January 30, 2013

Gundlach Art Theft: Case against suspected art thieves slowly working its way through the court appearances

Last September thieves broke into the Santa Monica home of financier Jeffrey Gundlach and stole, amongst his possessions, some very valuable paintings.  Two weeks later, on the other side of Los Angeles County, with the cooperation of various law enforcement agencies, the paintings were recovered and the arrests began.  By early January, six people had been charged in the theft and appeared in court to plead "not guilty" (this is called an arraignment).  A preliminary hearing is scheduled for February 6 at 9 a.m. in Department 142 at the Airport Branch of the Los Angeles Superior Court.  This appearance in court is a just a proceeding to determine if there is sufficient evidence to require a trial.

This theft and recovery of these multimillion dollar paintings seem less glamorous than art thieves  portrayed in the media.  You can read all about art thieves and the media in a piece by Katie Ogden (ARCA 2009) on the ARCA blog here.

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