India, Oct. 4 -- Adeel Shams, the founder of the popular sneaker resale brand CoolKicks, was arrested during a live stream after Los Angeles Police Department officers raided the store, according to a report from Complex. The LAPD's Bunco/Forgery Division led the arrest, official booking records confirm.

Shams was reportedly released at midnight, and a court date has been set for October 23 at the Los Angeles Superior Court.

In a statement to HT.com, CoolKicks confirmed that the LAPD "impounded a small allotment of Nike sneakers that CoolKicks purchased and received within the last 48 hours, alleging that the merchandise was stolen. This news came as a complete shock to our entire team."

"Neither CoolKicks leadership, nor our staff, ha...