By Oregon Small Business Association
A former Nike marketing manager has been sentenced to 31 months in federal prison for wire fraud, money laundering, and making false statements on a loan application.
Federal prosecutors say Errol Amorin Andam, who worked at Nike from 2001 to 2018, embezzled more than $1.4 million from his former employer by funneling work to create pop-up stores to a friend’s company, according to Oregon Public Broadcasting. He later defrauded his childhood friend by diverting credit card payments sent to California into his own account in Oregon.
He also submitted a false financial statement for a mortgage loan application and forged his friend’s signature, according to prosecutors. He pleaded guilty.
The IRS seized $212,838 in money Andam had made from his illegal activities. He also was ordered to pay more than $1.6 million in restitution.
Disclaimer: Articles featured on Oregon Report are the creation, responsibility and opinion of the authoring individual or organization which is featured at the top of every article.