Los Angeles Police Department
Authorities in California say they have recovered an estimated $500,000 worth of stolen cargo including Nike shoes and apparel, and arrested the CEO of online reseller Coolkicks.
The Los Angeles Police Department said in a statement Monday that its Commercial Crimes Division and Cargo Theft Unit detectives executed a search warrant Thursday at a warehouse on the 1700 block of Stewart Street in Santa Monica, with assistance from Union Pacific Railroad Police, Los Angeles Port Police and the District Attorney’s Office.
The search allegedly turned up an estimated $500,000 worth of stolen train cargo, including more than 21,000 pairs of Nike shoes and 150 cartons of Nike apparel, some of which was unreleased…