‘Insatiably Greedy’ Shoe Seller Masterminds $80,000,000 Fraud, Uses Customer Funds To Fuel Lavish Lifestyle: DOJ

An Oregon shoe reseller orchestrated a sweeping fraud scheme that cost customers and banks more than $80,000,000, according to the U.S. Department of Justice. Prosecutors say 42 year-old Michael Malekzadeh, the former owner of now-defunct Zadeh Kicks LLC, abused customer funds to finance a lavish lifestyle that included luxury watches, jewelry, handbags and high-end vehicles […]
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