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LAPD Recovers $3.9M in Stolen Goods, Dismantling South American Cargo Theft Ring

Two suspects were arrested, and stolen bitcoin mining equipment worth $2.7 million was intercepted before being shipped to Hong Kong.

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Overview

  • Los Angeles Police Department led a collaborative investigation with port, rail, and airport police, recovering $3.9 million in stolen goods.
  • Recovered items included $2.7 million in bitcoin mining equipment destined for Hong Kong and $1.2 million in goods like tequila, coffee, and pet food.
  • Two suspects, identified as Oscar David Borrero-Manchola and Yonaiker Rafael Martinez-Ramos, were arrested and linked to a South American crime ring.
  • The operation involved search warrants at storage facilities in the San Fernando Valley and disrupted the theft ring's logistics.
  • The investigation remains active, with law enforcement pursuing additional suspects and potential arrests expected.