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.
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The sentencing signaled the end of a case ...