Former Abercrombie & Fitch CEO Mike Jeffries, two associates arrested on sex trafficking charges

New York prosecutors announced Tuesday that Mike Jeffries, former CEO of Abercrombie & Fitch, was arrested on sex trafficking and interstate prostitution charges in West Palm Beach, Florida, along with two associates. 

Matthew Smith of West Palm Beach, Jeffries' partner, and James Jacobson of Wisconsin were also arrested.

The U.S. Attorney for the Eastern District of New York is expected to hold a press conference about the situation at noon Tuesday.

Jeffries served as CEO of the company from 1992 to 2014.