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Wilmer Bolosan Cadiz (left) and Jay Jeffrey Nieto were arrested Wednesday, Sept. 26 in connection to the stolen Santa Monica art works.
SMPD
Wilmer Bolosan Cadiz (left) and Jay Jeffrey Nieto were arrested Wednesday, Sept. 26 in connection to the stolen Santa Monica art works.

News, Santa Monica, Police Department

Two Men Arrested In Connection To $10 Million Santa Monica Home Heist

Several of the paintings stolen from the Santa Monica residence between Sept. 12-14 while the victim was away on a trip.
SMPD
Several of the paintings stolen from the Santa Monica residence between Sept. 12-14 while the victim was away on a trip.

Posted Sep. 27, 2012, 12:30 pm

Brenton Garen / Editor-in-Chief

Two men have been arrested in connection to the Santa Monica home heist where more than $10 million of high-end art was stolen from the home of DoubleLine Capital founder Jeffrey Gundlach earlier this month.

One of the men, Jay Jeffrey Nieto, is the manager of Al & Ed's Autosound located at 30 S. Rosemead Boulevard in Pasadena.

On Wednesday, Sept. 26, investigators from the Santa Monica Police Department were contacted by members of the Pasadena Police Department who received a tip concerning where the stolen art from Santa Monica was being held.

Based on the information received, Santa Monica's investigators, with the assistance of the Pasadena Police Department, responded to Al & Ed's in Pasadena to serve a search warrant.

During the subsequent search, most of the paintings were recovered and one suspect was arrested for possessing stolen property.

He was identified as 45 year old Jay Jeffrey Nieto, of Canyon Country, the manager of the Pasadena Al & Ed's.

As the investigation continued, additional information was developed that led Santa Monica investigators to a residence in the City of San Gabriel.

There the investigators contacted and later arrested 40-year-old Wilmer Bolosan Cadiz for possessing stolen property; he was in possession of four of the stolen paintings.

The last painting was recovered as investigators learned it had been transported to a residence in Glendale. The subject in possession of this painting has been interviewed and is cooperating with investigators.

The arrests come just two days after Gundlach offered a reward of up to $1.5 million for the safe return of several of the most expensive pieces.

He announced a $1 million reward on Monday afternoon for the return, or information that leads to the return, of his Piet Mondrian painting if it is undamaged called “Composition A En Rouge Et Blanc.”

He said he would also offer an additional $500,000 reward for the successful return, or information that leads to the return, of his Jasper Johns painting called Green Target from 1956, stating it too must be undamaged.

It is not clear if either of these pieces were among the recovered art.

The robbery took place sometime between Wednesday, Sept. 12 at 3 p.m. and Friday, Sept. 14 at 8 p.m. in the residence on the 500 block of 12th Street in the north of Montana neighborhood.

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Comments

Sep. 27, 2012, 2:49:59 pm

south of Wilshire said...

Brenton, don't be douchey by using that "north of Montana neighborhood" terminology. Everyone who lives in SM knows that the 500 block of 12th is a "neighborhood north of Montana". We get it. He's rich and most people who live in the "north of Montana neighborhood" are too. Adding that term just makes you sound smug.

Sep. 27, 2012, 8:21:24 pm

stewart said...

yeah brento, dont be whachmacall it, like 'so side willy ' said, I view my art on the newspapers they post over mens urinal in the bars on main street myself, and nobody ever thinks of stealing those, so lets not ever dream of articulating that SM is class divided by nor or south of montana, as some sort of economic class divide ...

Sep. 28, 2012, 2:27:57 am

Brenton Garen - Editor-In-Chief said...

Santa Monica is split up into many distinct neighborhoods -- Downtown, Ocean Park, Pico, Sunset Park, and Montana to name a few. By saying the residence is located in the north of Montana neighborhood is doing nothing more than giving clarification to which part of Santa Monica the robbery took place, especially for online readers where the 500 block of 12th Street location may not be easily recognizable.

Sep. 29, 2012, 5:05:51 am

HarveyMushman said...

@south of Wilshire Relax chucklehead...

Sep. 30, 2012, 6:56:54 am

P thomson said...

Posting photos of accused people: It seems wrong to convict a person by showing a portrait before a trial has taken place. Couldn't a lawyer for the accused claim unfair practice by doing so and thus demand a mistrial by prejudging the public - even tho initial evidence appears complete?

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