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The founder of a popular sneaker and apparel retail company was arrested last week after authorities allegedly discovered thousands of stolen Nike items during a raid in Southern California.

The Los Angeles Police Department said officers executed a search warrant Thursday at the CoolKicks warehouse in Santa Monica, working alongside several law enforcement agencies.

Investigators reportedly recovered more than 2,100 pairs of Nike shoes and 150 cartons of Nike apparel valued at approximately $500,000.

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Adeel Shams, 34, the founder of CoolKicks, was arrested at the scene and booked on suspicion of receiving stolen property. He has since been released from cu

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