298
Fashion Jobs
H&M
Total Rewards Manager, Supply Chain
Permanent · TSIM SHA TSUI
H&M
Accounts Specialist
Permanent · TSIM SHA TSUI
ESTÉE LAUDER COMPANIES
Assistant Demand Planning Manager
Permanent · HONG KONG
ESTÉE LAUDER - BRAND
Retail Marketing Manager, Estée Lauder
Permanent · HONG KONG
CLINIQUE
Assistant Education Manager, Clinique
Permanent · HONG KONG
CLINIQUE
Senior Marketing Manager, Clinique
Permanent · HONG KONG
TOMMY HILFIGER
Senior Manager, Creative Services, Tommy Hilfiger Asia Pacific
Permanent · HONG KONG
AESOP
Retail Consultant
Permanent · SHA TIN
NEWELL
Senior Manager, Indirect Sourcing
Permanent · HONG KONG
L'OREAL GROUP
Group Product Manager
Permanent · HONG KONG
ADIDAS
Senior Manager, Materials Availability Management
Permanent · HONG KONG
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
PUMA
Manager Innovation Technical Apparel
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
Permanent · HONG KONG
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Hysan Place
Permanent · CAUSEWAY BAY
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Yoho Mall
Permanent · HONG KONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
Permanent · TSIM SHA TSUI
KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
L'OREAL GROUP
Retail And Education Manager
Permanent · HONG KONG
TORY BURCH
Senior Manager, Retail Training, Asia
Permanent · HONG KONG
By
Reuters API
Published
Jan 30, 2020
Reading time
2 minutes
Download
Download the article
Print
Text size

Nike faces SEC probe over illicit payment claim

By
Reuters API
Published
Jan 30, 2020

A lawyer for Michael Avenatti told a jury that Nike Inc was being probed by the U.S. Securities and Exchange Commission (SEC) over claims that it made illicit payments to elite youth basketball players, Bloomberg reported on Wednesday.


Nike


The SEC investigation on Nike was confirmed by Scott Wilson, a former lawyer who represented Nike, on the witness stand, Bloomberg said.

The investigation was disclosed at the extortion case of Avenatti, who is charged with threatening to publicize accusations that Nike illegally paid families of college basketball recruits unless the apparel company paid him and another lawyer $15 million (11.41 million pounds) to $25 million (19.02 million pounds) to conduct an internal probe.

He is also charged with defrauding his client Gary Franklin, a coach in a Nike-sponsored youth basketball league, by concealing a settlement offer made by Nike, and using the coach's accusations to extract riches for himself.

Nike and the U.S. SEC did not immediately respond to requests for comment.
Avenatti became famous for representing adult film actress Stormy Daniels in lawsuits against U.S. President Donald Trump.

Avenatti's lawyer, Howard Srebnick, said the Justice Department, which started an earlier investigation of Nike and competitor Adidas AG , had handed over evidence to the U.S. SEC, according to the Bloomberg report.

In the opening argument at the extortion trial, Srebnick countered federal prosecutor's claims that Avenatti was bent on a big payday when he demanded millions of dollars for himself from Nike.

He said that Avenatti was simply fighting for "a client who wanted justice" by exposing corruption in youth basketball, and who wanted a high-profile lawyer to help him.

The trial could last 2-1/2 weeks, and Avenatti could face more than 40 years in prison if convicted.


 

© Thomson Reuters 2024 All rights reserved.