Self-dealing ex-Nike exec gets 13-month sentence

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A former Nike salesman was sentenced to 13 months for landing, then reselling, heavily discounted merchandise for resale. David Reichert of St. Louis resold the goods through two companies he co-owned. The 51-year-old, according to the Department of Justice, “sold licensed apparel—Nike-brand clothes and accessories emblazoned with team names and logos—to retailers throughout the Midwest.” Reichert had previously pleaded guilty to two counts of wire fraud on April 25. The embezzlement totals…

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Self-dealing ex-Nike exec gets 13-month sentence