California News

Sep 21, 2012 2:29 PM by The Associated Press

Victim of $10M theft offering $200,000 reward

SANTA MONICA, Calif. (AP) - A wealthy bond-fund manager is offering a $200,000 reward for the safe return of his multimillion-dollar art collection, Porsche and other high-end items stolen from his home Santa Monica home while he was out of town.

The Los Angeles Times (lat.ms/UxOEAH) reported Friday that Jeffrey Gundlach was the victim of the heist, which was discovered when he returned home.

Police say thieves made off with as much as $10 million in loot, including paintings by prominent artists Jasper Johns and Richard Diebenkorn.

They also took Gundlach's Porsche, some cash, pricey watches and expensive bottles of wine.

Gundlach, 52, is the founder of DoubleLine Capital in Los Angeles.

Police say the burglary took place sometime between Sept. 12 and Sept. 13, when Gundlach was in New York.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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