Supercars, $300,000 and three guns: LAPD busts wild $5M cargo theft ring

"Cops in Los Angeles on Wednesday arrested five people in Corona on shocking charges of operating a multi-million dollar cargo theft ring. The LAPD said the suspects were collared in a long-running investigation that focused on a series of thefts targeting cargo and container chassis, which carry shipping containers for big-rig trucks. Cops, along with three other agencies executed search warrants on the suspects Wednesday and discovered an eye-popping amount of allegedly stolen loot."

"In all, cops seized some $5 million worth of ill-gotten schwag, police said. Officers impounded 84 stolen container chassis, 11 tractors, 25 vehicles, six all-terrain vehicles and two heavy-duty forklifts believed to be associated with fraudulent vehicle identification numbers, according to the LAPD. Cops also confiscated more than $300,000 in cash, three guns and multiple digital devices, cops said."

"The LAPD's Commercial Crimes Division Cargo Theft Task Force worked with the Los Angeles Port Police, California Department of Justice Tax Recovery in the Underground Economy Program (TRUE) and the California Department of Motor Vehicles Investigations Division on the investigation. "Through this collaborative enforcement effort, the total estimated value of recovered property exceeds $5 million," said LAPD officials in a statement. "This investigation is ongoing and further arrests are expected.""

The LAPD arrested five people in Corona accused of operating a multi-million-dollar cargo theft ring that targeted cargo and container chassis used to carry shipping containers for big-rig trucks. Search warrants executed with three other agencies recovered more than $5 million in allegedly stolen property, including 84 stolen container chassis, 11 tractors, 25 vehicles, six all-terrain vehicles and two heavy-duty forklifts believed to have fraudulent vehicle identification numbers. Officers also seized over $300,000 in cash, three guns, multiple digital devices, and an array of luxury and sports cars. The five suspects face felony grand theft charges, were released with court dates next month, and investigators expect further arrests.

Read at California Post