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A former Nike marketing employee was charged in a $1.5 million fraud scheme in an effort to “defraud the company,” said U.S. Attorney Billy J. Williams as reported by Eugene, Oregon’s KEZI.
Errol Andam used pop-up venues to send invoices to Nike from 2016 to 2018 and embezzled $1.5 million worth of Nike proceeds. Andam, 49, worked for Nike from 2001 up until his termination in 2018. He managed the design, build-out, and operation of pop-up retail venues at sports competitions and other events across the country.
He now faces several charges including wire fraud, money laundering, and making false statements on a loan application. Andam would serve a maximum sentence of 30 years in prison, fines of up to $4.5 million, and five years of supervised release if convicted
Keep it locked on Nice Kicks as we await to see if the story develops.
