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FBI Joins Investigation into $20 Million Jewelry Heist in Los Angeles

Thieves tunneled through concrete walls, disabled security systems, and escaped with millions in gold and cash from family-run Love Jewels.

Overview

  • The burglary occurred Sunday night when thieves tunneled through a concrete wall from an adjacent vacant building into Love Jewels in downtown Los Angeles.
  • The suspects spent five to six hours inside, disabling security systems and breaching two safes containing cash, gold bars, and jewelry.
  • Initial estimates placed the loss at $10 million, but the store owners claim the value of stolen goods exceeds $20 million.
  • The FBI has joined the LAPD in investigating the heist, focusing on forensic evidence like fingerprints and DNA, but no arrests have been made yet.
  • Love Jewels, a family-run business with no insurance for the stolen items, has offered a $100,000 reward for information leading to the culprits.

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