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Ex-Nike Manager Pleads Guilty to Scam Involving Phony Mortgage

A former Nike manager accused of defrauding the company of almost $1.5 million has pleaded guilty to charges that include bogus mortgage paperwork. So reports Portland Business Journal.

nike 311452 1280Errol Andam, who oversaw Nike’s pop-up marketing venues, agreed to plead guilty to submitting a false mortgage application as well as wire fraud and money laundering.

Andam reportedly faces up to 37 months in prison.

Read the full article from Portland Business Journal.

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