May 16, 2022 Breaking News, Latest News, and Videos

Up To $1.5 Million Reward On Offer For Santa Monica Art Robbery Information:

A reward of up to $1.5 million is now being offered for information in the Santa Monica home heist where more than $10 million was stolen from the home of Jeffrey Gundlach, founder of DoubleLine Capital in Los Angeles.

Gundlach held a press conference today at 1 p.m. at his downtown LA office where he spoke of the increased reward that stems from the robbery that 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.

Thieves stole his red 2010 Porsche Carrera 4S, high-end art, and luxury watches while he was away on a trip.

Last week, an assistant for Gundlach announced a $200,000 no questions asked reward was being offered for information leading to the recovery of these stolen items and urged anyone with information to contact police.

Today, Gundlach announced he would offer a $1 million reward for the return, or information that leads to the return, of his Piet Mondrian painting if it is undamaged.

This oil painting is titled “Composition A En Rouge Et Blanc” and is from 1936.

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.

He said these two specific rewards would be on top of the $200,000 reward already on offer.

“Previously we had announced a $200,000 reward for information leading to the successful recovery of the artwork undamaged,” Gundlach said at the press conference. “That reward remains in place as an overarching reward for information leading to the successful recovery of the property in conjunction with this robbery.”

The investigation is ongoing and anyone with information regarding the burglary or the suspects involved can contact Detective David Haro at 310.458.8432 or Sergeant Henry Ramirez at 310.458.8453 or the Santa Monica Police Department (24 hours) at 310.458.8495.

in News
Related Posts

1221 Ocean Avenue Complex Sold For Record Price

May 16, 2022

May 16, 2022

Sold for a record price of $330 million. By Dolores Quintana The Irvine Company has sold 1221 Ocean Avenue to...

Office Construction Is Starting To Rise In Los Angeles

May 15, 2022

May 15, 2022

Property vacancies are still affecting growth.  By Dolores Quintana In March, the Los Angeles Metropolitan area had 3.2 million square...

Santa Monica City Council Selects Doug Sloan as New City Attorney

May 12, 2022

May 12, 2022

At its meeting this week, the Santa Monica City Council appointed Doug Sloan to serve as Santa Monica’s next City...

Landmark Theater Closing in Former Westside Pavillion

May 12, 2022

May 12, 2022

Theater will close at the end of month By Sam Catanzaro The Landmark Pico theater at the former Westside Pavillion...

Community Policing at the Heart of Beat Four

May 11, 2022

May 11, 2022

The Neighborhood Resource Officer (NRO) Program thrives through community involvement and collective work. Today we hear from Officer Aaron Alpert...

Santa Monica High School Among Top-900 Schools in Country

May 10, 2022

May 10, 2022

SAMOHI ranked 829 out of over 18,000 total schools By Staff Writer Santa Monica High School is among the top...

Pico Marketplace Changing Small Businesses Access to Retail Space: Santa Monica Beat – May 10th, 2022

May 10, 2022

May 10, 2022

Local news and culture in under 5 minutes.* Pico Marketplace Changing Small Businesses Access to Retail Space* Grunion Fish Seen...

Video: Westside E-Scooter Injury Rate High Than National Rate for Motorcycles

May 10, 2022

May 10, 2022

The Westside’s injury rate for e-scooters is higher than the national rate for motorcycles, a new study has found. Learn...

Douglas Sloan Set to be Santa Monica’s New City Attorney

May 9, 2022

May 9, 2022

Sloan would be first permanent person to hold post in two years By Dolores Quintana  The next Santa Monica City...

Santa Monica Releases 2022 Homeless Count Results

May 9, 2022

May 9, 2022

Number of unsheltered individuals increases 1 percent in first count since 2020 By Dolores Quintana and Sam Catanzaro The City...

Amazon Bringing 1,000 News Jobs to Santa Monica

May 6, 2022

May 6, 2022

Company signs a lease for a 200,000-square-foot space at the Water Garden  By Dolores Quintana Amazon.com intends to create 2,500...

LA Considering Emblem Program to License Cannabis Stores

May 6, 2022

May 6, 2022

Program would help Angelenos distinguish between licensed and unlicensed cannabis vendors and safe cannabis products By Dolores Quintana Members of...

Meet SMPD Beat Three Neighborhood Resource Officers

May 6, 2022

May 6, 2022

The Neighborhood Resource Officer (NRO) Program is based around the concept of community policing and collective involvement. Today we met...

McKinley Elementary School Awarded California Pivotal Practice Award

May 5, 2022

May 5, 2022

The Santa Monica-Malibu Unified School District has announced that McKinley Elementary in Santa Monica has been awarded the California Department...

UCLA Study Offers Strategy for Freeway Congestion Pricing That Reduces Burden on Low-Income Residents

May 5, 2022

May 5, 2022

Claudia Bustamante/UCLA Newsroom  Among transportation experts, congestion pricing is the gold standard policy for managing traffic on freeways and highways....