LAPD Arrests CoolKicks Founder Adeel Shams on Felony Fraud Charges
The recent arrest of Adeel Shams, founder of CoolKicks, has captured significant attention online. This incident took place on October 2, 2023, around 4:45 p.m. local time, during a live stream event on the Whatnot platform.
LAPD Arrests CoolKicks Founder on Felony Fraud Charges
The Los Angeles Police Department (LAPD) executed a raid at the CoolKicks warehouse, resulting in Shams’ arrest. He was booked by the LAPD’s BUNCO/Forgery Division on felony fraud charges. The booking was logged at 6:32 p.m. on the same day.
Details of the Arrest
- Arrest Date: October 2, 2023
- Time of Arrest: Approximately 4:45 p.m. local time
- Booking Time: 6:32 p.m. on the same day
- Release: October 3, 2023, on own recognizance (OR) pending trial
- Charges: Felony fraud
- Bail Status: No bail set
According to the Los Angeles County Inmate Information Center, Shams was released early on the following day. While unverified videos suggested that officers may have confronted Shams and his staff at gunpoint, the LAPD has not confirmed these claims.
Background on CoolKicks
Founded in 2014 in Richmond, Virginia, CoolKicks began as a passion project for Adeel Shams during his time at Virginia Commonwealth University. The brand, which specializes in sneaker resale, shifted to Los Angeles in 2016, where it opened its notable storefront on Melrose Avenue.
Adeel Shams’ journey started with buying used sneakers, particularly Jordans, cleaning them, and reselling them. Over time, this venture evolved into a successful business. Despite his recent legal challenges, CoolKicks remains a well-known name in the sneaker resale market.
Ongoing Investigation
The LAPD’s BUNCO/Forgery Division’s involvement indicates a serious inquiry into potential fraudulent activities associated with CoolKicks. However, additional details regarding the raid and any items seized have yet to be disclosed.
The ongoing case continues to develop, and updates from the LAPD will be closely monitored by the public and media outlets alike.
