Nike faces SEC probe over illicit payment claim - Bloomberg

FILE PHOTO: The Nike swoosh logo is seen outside the store on 5th Ave in New York, New York, U.S., March 19, 2019. REUTERS/Carlo Allegri

(Reuters) - 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.

The SEC investigation on Nike was confirmed by Scott Wilson, a former lawyer who represented Nike, on the witness stand, Bloomberg said https://www.bloomberg.com/news/articles/2020-01-29/nike-being-probed-by-sec-on-illicit-payment-claim-jury-told .