Controversial Payments Suspended Abercrombie & Fitch, a renowned American retailer, has announced the suspension of additional retirement income to its former CEO, Mike Jeffries. This decision comes in the wake of troubling sex trafficking allegations linked to Jeffries.
The High Cost of Scandal Before the suspension, Jeffries enjoyed a lucrative post-retirement deal, receiving annual bonus payments amounting to approximately $1 million. This generous financial arrangement was over and above his standard pension plan.
BBC Exposé Triggers Legal Action In October, a BBC Panorama documentary and podcast series unveiled claims of exploitation involving young men recruited for sex events allegedly orchestrated during Jeffries’ tenure. Following these revelations, Abercrombie & Fitch now faces a lawsuit accusing the company of bankrolling a sex-trafficking operation.
Global Exploitation Network Uncovered Investigations have revealed an extensively organized network recruiting men for international events in major cities such as London, New York, and Marrakesh. Allegations include exploitation and abuse, with eight men sharing their experiences with the BBC.
Serious Legal Allegations The civil lawsuit against A&F claims the company supported a “criminal enterprise” led by Jeffries. The court documents suggest the potential sexual abuse of over 100 men during his leadership, framing modeling opportunities as a deceptive lure.
Corporate Funds Misused? The lawsuit further alleges that Abercrombie & Fitch’s corporate funds and resources were utilized to support this alleged sex-trafficking venture.
Company and Jeffries Respond Abercrombie & Fitch has refrained from commenting on the ongoing legal proceedings. Similarly, through his attorney, Jeffries has declined to comment, with his legal representation stating their intention to address the matter in court.
Ongoing Developments As the case continues to unfold, both Abercrombie & Fitch and Mike Jeffries find themselves under intense scrutiny, raising serious questions about corporate responsibility and leadership ethics.