BEAVERTON, ORE. — A Nike executive who was fired in 2014 has been indicted on federal charges, accusing him of defrauding his former employer by using its software to grant two outside companies he operated significant discounts.
David Reichert, while employed by the brand, was managing the accounts of his two outside athletic apparel companies with Nike, unbeknownst to the Oregon-based sportswear company.
The indictment alleges Reichert hid his ownership roles in the two other companies by forging the signature of his business partner on checks paid to Nike for merchandise. According to court documents, Reichert worked for Nike for nearly 15 years.
