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The creator of a well-known sneaker and clothing retail business was taken into custody last week after authorities allegedly found thousands of stolen Nike products during a raid in Southern California.
The Los Angeles Police Department stated that officers carried out a search warrant on Thursday at the CoolKicks warehouse in Santa Monica, collaborating with multiple law enforcement agencies.
Investigators reportedly recovered more than 2,100 pairs of Nike shoes and 150 cartons of Nike apparel valued at approximately $500,000.
At CoolKicks, located on Melrose Avenue in Los Angeles, CA, there are more than 2,000 shoe selections, most of which are Nike.
“We entered into this purchase in good faith, as we always have—committed to running an honest business built on integrity and trust,” the statement read.
The company also said that no allegations have been made suggesting the products were counterfeit.
The raid took place while CoolKicks was live streaming an auction on the WhatNot platform. Shams, who was on camera at the time, seemed surprised and questioned whether he was the target of a swatting event.
An employee at the sneaker shop CoolKicks, on Melrose Avenue in Los Angeles, California, wears a chain with the company logo, photographed on Friday, September 22, 2023.
