Tag

Former Ceo

All articles tagged with #former ceo

legalcrime2 years ago

Former Abercrombie And Fitch CEO Faces FBI Probe for Sex Abuse and Trafficking Allegations

The FBI has launched a probe into former Abercrombie & Fitch CEO Mike Jeffries and his partner Matthew Smith following allegations of sexual exploitation and trafficking of men at events they hosted globally. A civil lawsuit also claims they operated a sex-trafficking business. The investigation, led by FBI agents specializing in alleged sex crimes and federal prosecutors, was prompted by a BBC report and documentary alleging exploitation of young adult men at events in London, New York, and Marrakesh. Abercrombie & Fitch has expressed disgust at the alleged behavior and suspended part of Jeffries' retirement benefits.

business2 years ago

"Ex-Wells Fargo CEO Demands $34mn in Lawsuit over Revoked Stock Grants"

The former CEO of Wells Fargo, John Stumpf, is seeking $34 million in a lawsuit against the bank over cancelled stock grants. Stumpf claims that the bank wrongfully rescinded the grants after he resigned in 2016 following a scandal involving the creation of unauthorized customer accounts. The lawsuit alleges breach of contract and seeks to enforce the stock grants, which were originally valued at $62 million.

legalcriminal-justice2 years ago

Lawyers Argue Against Prison Time for Former Nikola Boss in Fraud Case

Lawyers representing the former CEO of Nikola, Trevor Milton, argued that he should not receive prison time for fraud charges. They claimed that Milton did not personally benefit from the alleged fraud and that his actions were not malicious. The defense also argued that Milton's actions did not cause any financial harm to investors.