Zadeh Kicks Founder Sentenced to 70 Months for Sneaker Fraud

The founder of sneaker reseller Zadeh Kicks was sentenced to almost six years in prison for a fraud conspiracy that led to the infamous collapse of the online platform and $80 million in losses for customers and financial institutions.

Michael Malekzadeh, 42, was sentenced Tuesday in Eugene, Oregon, to 70 months behind bars and ordered to forfeit more than $15 million in assets, federal prosecutors said in a statement. Last year, Malekzadeh pleaded guilty to wire fraud and bank fraud.

Read More: Sneaker Fraud Mastermind Pleads Guilty to $80 Million Scheme

The sentencing signaled the end of a case ...