A former marketing executive of Nike in charge of temporary retail venues until 2018, Errol Andam, admitted at a U.S. Attorney General office that he had made false statements and committed wire fraud and money laundering through various schemes that defrauded the company of $1.49 million, according to The Oregonian. Andam, who was arrested at the beginning of February, faces 24 to 37 months in prison, in addition to the restitution of this amount, plus another $173,172 owed to another company.