Overview

• LAPD Commercial Crimes and Bunco/Forgery units executed a search at a CoolKicks Santa Monica warehouse during a Whatnot livestream, detaining four people.
• CEO Adeel Shams was booked on a felony count of receiving known stolen property valued at more than $950 and was released after booking.
• Authorities seized dozens of Nike sneakers during the operation, according to police.
• CoolKicks said the shoes were bought within the previous 48 hours in good faith and stated law enforcement has not alleged counterfeiting.
• Shams is scheduled to appear in Los Angeles Superior Court on October 23 as the investigation remains active and online scrutiny intensifies.