WEST PALM BEACH – Wearing white shorts, 80-year-old Michael Jeffries left federal court Tuesday afternoon after posting a $10 million bond and putting up a home in Fisher Island, New York, as collateral.

A short time later the… former CEO of Abercombie and Fitch, arrived at his home in Palm Beach. He was ordered to wear a GPS monitor.

“Between 1992 and 2014, Michael Jeffries was chairman of Abercrombie and Fitch,” said Breon Peace, U.S. attorney for the Eastern District of New York, where the charges were filed.

It is alleged that the former CEO, his romantic partner, 61-year-old Mathew Smith, and 71-year-old James Jacobson worked together to recruit dozens of men in the United States and abroad, often paying them to attend sex events.

“These individuals are accused of operating a prostitution and sex trafficking business that used a combination of force, fraud and coercion to induce victims to participate in their illegal operations,” said James Dennehy of the FBI in New York.

Jeffries and Smith were arrested Tuesday morning in Palm Beach.

According to federal authorities, James Jacobson, known as “Mrs. Cook,” arrested in Wisconsin.

“Jacobson engaged in so-called 'tryouts' with men around the world, in which he typically paid them to engage in sexual acts with him,” said U.S. Attorney Breon Peace. “After tryouts with Jacobson, he would personally approve whether the selected men would meet Jefferies and Smith,” said U.S. Attorney Breon Peace.

Prosecutors in New York revealed graphic details of Jeffries and Smith's crimes at their homes and hotels around the world. They said the 15 victims in the complaint were recruited and provided alcohol, muscle relaxants and Viagra at the sex events.

“The defendant (Jacobson) would fly the selected men to Jefferies and Smith homes in the Hamptons, New York or hotels around the world for the purpose of attending events and engaging in commercial sex,” Peace said.

Jeffries and Jacobson will be arraigned Friday afternoon in New York. If found guilty, they face a maximum penalty of life imprisonment.