The former longtime CEO of Abercrombie & Fitch has pleaded not guilty to federal sex trafficking and interstate prostitution charges [Video]

The former longtime CEO of Abercrombie & Fitch pleaded not guilty Friday to federal sex trafficking and interstate prostitution charges.Michael Jeffries, 80, declined to comment after he entered the plea in federal court in Central Islip, on Long Island. He is free on $10 million bond and is due back in court on Dec. 12.Related video above: A clip from the US Attorney’s NY press conference on indictment of former Abercrombie & Fitch CEOProsecutors allege that for years, Jeffries, his romantic partner and a third man, 71-year-old James Jacobson, lured men into taking part in sex parties by dangling the promise of modeling for the clothing retailer, once famous for its preppy, All-American aesthetic and marketing with shirtless male models.Jacobson, who was an employee of Jeffries when prosecutors say the crimes occurred, also pleaded not guilty and declined to speak to reporters afterward.In charges announced earlier this week, prosecutors say …