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CoolKicks Founder Adeel Shams Arrested During Live Auction

10/4/2025

27 5 Full Breakdown

Summary

Story summary

Adeel Shams, founder of CoolKicks, was arrested October 2, 2023 during a live auction.
LAPD's BUNCO/Forgery Division conducted the raid.
Eyewitnesses say the raid was captured live; Shams initially suspected a swatting prank.
He faces felony charges for receiving stolen property valued over $950 and fraud.
Court date is October 23, 2023; investigation continues.

History

Historical Context

The Violent Crime Control and Law Enforcement Act, enacted in 1994, aimed to combat organized crime and fraud in the U.S. Adeel Shams, founder of CoolKicks, now faces felony charges for receiving stolen property valued over $950. This incident underscores persistent issues of theft and fraud in retail, prompting renewed scrutiny of auction practices and online marketplace integrity.

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Story summary

Adeel Shams, founder of CoolKicks, was arrested October 2, 2023 during a live auction.
LAPD's BUNCO/Forgery Division conducted the raid.
Eyewitnesses say the raid was captured live; Shams initially suspected a swatting prank.
He faces felony charges for receiving stolen property valued over $950 and fraud.
Court date is October 23, 2023; investigation continues.

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