The founder of a major sneaker resale company was arrested live on the internet. Adeel Shams, owner of CoolKicks, was taken into custody by the Los Angeles Police Department. The arrest happened during a public live stream from his Los Angeles store. Official booking records confirm the action.
A court date is now scheduled for October 23. The incident has sent shockwaves through the sneaker community. According to Complex, the event unfolded in real-time for viewers.
Details of the CoolKicks Raid and Arrest
The LAPD’s Bunco/Forgery Division led the operation. Officers raided the popular sneaker store. Shams was reportedly released from custody later that night.
In an official statement, CoolKicks addressed the raid. The company confirmed the LAPD impounded a small number of Nike sneakers. The merchandise was allegedly stolen. CoolKicks leadership stated this news was a complete shock.
The company emphasized it had no prior knowledge. They asserted the products were purchased in good faith. Law enforcement made no allegations that the goods were counterfeit.
Business Impact and Net Worth of Adeel Shams
The arrest puts a spotlight on the lucrative sneaker resale market. CoolKicks is a well-known player in this industry. The company quickly moved to reassure its customer base.
They stated that product integrity remains their highest priority. The brand expressed confidence that the truth would emerge. According to CEO Outlook Global, Adeel Shams has an estimated net worth of $9.5 million as of 2025.
The long-term impact on the business is still unclear. Such incidents can severely damage consumer trust in resale markets. The company vows its commitment to honest business remains unchanged.
The arrest of Adeel Shams highlights ongoing scrutiny in the sneaker resale industry. The upcoming court date on October 23 will be a critical moment for the CoolKicks brand and its founder.
Info at your fingertips
Who is Adeel Shams?
Adeel Shams is the founder of the sneaker resale company CoolKicks. He is a prominent figure in the sneaker community. His arrest during a live stream has drawn significant attention.
What was the reason for the arrest?
The arrest was related to an LAPD raid on the CoolKicks store. Police impounded Nike sneakers alleged to be stolen property. The company states it purchased the goods in good faith without knowing they were stolen.
What is Adeel Shams’ net worth?
Reports from CEO Outlook Global estimate his net worth at $9.5 million. This valuation is as of the year 2025. His wealth is tied to the success of his sneaker resale business.
What happens next in this case?
Adeel Shams has a court date set for October 23. The hearing will take place at the Los Angeles Superior Court. The case will proceed through the legal system from there.
Was the merchandise counterfeit?
CoolKicks has clarified that law enforcement made no allegations of counterfeit goods. The issue solely involves allegations that the sneakers were stolen. The company maintains it only sells authentic products.
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