Well, that was quick. Two suspects, Jay Jeffrey Nieto and Wilmer Cadiz, were arrested after a tip led investigators to the $10 million booty stolen from the home of Jeffrey Gundlach, chief executive officer of DoubleLine Capital, the Los Angeles Times reports.
"The focus was on recovering the artwork, and it was all recovered," Gundlach told the pub. "The thieves had worked on moving the property, but we were able to get a good lead and apprehend them. It's a great day for the art world."
In addition to the art, the thieves also stole expensive watches, rare bottles of wine and his red 2010 Porsche Carrera, which is still at large. Gundlach suggested that: "Maybe whoever has it will drive to a Ralphs parking lot and just drop it off and end this."
Gundlach had offered $1 million for the return of his art collection, including a Mondrian painting called "Composition (A) En Rouge Et Blanc." It was not clear whether the reward money would be paid to the person who provided the tip that led to the arrests.
What is clear is that Gundlach will now keep a closer eye on his prized possessions. "There have been many upgrades to security, and armed guards are now on the property," he said.
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