Large Scale Sample Theft Ring Hits Nike Campus

Have you ever wondered how those rare PEs, samples and friends and family exclusives hit the resale market? This developing story may answer at least some of those questions.

Last week, an elaborate scheme involving a Nike employee, a former Nike employee, and a third individual came to light. The details we have are as follows:

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[L-R: Jason Michael Keating, Tung Ho, Kyle Yamaguchi]

Jason Michael Keating, of Florida, was arrested and charged with recieving stolen property, aka, sample sneakers.

Tung Ho, who worked as a promo product manager and was able to order sample shoes, was seen under surveillance leaving Nike’s campus with samples and arriving at a self-storage facility to unload boxes believed to hold shoes.

* Kyle Yamaguchi, who held the same position as Ho for five years prior to leaving Nike in the spring of 2012, recieved large cash deposits and funds transfers from Keating’s account to the tune of at least $221,000, which he told bank investigators was recieved for a large shoe collection he was selling on behalf of another individual.

* Between November 2012 and March 2013, checks totaling $104,000 were written by Yamaguchi to Ho.

* Following a search of Ho’s home, close to 1,950 pairs of Nike’s were siezed, along with a large amount cash. Ho has admitted to stealing several hundred pairs of samples from Nike. He explained that he would order samples from China, then sell them on eBay or through Yamaguchi.

* Ho and Yamaguchi have not been arrested.

 

Nike has begun to take their own measures in this case, filing a federal lawsuit against five individuals:

* Former Nike employees Kyle K. Yamaguchi, Tung W. Ho and Denise W.C. Yee, have all been been named, as well as Yamaguchi’s wife, Shu-Chu Yamaguchi, and the previously arrested Jason M. Keating.

* Among the allegations, the lawsuit alleges trademark infringement, fraud, and breach of contract.

* The scheme, according to the complaint, dates all the way from 2006 to 2014.

 

* via Sole Collector
http://solecollector.com/news/theft-ring-hits-nike1/#ixzz30PzHkIOk

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