Peter Nygard: FBI raids fashion mogul HQ in sex trafficking probe

Danton Unger Editorial Producer – Digital. In a statement to CTV News, Nygard Companies spokesperson Ken Frydman confirmed Nygard will no longer be chairman for the company and will divest his ownership interest. The decision comes after a slew of allegations accusing Nygard of rape, sexual assault, and sex trafficking of young and impressionable women and teens. The details of the allegations were outlined in a class-action lawsuit against Nygard. Nygard’s lawyer maintains the accusations are completely false. The allegations have not been tested in court. Frydman said the accusations are a result of an ongoing feud with American investor Louis Bacon.

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A Canadian judge has given the green light to an accounting firm to sell and liquidate part of the business empire founded by fashion mogul Peter Nygard. Nine Nygard designer and retail companies in March filed for bankruptcy protection in Canada and in the U. Canada’s Richter Advisory Group Inc. Justice James Edmond of the Court of Queen’s Bench in Winnipeg on Wednesday approved the requests by Richter to sell some of Nygard’s assets and inventory, as well as conduct store closing or liquidation sales.

Richter hired the Canadian and U. Hilco will oversee store-closing and liquidation sales of all inventory at retail stores, as well as sell any furniture, fixtures and equipment at stores or distribution centers.

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Court in Bahamas issues arrest warrant for Canadian fashion mogul Peter Nygard

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The warrant was issued after Nygard failed to appear in court multiple times for a sentencing hearing related to two contempt of court convictions, after a judge found that he had repeatedly ignored a injunction that banned him from dredging. Nygard has been convicted of contempt of court three times for ignoring the injunction. A sentence for the second and third convictions was supposed to be handed down this month, Smith said, but Nygard has repeatedly failed to appear in court and is not currently in the country.

On Monday, a Bahamian doctor filed an affidavit stating that the year-old was unable to travel to the Bahamas due to poor health. According to the affidavit, Nygard flew to Winnipeg on Friday, but upon landing felt very dizzy and thought he was having a stroke. Lynwood Brown.

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