CoolKicks CEO Adeel Shams Arrested in LAPD Raid for Allegedly Receiving Stolen Property
KTLA 5October 3, 20253 min850,054 views
11 connections·13 entities in this video→LAPD Raid on CoolKicks Warehouse
- 🚨 LAPD officers raided a CoolKicks warehouse in Santa Monica on Thursday, leading to the arrest of four individuals.
- 🎯 Among those taken into custody was Adeel Shams, CEO and co-founder of the popular sneaker retailer.
- 💰 Shams was booked on a felony charge of receiving known stolen property valued over $950.
CEO's Live Stream Interrupted
- ⚡ Adeel Shams was live-streaming an auction of merchandise when police closed in for the operation.
- ❓ Initially, Shams believed the situation was a swatting hoax, but it turned out to be a genuine law enforcement action.
CoolKicks Statement on Allegations
- 💬 CoolKicks released a statement expressing shock, asserting that the company had no knowledge the impounded Nike sneakers were stolen.
- ✅ The company stated they purchased the merchandise in good faith and are committed to running an honest business.
- ⚠️ It was clarified that there were no allegations of counterfeit products made by law enforcement.
Background of CoolKicks
- 👟 CoolKicks, located on Melrose Avenue, is a well-known buy, sell, and trade sneaker shop.
- 📈 Adeel Shams started the business 15 years ago, turning a hobby of buying and selling Jordans into a successful enterprise.
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CoolKicks LAAdeel ShamsLAPD RaidReceiving Stolen PropertySneaker RetailMelrose AvenueSanta MonicaLive StreamSwatting HoaxNike SneakersCounterfeit GoodsCommercial Crimes Unit
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