Skip to content
Wealth

Nearly 60,000 Sneakers in $85 Million Ponzi Scheme to Go on Sale

Court-appointed receiver looks to unload shoes from Zadeh Kicks, whose owner is charged with fraud and money laundering.

The Nike Air Jordan XX3.

The Nike Air Jordan XX3.

Photographer: CHIP EAST

On clearance: 48,339 pairs of Nikes. And 4,746 Yeezys. And 4,626 Adidas.

In all, a neatly boxed 59,780 pairs of shoes — nearly enough to shod all of Palo Alto or Pensacola — from a man authorities have portrayed as the Bernie Madoff of sneakers.