Former Multinational Consulting Company Finance Director Convicted in Decade-Long Multi-Million Dollar Fraud and Money Laundering Scheme

Earlier today, at the federal court in Brooklyn, the defendant Jordan Khammar pleaded guilty to wire fraud and money laundering for his role in a decade-long scheme to defraud a multinational media, brand management, and consulting company and steal over $7.9 million. When sentenced, Khammar faces a maximum sentence of 20 years' imprisonment as well as restitution of at least $7.9 million in addition to $7.9 million in criminal forfeiture.

Joseph Nocella, Jr., United States Attorney for the Eastern District of New York, and Harry T. Chavis, Jr., Special Agent in Charge, Internal Revenue Service-Criminal Investigation, New York (IRS-CI), announced the guilty plea.

"For over a decade, the defendant betrayed his employer's trust and abused his access to its financial systems for side projects and personal gain," stated United States Attorney Nocella. "Our Office will relentlessly pursue justice for victims of economic crime and seek to hold accountable those who commit such offenses."

As set forth in court filings, Khammar was hired as a financial consultant in 2006 by a multinational media, brand management, and consulting company (Company-1). He eventually became Company-1's Finance Director with certain access to and control over a wide range of its financial accounts and systems including those tied to banking, accounting, bookkeeping, and payroll functions. Between January 2015 and May 2025, Khammar abused that access and control to engage in a scheme to defraud Company-1 out of millions of dollars. Specifically, during the ten-year period, Khammar initiated over 300 wire transactions sending himself more than $7.9 million that he was not entitled to from Company-1's bank account.

Khammar took multiple steps to conceal his scheme from Company-1 including by manipulating its books and records, circumventing internal controls, and limiting other employees' and consultants' access to the company financial systems and accounts. For example, Khammar created over 100 false entries in Company-1's general ledger to disguise his fraudulent wire transfers as purportedly legitimate payments for Company 1's expenses including corporate credit card bills, taxes, and costs associated with renovating its Brooklyn office.

Khammar wired most of the stolen money to an account held in the name of Olive Tree Ventures, Inc. (Olive Tree), a company that he founded, owned, and controlled. From the Olive Tree account, he dispersed a large portion of the funds to finance his independent business ventures including his media production company, Sideswipe Media, Inc., to purchase hundreds of thousands of dollars-worth of real estate in Florida and Ohio, and to further pay himself and a variety of personal expenses.

The government's case is being handled by the Office's Business and Securities Fraud Section. Assistant United States Attorneys Jonathan P. Lax and Dana Rehnquist are in charge of the prosecution, with assistance from Paralegal Specialist Liam McNett. Assistant United States Attorney Claire S. Kedeshian of the Office's Asset Forfeiture Section is handling forfeiture matters.

The Defendant:

JORDAN KHAMMAR
Age: 47
Columbus, Ohio

E.D.N.Y. Docket No. 25-CR-283 (AMD)