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Fortune

Phil Wahba

How Abercrombie's ex-CEO almost sank the company

Jeffries Abercrombie Abercrombie & Fitch ( Fran Horowitz Hollister

Photo of Mike Jeffries

Mike Jeffries, the former CEO of Abercrombie & Fitch, was arrested on Tuesday in Florida, accused of sex trafficking and using his perch atop the fashion clothier to coerce men into sex for a chance to model for the brand.

According to the indictment, Jeffries, his partner Matthew Smith, and an employee of theirs, James Jacobson, allegedly ran an international sex trafficking and prostitution ring from 2008 to 2015, a period that largely overlapped with Jeffries's time as CEO from 1992 to 2014.

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