Costco Gold Mania

They sell out "within a few hours" of going online, says Costco's CFO. And more than 77% of Costco stores have completely sold out as well. Despite the clear mania in gold... according to the gold experts at Stansberry Research, there's an EVEN BETTER way to invest in gold, without rushing to Costco to buy gold bars.

Former Abercrombie & Fitch chief Mike Jeffries arrested on federal sex trafficking charges

JENNIFER PELTZ
October 22, 2024

NEW YORK (AP) -- Former Abercrombie & Fitch CEO Michael Jeffries and two other men have been arrested on sex trafficking and interstate prostitution charges, a spokesperson for federal prosecutors said Tuesday.

Details of the criminal charges weren't immediately available. They come after years of sexual misconduct allegations, made in civil lawsuits and the media, from young people who said Jeffries lured them with promises of modeling work and then pressed them into sex acts.

A message seeking comment was left for Brian Bieber, an attorney who has represented Jeffries. Information on attorneys for the other defendants wasn't immediately available.

Brooklyn-based U.S. Attorney Breon Peace and FBI and police officials were set to hold a news conference later Monday.

Jeffries left New Albany, Ohio-based Abercrombie & Fitch in 2014.

One civil lawsuit filed in New York last year accused Abercrombie of allowing Jeffries to run a sex-trafficking organization during his 22-year tenure. It said that Jeffries had modeling scouts scouring the internet for victims, and that some prospective models became sex-trafficking victims.

Abercrombie last year said it had hired an outside law firm to conduct an independent investigation after a report on similar allegations was aired by the BBC.

The BBC investigation included a dozen men who described being at events involving sex acts they said were staged by Jeffries and his partner, Matthew Smith, often at his home in New York and hotels in London, Paris and elsewhere.

When the civil lawsuit was filed in New York last year, Bieber declined to comment on the allegations.

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