EUGENE, Ore. – A former marketing manager at Nike has been charged in connection with a scheme to defraud the company, U.S. Attorney Billy J. Williams said.
Errol Andam, 49, faces charges of wire fraud, money laundering, and making false statements on a loan application.
The man was employed by Nike from 2001 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 states.
Williams said in 2016 Andam had a friend set up a company to design and build pop-up venues and used his role as a manager to contract with that company consistently. Andam allegedly assumed control of that company’s financial operations and issued invoices to Nike under an alter ego.
Andam also reportedly directed credit-card sales at various pop-up venues to his friend’s company and through to his own bank account.
Between 2016 and 2018, Andam allegedly embezzled nearly $1.5 million in Nike proceeds.
The man faces a maximum sentence of 30 years in prison, fines of up to $4.5 million and 5 years of supervised release if convicted. He will be arraigned on March 5.