Nike<\/a> 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. <\/p>\n\n\n\nErrol 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.<\/p>\n\n\n\n
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<\/p>\n\n\n\n
Keep it locked on Snkrs Day as we await to see if the story develops. <\/p>\n","protected":false},"excerpt":{"rendered":"
A former Nike marketing employee was charged in a $1.5 million fraud scheme in an effort to “defraud the company,”…<\/p>\n","protected":false},"author":328301,"featured_media":959721,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"cultivate_rss":[],"class_list":{"2":"type-post"},"acf":[],"yoast_head":"\n
Former Nike Employee Charged $1.5M in Fraud Scheme | Snkrs Day<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n