FBI Raids Fashion Mogul Peter Nygard’s NY Office After He Was Accused of Sex Assault and Sex Trafficking

By CNN. Fashion tycoon Peter Nygard’s New York office was raided Tuesday as the magnate faces allegations of sex trafficking in a civil lawsuit.

The FBI and New York police executed the search warrant, said Nicholas Biase, a spokesman for the US Attorney’s Office for the Southern District of New York.

Nygard’s spokesman Ken Frydman said authorities executed search warrants on Nygard’s offices in New York and California, and he said his client is “not surprised” by the raids.

“Nygard welcomes the federal investigation and expects his name to be cleared,” Frydman said. “He has not been charged, is not in custody and is cooperating with the investigation.” (Read more from “FBI Raids Fashion Mogul Peter Nygard’s NY Office After He Was Accused of Sex Assault and Sex Trafficking” HERE)

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Peter Nygard Resigns as Head of Fashion Company After Sex-Trafficking Raid

By New York Post. Fashion mogul Peter Nygard is stepping down as head of the international women’s clothing giant he founded, a spokesman for the Canadian-born multi-millionaire announced following an NYPD/FBI raid of Nygard’s Manhattan offices Tuesday.

“Recognizing the priority of the welfare of the thousands of Nygard employees, retail partners, loyal customers, vendors, suppliers, and business partners, Peter Nygard has made the decision to step down as chairman of the Nygard
Companies and will divest his ownership interest,” Ken Frydman, a spokesman for the wealthy playboy, said in a statement. (Read more from “Peter Nygard Resigns as Head of Fashion Company After Sex-Trafficking Raid” HERE)

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