Serial Thieves Swipe $2.5M in JCPenney Gold

As price climbs, all that glitters is gone in series of Calif. heists
By Rob Quinn,  Newser Staff
Posted May 14, 2008 11:17 AM CDT
Serial Thieves Swipe $2.5M in JCPenney Gold
Shoppers depart a JCPenney store in file photo. Police say the JCPenney gold thieves have been so brazen that they aren't deterred even when interrupted by janitorial staff.   (AP Photo/Seth Perlman, file)

California police are hunting a gang of gold thieves raiding JCPenney stores across the state, the Los Angeles Times reports. The gang has struck 11 times in 18 months to grab $2.5 million in jewelry, and they've been getting busier as the price of gold continues to climb. Cops aren't sure why the brazen thieves keep hitting JCPenney stores but suspect one of the culprits is an insider. (More gold prices stories.)

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