CoolKicks CEO Arrested in LAPD Raid Over Alleged Stolen Sneakers
CoolKicks, a renowned sneaker destination in Los Angeles, has recently been in the news following a raid by the LAPD. The retailer's CEO, Adeel Shams, was arrested on a felony charge but later released. He is due to appear in court on October 23.
The raid took place at the company's warehouse on Stewart Street in Santa Monica. Officers seized dozens of Nike sneakers, but it's important to note that there are no allegations that these sneakers are counterfeit. CoolKicks has issued a statement denying any knowledge of stolen sneakers and reaffirming its commitment to honest business practices.
The company is accused of buying stolen shoes, with employees being detained during the raid. CoolKicks is known for selling rare and collectible sneakers, with prices often reaching thousands of dollars. However, specific price information for Nike sneakers at their Melrose Avenue store is not readily available.
The investigation into CoolKicks' business practices continues. Adeel Shams' court appearance on October 23 will provide further updates on the situation. Despite the allegations, CoolKicks maintains its innocence and promises to cooperate fully with the authorities.
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