Michael Malekzadeh, founder of Zadeh Kicks, has been sentenced to 70 months in prison for a sneaker fraud conspiracy. He pleaded guilty to wire and bank fraud, admitting he took pre-orders knowing he couldn't fulfill them, causing over $65 million in losses to customers and $15 million to financial institutions. Malekzadeh also agreed to forfeit over $15 million in assets, including luxury goods and vehicles, to pay restitution.