Ex-Nike manager admits wire fraud, money laundering

Crime

Errol Andam will likely spend 2-3 years in prison

generic gavel 02172018 pdp_1518878249675.jpg.jpg

PORTLAND, Ore. (KOIN) — Facing 60 years in prison and $3 million in fines, a former marketing manager at Nike pleaded guilty Friday to federal charges of wire fraud, false statement on a loan application and money laundering.

Errol Amorin Andam of Beaverton worked as a manager in Nike’s North American Retail Brand Marketing division, where he was in charge of designing, building and managing “pop-up” retail venues at major sports competitions and other special events around the country.

Authorities said Andam used his role at the sportswear giant to ensure the company of a childhood friend was selected as an independent contractor for Nike for these pop-up venues.

He also used an alias, Frank Little, to bill Nike through his friend’s company. He also funneled money from Nike and his friend’s company to his own accounts, embezzling about $1.5 million from Nike until December 2018.

In the plea agreement, Andam, 49, agreed to repay nearly $1,670,000. Prosecutors agreed to stipulate Andam would serve between 24 and 37 months in prison, though prosecutors will recommend the higher end of that agreement.

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Twitter News Widget

Trending Stories