Help a bond trader recover his Carrera 4S....

Geneman · Geneman's Garage

JUST FYI...

Victim offers $200,000 reward for stolen art, car worth $10M
Published September 21, 2012
Associated Press
SANTA MONICA, California – A wealthy bond-fund manager who lost his expensive Porsche and irreplaceable paintings by Jasper Johns, Richard Diebenkorn and other prominent artists to burglars is offering a $200,000 reward for their safe return.
Jeffrey Gundlach returned to his Santa Monica home from a business trip earlier this month to find bare walls where the paintings by Johns, Diebenkorn, Piet Mondrian, Guy Rose and Hanson Duvall Puthuff had once hung, the Los Angeles Times reported Friday (lat.ms/UxOEAH).
The thieves also lifted expensive watches and pricey bottles of wine, as well as some cash. They apparently then drove off in Gundlach's red 2010 Porsche Carrera 4S, closing the garage door behind them.
Police estimate they got away with $10 million worth of loot.
The item that had the most sentimental value to Gundlach, the Times reported, was Mondrian's "Composition (A) en Rouge et Blanc." The 52-year-old bond-fund manager admired the image with its prominent double lines so much that he borrowed it for his investment firm, DoubleLine Capital of Los Angeles.
Police believe the burglars struck sometime between Sept. 12 and Sept. 13 while Gundlach was in New York on a business trip. They have declined to say if they believe his house was targeted or if he was a random victim.

Read more: Victim offers $200,000 reward for stolen art, car worth $10M | Fox News

mreid · 09-22-2012, 05:12 AM

Part of the new wealth redistribution strategy.

masraum · 09-22-2012, 05:19 AM

Really?

recycled sixtie · recycled sixtie's Garage

It makes me wonder how they got by his security system? It also makes me wonder does he leave a spare set of keys for the Porsche lying around the house? Is it that easy to steal a P car without a set of keys? It will be very hard for the thieves to sell works of art.

azasadny · azasadny's Garage

Inside job....

speeder · speeder's Garage

Quote:

Originally Posted by recycled sixtie

It makes me wonder how they got by his security system? It also makes me wonder does he leave a spare set of keys for the Porsche lying around the house? Is it that easy to steal a P car without a set of keys? It will be very hard for the thieves to sell works of art.

Only if they're rank amateurs. And they are not. It will be very easy to sell the art, in fact it was probably pre-sold before the heist. Same with the car. The entire haul is probably in a container at the port, heading for China.

And everyone leaves their car keys laying around the house. They were probably in the ignition. The reward has nothing to do with the car, he could care less about getting that back.

BE911SC · 09-22-2012, 07:25 AM

Quote:

Originally Posted by azasadny

inside job....

+1

svandamme · svandamme's Garage

he had borrowed it from his firm.. i say he was about to retire and would had to give it back..
now he has it in some kind of hidden panic room in one of his other houses. And he'll be going there with a really good old Whiskey and go" the Precious is all miiiine, just for me aloooone"
There will probably be a box of tissue paper in that room as well so those double lines don't get smudged.

widgeon13 · 09-22-2012, 07:35 AM

Poor boy.

No sympathy from me.

cstreit · cstreit's Garage

Quote:

Originally Posted by widgeon13

Poor boy.

No sympathy from me.

Exactly what the guy working at the car wash feels about you... :-)

BE911SC · 09-22-2012, 08:02 AM

Quote:

Originally Posted by masraum

Really?

Partridge Family bus?

widgeon13 · 09-22-2012, 08:04 AM

Quote:

Originally Posted by cstreit

Exactly what the guy working at the car wash feels about you... :-)

I don't think so, I'm a good tipper!

Eric Coffey · 09-22-2012, 01:14 PM

Quote:

Originally Posted by azasadny

Inside job....

Yeah, sorta smells of insurance fraud. I wonder how solvent that bond fund is?

Zeke · 09-22-2012, 01:45 PM

Is this guys' name Thomas Crown?

plumb4u2 · plumb4u2's Garage

Quote:

Originally Posted by widgeon13

Poor boy.

No sympathy from me.

So he gets no sympathy from you because he is rich??

I wonder if you were robbed would the kid working at McDonald's have any sympathy for you?

If this is a legitiment robbery I give him sympathy...no one deserves to have there personal property taken from them no matter how much money they have

Can't understand why people look down on people that have made a successful living

widgeon13 · 09-22-2012, 02:00 PM

Quote:

Originally Posted by plumb4u2

So he gets no sympathy from you because he is rich??

I wonder if you were robbed would the kid working at McDonald's have any sympathy for you?

If this is a legitiment robbery I give him sympathy...no one deserves to have there personal property taken from them no matter how much money they have

Can't understand why people look down on people that have made a successful living

I don't look down on him. I just have no sympathy. He most likely has everything insured and will come out whole one way or the other. There is no reason to feel sorry for the guy especially when he can afford to offer $200K as a reward. If he didn't have it insured then he is a pretty stupid bond trader.

I know some bond traders and they don't need your sympathy, they want your cash. Believe me, they would have no sympathy for you in a business deal. If the guy was injured in the ordeal I might feel differently.

You should be directing your concern for those who are implying fraud. They are the one's actually attacking the guys integrity. I just have no sympathy for the guy so lighten up.

Gogar · 09-22-2012, 02:29 PM

Quote:

Originally Posted by svandamme

he had borrowed it from his firm.. i say he was about to retire and would had to give it back..

no no

He borrowed from 'the name' of his favorite painting

to

'name'
his firm.

He didn't borrow any paintings.

plumb4u2 · plumb4u2's Garage

Quote:

Originally Posted by widgeon13

I don't look down on him. I just have no sympathy. He most likely has everything insured and will come out whole one way or the other. There is no reason to feel sorry for the guy especially when he can afford to offer $200K as a reward. If he didn't have it insured then he is a pretty stupid bond trader.

I know some bond traders and they don't need your sympathy, they want your cash. Believe me, they would have no sympathy for you in a business deal. If the guy was injured in the ordeal I might feel differently.

You should be directing your concern for those who are implying fraud. They are the one's actually attacking the guys integrity. I just have no sympathy for the guy so lighten up.

I'm sorry I just don't understand your thinking?..(I'm not attacking you)

No one here knows the truth of this story

You state that if he was injured you may have sympathy? And if he didn't have insurance he is stupid?

If you started a thread tomorrow that your home was broken into while you were at work and all your prized possessions were stolen, would you expect sympathy from us?

Just sayin

And I don't agree with those claiming fraud either....but then everyone has their own opinions

speeder · speeder's Garage

I would not jump on the fraud bandwagon either without knowing a lot more. Since L.A. is such a cosmopolitan city, I'm gonna say it was the Salvadoran maid's brother who sold the info on the home's contents to an Armenian burglary ring who in turn wholesaled the entire load to a Korean fence who then shipped it to its final customer in China who will biotch because he did not receive the second remote key for the Porsche 911.

speeder · speeder's Garage

Then again, it could have just been the white American pool guy.