Tag: Financial Crime

The 0 Million Sneaker King Comes Undone

The $300 Million Sneaker King Comes Undone

Listen to article (2 minutes) Self-described sneakerheads bidding up prices for limited-edition kicks sold online have created profits for tens of thousands of entrepreneurial kids and adults. In nine years, Michael Malekzadeh outpaced the crowd to become an American sneaker celebrity. He made more than $300 million in the sneaker resale market, where scarcity and […]

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