Jeffries, 80, faces federal sex trafficking and prostitution charges. Prosecutors and his defense team agree his psychological competency should be evaluated.

Defense lawyers say the former longtime CEO of Abercrombie & Fitch may have dementia, and a competency hearing is necessary to determine if he can face sex charges. Lawyers for Michael Jeffries said in court papers unsealed Monday in federal court in Central Islip on Long Island that a neuropsychologist who examined Jeffries in October concluded he likely has dementia with behavioral disturbance,

Lawyers representing former Abercrombie & Fitch CEO Mike Jeffries say he is suffering from dementia and Alzheimer's disease, as he battles charges of sex trafficking.