The founder of a popular\u00a0sneaker and apparel\u00a0retail company was arrested last week after authorities allegedly discovered thousands of stolen Nike items during a raid in Southern California.<\/p>\n
The Los Angeles Police Department said officers executed a search warrant Thursday at the CoolKicks warehouse in Santa Monica, working alongside several law enforcement agencies.<\/p>\n
Investigators reportedly recovered more than 2,100 pairs of Nike shoes and 150 cartons of Nike apparel valued at approximately $500,000.<\/p>\n
Adeel Shams, 34, the founder of CoolKicks, was arrested at the scene and booked on suspicion of receiving stolen property.<\/p>\n
He has since been released from custody, according to jail records.<\/p>\n
In a social media post, CoolKicks said news of the\u00a0stolen merchandise\u00a0it had purchased was a \u201ccomplete shock\u201d to the company.<\/p>\n
\u201cWe entered into this purchase in good faith, as we always have\u2014committed to running an honest business built on integrity and trust,\u201d the statement read.<\/p>\n
The company also said that no allegations have been made suggesting the products were counterfeit.<\/p>\n
The raid occurred while CoolKicks was livestreaming an auction on the WhatNot platform.<\/p>\n
Adeel Shams, 34, the founder of CoolKicks, was arrested at the scene and booked on suspicion of receiving stolen property. champagnepaki\/Instagram<\/p>\n
The Los Angeles Police Department said officers executed a search warrant Thursday at the CoolKicks warehouse in Santa Monica, working alongside several law enforcement agencies. LAPD<\/p>\n
Investigators reportedly recovered more than 2,100 pairs of Nike shoes and 150 cartons of Nike apparel valued at approximately $500,000. LAPD<\/p>\n
A pair of Jordans is displayed on the confiscated boxes outside the warehouse. LAPD<\/p>\n
Shams, who was on camera at the time, appeared startled and asked whether he was the victim of a\u00a0swatting incident.<\/p>\n
Shams is scheduled to appear in court later this month<\/p>\n
The investigation remains ongoing.<\/p>\n","protected":false},"excerpt":{"rendered":"The founder of a popular\u00a0sneaker and apparel\u00a0retail company was arrested last week after authorities allegedly discovered thousands of…\n","protected":false},"author":3,"featured_media":285778,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5123],"tags":[11307,1582,276,2961,224,5337,2983,65581,28393,1154],"class_list":{"0":"post-285777","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-los-angeles","8":"tag-arrests","9":"tag-ca","10":"tag-california","11":"tag-la","12":"tag-los-angeles","13":"tag-losangeles","14":"tag-nike","15":"tag-shoes","16":"tag-sneakers","17":"tag-us-news"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115337028244768447","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/285777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=285777"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/285777\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/285778"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=285777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=285777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=285777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}