Former Abercrombie CEO Mike Jeffries arraigned on sex trafficking charges | CNN Business

CNN  — 

Former Abercrombie & Fitch CEO Michael Jeffries pleaded not guilty to a 16-count indictment at his arraignment in a New York federal court on Friday.

Jeffries was indicted Wednesday on 16 federal counts of sex trafficking and international prostitution and is accused of leveraging “a network of employees, contractors and security professionals” while he led the retailer.

Jeffries was released on $10 million bond put up by his family.

Other conditions of his release include being restricted to New York City, Long Island, and the southern district of Florida. He’s also

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