Yesterday, Good Kicks broke the information that Michael Malekzadeh and Bethany Mockerman of Zadeh Kicks plead responsible to federal fees of Wire Fraud and Conspiracy to Commit Financial institution Fraud. Malekzadeh and Mockerman have been indicted in 2022 following the voluntary dissolution of Zadeh Kicks LLC.
This morning, Good Kicks completely acquired an announcement from Malekzadeh’s counsel, Michelle Kerin of Angeli & Calfo, about his guity plea.
Over the previous three years, Michael Malekzadeh has carried out every little thing in his energy to just accept accountability for his wrongdoing and make issues proper with the individuals who trusted him.
In early 2022, Mr. Malekzadeh took the extraordinary step of turning himself in to the FBI earlier than any investigation had even begun.
To maximise the victims’ restoration, he had hundreds of thousands of {dollars}’ price of things and money delivered to the federal authorities. And he voluntarily filed for a civil receivership for his firm, Zadeh Kicks, to verify the corporate’s belongings have been preserved and pretty distributed to victims. Mr. Malekzadeh absolutely funded the receivership and supplied extraordinary cooperation to the receiver over the previous 3 years, leading to victims and collectors recovering hundreds of thousands of {dollars}.
Yesterday’s responsible plea was the newest step in Mr. Malekzadeh’s three-year, single-minded mission to make amends for what he did fallacious. Even after his legal sentence is imposed, Mr. Malekzadeh will proceed that effort.
Michael Malekzadeh is scheduled to be sentenced on August 12, 2025. Bethany Mockerman is scheduled to be sentenced on August 26, 2025.
Good Kicks has remained dedicated to the protection of the story and offering the reality from all views. Our investigative piece The Rise and Multi-Million Greenback Fall of Zadeh Kicks outlined the historical past of the Zadeh Kicks enterprise initially revealed in June of 2022.
