Michael Malekzadeh accepted more than $65 million in orders for sneakers he never delivered and then $15 million through fraudulently obtained bank loans for a total fraud of about $80 million, Assistant U.S. Attorney William McLaren said. Malekzadeh was sentenced to five years and 10 months in federal prison. Read more at https://www.oregonlive.com/crime/2026/01/sneaker-company-founder-faces-prison-for-80m-fraud-scheme.html?utm_source=facebook&utm_medium=social&utm_campaign=dhfacebook&utm_conte
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