How to Claim Your Stake in SpaceX with $500

Every week Elon Musk is sending about 60 more satellites into orbit. Tech legend Jeff Brown believes he's building what will be the world's first global communications carrier. And when it goes public, you could cash out with the biggest payout of your life.

Ex-Abercrombie CEO has dementia and is unfit for sex trafficking trial, prosecutors and defense say

PHILIP MARCELO
April 11, 2025

NEW YORK (AP) -- The former CEO of Abercrombie & Fitch is suffering from dementia and isn't competent to stand trial on sex trafficking charges, according to prosecutors and his lawyers.

Michael Jeffries requires round-the-clock care because the 80-year-old has Alzheimer's disease, Lewy body dementia and the "residual effects of a traumatic brain injury," defense attorneys wrote in a letter filed Thursday in a New York federal court, citing recent evaluations by medical professionals.

Prosecutors and defense lawyers want a federal judge in Central Islip to place Jeffries in the custody of the federal Bureau of Prisons for up to four months so that he can be hospitalized and receive treatment that might allow his criminal case to proceed.

Jeffries has been free on a $10 million bond since pleading not guilty in October to federal sex trafficking and interstate prostitution charges.

Prosecutors say Jeffries, his romantic partner and a third man lured men to drug-fueled sex parties in New York City, the Hamptons and other locations by dangling the promise of modeling for the retailer's ads.

Lawyers for Jeffries didn't immediately respond to an email seeking comment Friday. The U.S. attorney's office for the eastern district of New York declined to comment.

In their letter, Jeffries' lawyers said at least four medical professionals concluded that their client's cognitive issues are "progressive and incurable" and that he will not "regain his competency and cannot be restored to competency in the future."

They said the doctors found that his cognitive issues "significantly impair" his ability to understand the charges against him, and to consult and participate with his counsel in his defense.

"The progressive nature of his neurocognitive disorder ensures continued decline over time, further diminishing his already limited functional capacity," Dr. Alexander Bardey, a forensic psychiatrist, and Dr. Cheryl Paradis, a forensic psychologist, wrote following their December evaluations. "It is, therefore, our professional opinion, within a reasonable degree of psychological and psychiatric certainty, that Mr. Jeffries is not competent to proceed in the current case and cannot be restored to competency in the future."

Jeffries left Abercrombie in 2014 after leading the company for more than two decades. He presided over the retailer's evolution from a Manhattan hunting and outdoor goods store founded in 1892 to a fixture of teen mall culture during the early 2000s.

Jeffries' partner, Matthew Smith, has also pleaded not guilty and remains out on bond, as does their co-defendant, James Jacobson.

___

Follow Philip Marcelo at twitter.com/philmarcelo

Continue Reading...

Popular

Levi Strauss agrees to sell Casual Friday staple Dockers for up to $391 million

NEW YORK (AP) — Levi Strauss is set to finally part ways with Dockers — inking a deal to sell its brand once credited with propelling the popularity of “Casual Fridays” to Authentic Brands Group.

Prosecutors seek 20-year prison term for founder of failed crypto platform Celsius Network

NEW YORK (AP) — The founder and former CEO of the failed cryptocurrency lending platform should face 20 years behind bars for lying and self-dealing that cost customers billions of dollars in losses, prosecutors told a judge Tuesday.

He Called Bitcoin to $100k... Now He Says This Coin Is Next - Ad

Juan Villaverde may be America's top crypto expert. According to Juan's timing model, we are entering what could be the biggest bull market in crypto's history. With America's first crypto president in office, it could be the biggest gains the market has ever seen. And one special coin could skyrocket.

India-Pakistan Ceasefire Teeters As Blasts Shatter Calm In Kashmir

Explosions in Kashmir just hours after a U.S.-brokered India-Pakistan ceasefire have cast doubt on the truce's stability.

Ford CEO welcomes relief on tariffs but says more work is needed on trade policies to spur growth

LOUISVILLE, Ky. (AP) — Ford Motor Company's top executive on Wednesday welcomed but said more work is needed to craft trade policies that spur growth in the U.S. auto industry.

Biggest Dividend Payout in U.S. History: $1 Trillion up for Grabs! - Ad

Trump just launched a $1 trillion National Investment Fund to replace income taxes and send direct payouts to Americans. You could claim up to $21,307--before the first public checks go out. This is historic. Act now to be first in line.

Mark Zuckerberg Overtakes Jeff Bezos To Become World's Second-Richest Person As Meta Stock Soars

Mark Zuckerberg has surpassed Jeff Bezos to become the world's second-richest person, with a net worth of $212 billion, following a surge in Meta's stock price.

India's leader Modi touted all was well in Kashmir. A massacre of tourists shattered that claim

SRINAGAR, India (AP) — Hundreds of Indian tourists, families and honeymooners, drawn by the breathtaking Himalayan beauty, were enjoying a picture-perfect meadow in Kashmir. They didn’t know gunmen in army fatigues were lurking in the woods.

Government Moves + Nvidia Deals = AI Infrastructure Tailwinds - Ad

From Trump's Stargate initiative to NVIDIA's $500B bet, AI infrastructure is now strategic. This company is positioned at the heart of the buildout.

The AI Bottleneck Is Real-and One Firm Is Solving It - Ad

AI is scaling fast-but infrastructure is lagging. This firm isn't just aware of the problem, it's building the solution: servers, GPUs, and strategic AI deployments. NVIDIA noticed. Investors should too.

Top Trump officials to meet with Chinese counterparts amid trade war

WASHINGTON (AP) — Top U.S. officials are set to meet with a high-level Chinese delegation this weekend in Switzerland, the administration announced Tuesday, in the first major talks between the two nations since President sparked a trade war with stiff on imports.

Midwest carbon dioxide pipeline could face new hurdle as some Iowa lawmakers question eminent domain

DES MOINES, Iowa (AP) — A proposed pipeline that would traverse through several Midwestern states could face more hurdles in Iowa as a dozen Republican state senators try to force the issue to a vote.

You Can Take a Stake in Elon's xAI Before June 1st... - Ad

Elon Musk's private AI firm xAI may have just leapfrogged ChatGPT and Google's Gemini--building what experts call the future of AI. For the first time, you can take a stake starting at $500.

Harassed by Assassin’s Creed gamers, a professor fought back with kindness

HANOVER, N.H. (AP) — Sachi Schmidt-Hori has never played Assassin’s Creed Shadows, but facing an onslaught of online harassment from its fans, she quickly developed her own gameplay style: confronting hate with kindness.

Stocks Fall On Trade Concerns, Oil And Gold Rally: What's Driving Markets Tuesday?

Wall Street edged lower by midday Tuesday as uncertainty surrounding trade policies lingered, with investors adopting a cautious approach ahead of Wednesday’s Federal Reserve meeting.

Have You Seen this Strange Elon Musk Device? - Ad

Tech legend Jeff Brown predicts this "space technology" will be Elon Musk's next trillion-dollar business, and it will make a lot of people rich. This could be the biggest internet innovation since the first web browser Netscape kicked off the internet boom in the late 1990s.

Tesla Stock Falls On European Sales Decline, Rising Competition: What's Going On?

Tesla Inc. (NASDAQ:TSLA) shares are trading lower Monday after industry data showed a drop in new car sales in Spain, which appears to be adding to concerns over European performance.

California high-speed rail leader pushes state to support private investment

SACRAMENTO, Calif. (AP) — A long-delayed project promising nonstop rail service between San Francisco and Los Angeles in under three hours may be able to secure the private funding it desperately needs if California agrees to pay the investors back, its chief executive told The Associated Press.

The Most Important "AI Stock" You've Never Heard Of - Ad

The AI revolution is moving faster than anyone expected. But what no one is talking about is the one company AI simply can't exist without. It may be the single most important AI investment, yet most people don't even know its name. For now. The moment Wall Street catches on, this $20 stock could explode.

Florida lawmakers approve changes to condo safety law passed after Surfside collapse

TALLAHASSEE, Fla. (AP) — Florida lawmakers gave final approval Wednesday to a bill aimed at reforming a condominium safety law passed in 2022 in the wake of the partial collapse of Champlain Towers South, which in Surfside in June 2021.

Neurocrine Biosciences' Ingrezza Q1 Sales Prove Resilient, Analysts Boost Price Target

Neurocrine stock gains as Q1 EPS beats estimates; Ingrezza sales climb 8% YoY with record new patients and strong analyst price target hikes.

Powering Ai's Future? One Company Is Already Doing It - Ad

Massive compute demand is choking AI's growth. While others wait, this firm is building infrastructure now-with elite GPUs and long-term contracts.

Visa wants to give artificial intelligence 'agents' your credit card

Artificial intelligence “agents” are supposed to be more than chatbots. The tech industry has spent months that know what you want and can do real work on your behalf.

Trump threatens 100% tariff on foreign-made films

NEW YORK (AP) — is opening a new salvo in his tariff war, targeting films made outside the U.S.

Elon's Greatest Invention... Hidden in South Memphis? - Ad

Tech legend Jeff Brown recently traveled to the industrial zone of South Memphis to investigate what he believes will be Elon's greatest invention ever... Yes, even bigger than Tesla or SpaceX.

What customers can expect as Rite Aid closes or sells all its drugstores

Rite Aid customers can expect their local store to close or change ownership in the next few months, as the struggling drugstore chain goes through .

AI developers should counter misinformation and protect fact-based news, global media groups say

GENEVA (AP) — A global group of broadcasters and publishers is calling on artificial intelligence developers to make sure their technology serves the public by helping to counter misinformation and protect the value of fact-based news.

How to Claim Your Stake in SpaceX with $500 - Ad

Every week Elon Musk is sending about 60 more satellites into orbit. Tech legend Jeff Brown believes he's building what will be the world's first global communications carrier. And when it goes public, you could cash out with the biggest payout of your life.

Bitcoin Breaks $100,000, Ethereum, XRP, Dogecoin Roar 10% Higher: What Do Experts Predict Next?

Bitcoin (CRYPTO: BTC) on Thursday evening crossed the $100,000 milestone for the first time in three months, fueling debate over whether this marks the beginning of a sustainable bull run or a

Desperate children and adults in Gaza struggle to get food as Israel blocks aid

KHAN YOUNIS, Gaza Strip (AP) — Screaming in anguish as the desperate crowd crushes them against a barrier, young children and adults frantically wave pots and pans at charity workers, begging for a portion of some of the last food aid left in Gaza: Rice.

World Economic Forum: "Arguably the Most Exciting Human Discovery Since Fire" - Ad

Sam Altman, Bill Gates, and Mark Zuckerberg are all investing vast sums of money into a radical technology. According to Bloomberg, this could become 10 times bigger than AI, quantum computing, electric vehicles, cryptocurrencies, and robotics combined. And one stock is at the center of it all.

Stocks Pause Gains As Treasury Yields Rise: What's Driving Markets Monday?

Wall Street kicked off the week with a cautious tone, as major stock indices hovered near the flatline by midday in New York. Investors digested fresh signs of inflationary pressure in the services sector, raising doubts about near-term rate cuts and weighing on risk appetite.

Take It Down Act, addressing nonconsensual deepfakes and 'revenge porn,' passes. What is it?

Congress has overwhelmingly approved bipartisan legislation to enact stricter penalties for the distribution of non-consensual intimate imagery, sometimes called “revenge porn.” Known as the Take It Down Act, the bill is now headed to President Donald Trump’s desk for his signature.

A Historic Gold Announcement Is About to Rock Wall Street - Ad

The greatest investor of all time is about to validate what Garrett Goggin has been saying for months: Gold is entering a once-in-a-generation mania. Front-running Buffett has never been more urgent - and four tiny miners could be your ticket to 100X gains.

Charlie Munger Says The Secret Is To 'Find Costcos, Not Good Exits,' Saying His Wealth Came From Relentless Holding And Not Slick Sell Signals

Legendary investor Charlie Munger advised to find durable, well-run businesses and hold them for decades, like Costco. His loyalty and simple investing philosophy still influence Berkshire Hathaway.

Trump's Crypto Blueprint Unveils This Infrastructure Powerhouse - Ad

One blockchain token sits at the heart of Washington's pro-crypto agenda. Institutions are loading up while it still trades at a discount. Here's how to get in for $3.

Greece is helping parents with age gating, monitoring kids' screen time with a government app

ATHENS, Greece (AP) — In a country celebrated for its ancient wisdom, is offering a modern solution to a pressing household challenge: empowering parents to oversee their children’s online activity.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright systemtrading.ca
Privacy Policy | Terms of Service