Reseller Zadeh Kicks Leaves Customers With Millions in Outstanding Orders-NEWS SNEAKERS

One of many largest names within the sneaker resale world pulled the plug on his enterprise final week and seemingly scrubbed himself from social media yesterday, leaving clients with excellent orders mentioned to exceed thousands and thousands of {dollars} in complete.

Michael Malekzadeh, proprietor of Kicks LLC, filed to voluntarily dissolve the corporate on Could 19 within the circuit court docket of Lane county in Oregon, citing its fast progress as rendering him unable to keep up the enterprise. A message posted to its web site yesterday afternoon states {that a} court-appointed receiver, David P. Stapleton, has taken over dealing with of the LLC’s belongings.

The information unfold shortly on social media, with a whole bunch of Kicks clients coming ahead to share their experiences—a small quantity constructive, however the majority of them horror tales of quantities as excessive as six figures tied up within the LLC’s dissolution. As a result of Kicks operated primarily by providing preorders, patrons would pay months prematurely for the product, which means t. are nonetheless an untold variety of unfulfilled orders.

Whereas a lot of the discuss across the case hinges on hypothesis, these are the info we all know up to now.

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