Fed accuses former Naik employee Errol Endem of cheating $ 1.4 million


The US Attorney’s Office in the Oregon District says that Nike, a former longtime, took several steps to defraud the company of about $ 1.5 million over a two-year period.

According to a press release, Errol Amorin Andam has been charged with wire fraud, money laundering and making false statements on a loan application. Andam, who worked from the brand in 2001 until it expires in 2018, was most recently a North American retail brand marketing manager, a position that put him in charge of setting up promotional pop-up events. The Feds say that Andam used these events to carry out his fraudulent scheme.

In the summer of 2016, Andam is said to have hired a childhood friend as an independent contractor to help build the pop-up. Unaware of Naik, Andaman was financially involved in his friend’s company and would send invoices to the brand through a fake name, Frank Little.

During pop-up events, Andam reportedly sold a Square credit card to both Naik and his friend via a reader for his friend’s company, stating that Nike owed the build-out The fee was reimbursed for. Instead, Andaman will reportedly keep the money for himself, invoicing Naik for the entire amount under the name Frank Little.

Andam is said to have used a defunct LLC as a shell company to add approximately $ 1.5 million in Naik’s proceeds to his accounts. The loan application fee is related to the July 2018 effort to secure a residential mortgage loan. He now faces up to 30 years in federal prison with a fine of $ 30 million.

Naik issued the following statement on the case: “Naik’s internal investigation team uncovered Mr. Andam’s activity in 2017 and after his removal from the company, we handed over the evidence to the US Attorney. It is unfortunate that Mr. Andam, who had a job that allowed him to reach some of the sport’s most exciting events in the world, opted to rely on him. We would like to thank the US Attorney for its efforts on this matter. ‘

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