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$10 Million Worth Stolen Paintings Found, Two Men Arrested

Al & Ed’s Autosound store manager in Pasadena, 45-year-old Jay Jeffrey Nieto of Canyon Country, and San Gabriel resident, Wilmer Bolosan Cadiz, 40, were arrested Wednesday September 26, 2012 on suspicion of possessing stolen property.

A couple of weeks prior, a Santa Monica home was broken into and about $10 million worth of painting were stolen. In addition to the paintings, two wooden box art pieces, a red 2010 Porsche Carrera 4S, watches, wine and a small amount of cash was taken. The owner of the home discovered the break in when he returned home from being out of town and had offered a $1.7 million reward for a return of his stuff.

Through a tip, the police were led to Nieto and Cadiz. Pasadena police received a tip as to where the stolen art was being held and based on that, a search warrant was served at Al & Ed’s Autosound where most of the paintings were found.

Nieto was immediately arrested.

Additional information led detectives to a residence in San Gabriel where they arrested Cadiz.

He allegedly had four of the paintings.

Another painting turned up in Glendale and the person is under investigation.

Nieto was scheduled for a Friday arraignment at the Airport courthouse but records show he was released from custody.

The District Attorney’s Office didn’t file charges and sent the case back to police to further investigate. Cadiz was released from custody Thursday after posting $20,000 bail.

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