The World Forum - April 22nd, 2024

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Fashion mogul Peter Nygard arrested on U.S. charges of racketeering, sex trafficking


Authorities in the United States say Canadian fashion mogul Peter Nygard has been indicted on nine charges including racketeering and sex trafficking.

A news release from the United States Attorney’s Office for the Southern District of New York says the charges involve at least dozens of alleged victims in the U.S., the Bahamas and Canada, among other locations.

Nygard has been the target of a slew of lawsuits. He is denying the allegations and none have been proven in court.

Court records show Nygard was arrested under the Extradition Act and is to appear in a Winnipeg courtroom Tuesday.

He is facing a class-action lawsuit in the United States alleging the sexual assault of dozens of women. The suit alleges that the Finnish-born, Winnipeg-raised millionaire used violence, intimidation, bribery and company employees to lure victims and avoid accountability for decades.

But Nygard has denied wrongdoing and claims he is the victim of a smear campaign led by former his Bahamas neighbour, billionaire Louis Bacon.

Fifty-seven women are suing Nygard, including 18 Canadians.

That suit was put on pause in the summer by a judge in the U.S. District Court for the Southern District of New York.

Reasons for the stay in the suit were sealed. However, the court docket at the time said the stay resulted from a government motion that named three federal prosecutors.

The Department of Justice and the U.S. Attorney’s Office for the Southern District of New York did not respond to a request for comment at the time.

Nygard stepped down as chairman of his company after the FBI and police in New York City raided his offices in February.