Arrested, Charged in Sex-Trafficking Case Further Listening: -The Resurrection of Abercrombie & Fitch -JPMorgan's $75 Million Jeffrey Epstein Settlement Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	On Tuesday, the U.S. attorney for the Eastern District of New York stepped up to a podium.
0:11.0	Good afternoon. I'm Brian Peace, the United States Attorney for the Eastern District of
0:16.7	Peace was speaking just hours after the arrest of the former CEO of Abercrombie and
0:22.4	Fitch Mike Jeffries. Jeffries was charged
0:26.0	with 16 counts of sex trafficking and interstate prostitution.
0:30.9	But while Jeffries was the CEO of one of the most recognizable clothing retailers in the world, he was using
0:40.0	his power, his wealth, and his influence to traffic men for his own sexual pleasure.
0:47.0	How serious are the allegations against Jeffries?
0:54.0	Very serious allegations.
0:56.0	He's been charged with essentially orchestrating a scheme
1:00.0	to pressure victims to participate in sex events and the indictment
1:06.7	alleges that many of those victims were misled into believing that they
1:10.0	would get jobs.
1:10.8	Kadeja Softar is an enterprise reporter
1:14.8	who's been investigating sex trafficking
1:17.1	in the world of business.
1:18.8	What's most surprising is how long it took to uncover this.
1:23.0	Mike Jeffries had been CEO for many years.
1:26.0	This is a consumer brand.
1:28.0	People knew about this brand, they visit the stores,
1:31.0	and yet this was happening behind the scenes.
1:35.0	It's pretty shocking.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Wall Street Journal, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Wall Street Journal and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.