Mike Jeffries, who his lawyers say also has Alzheimer's disease, has pleaded not guilty to one count of sex trafficking and 15 counts of interstate prostitution.

Summary

Former Abercrombie & Fitch CEO Mike Jeffries, facing sex trafficking and interstate prostitution charges, has been diagnosed with dementia and late-onset Alzheimer’s, according to court filings.

Jeffries, 80, and co-defendants allegedly ran an international sex trafficking ring from 2008 to 2015, coercing young men, some financially vulnerable or with ties to Abercrombie, into sex acts for career opportunities.

Prosecutors claim victims were intimidated, drugged, and paid large sums.

Jeffries, under house arrest since October, has pleaded not guilty, with a competency hearing scheduled for June.

  • grue@lemmy.worldEnglish
    17·
    4 days ago

    I know it’s a thin justification but we as a society really need to kill wealth inheritance.

    That’s why we have a tax on inheritance in the first place. It’s the only tax that’s explicitly confiscatory, and for good reason (to prevent the establishment of an aristocracy).

    • Coriza@lemmy.world
      15·
      4 days ago

      And of course there is a loop hole for that. If I recall correctly it works like this if you have enough money to have to pay inheritance tax (or it would be a sizeble value) you put it in a trust or company and done, no more tax when your heirs receive the company.