Nike Employee Just Did It and Then Got Caught
Errol Andam, a former Nike marketing manager, has been charged with wire fraud, money laundering and making false statements on a tax return.
Andam managed the design, build-out and operation of pop-up retail venues for Nike, and in 2016 recruited a childhood friend to establish a company to design and build the venues for the company. Andam made sure his friend’s company was consistently awarded the contracts for these jobs, then proceeded to control his friend’s company’s financial operations, including invoices to Nike.
Andam created an alter ego, “Frank Little” to handle the Nike account and his friend’s Square credit card processing account, where Nike funds were deposited. He then had the funds from Square diverted to his own LLC.
As he got bolder, Andam began having sales at the pop-ups diverted directly into his own company. From 2016 to 2018 Andam diverted and embezzled almost 1.4 million dollars
He faces a maximum prison sentence of 30 years and fines of up to 4.5 million dollars.
About the Author
Gregory McCauley Jr., Esq.
Tax Attorney · Villanova University School of Law · Admitted in Delaware, New Jersey, United States Tax Court
Gregory McCauley Jr. is an experienced tax attorney who has personally represented more than 1,000 clients in matters ranging from civil tax controversy and IRS examinations to criminal tax defense, U.S. Tax Court litigation, and complex business disputes. His practice is built on a foundation his c...
