Nike Sues Former Employees in Promotional Sneaker Sales Scheme
Keating allegedly purchased various shoes from Yamaguchi that ranged from $5,000 to $30,000 via a wire transfer to Yamaguchi’s bank account, according to court documents. When the price was higher, Keating is believed to have traveled to Portland, Ore., and taken out cash from various bank branches to pay Yamaguchi. Upon receiving the payment, Yamaguchi shipped the sneakers to Keating’s home. Keating is believed to have sold the sneakers to various shoe boutiques across the country. Between November 2012 and July 2013, Keating’s account had $221,320 worth of cash deposits and fund transfers.
Amanda L. Cole is the editor-in-chief of NonProfit PRO. She was formerly editor-in-chief of special projects for NonProfit PRO's sister publication, Promo Marketing. Contact her at acole@napco.com.