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sex trafficking chargeCNBC
•67% Informative
Former Abercrombie & Fitch CEO Mike Jeffries and associate James Jacobson will plead not guilty to federal criminal sex trafficking and interstate prostitution charges, their lawyers told CNBC .
Jeffries , 80 , and Jacobson , 71 , are set to be arraigned in U.S. District Court in Long Island , New York , three days after being arrested.
The alleged illegal conduct took place over more than six years , a period that overlapped with Jeffries ' tenure as CEO.
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