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Studio City News

Luxury Car Traced To Studio City
Posted by Nashfa Hawwa on Sep 11, 2013 - 9:30:40 PM

2010_Porsche_Panamera_4S_1_--_03-14-2010.jpg
2010 Porsche Panamera
STUDIO CITY—A man has been identified for embezzling a luxury car by the detectives in the Taskforce for Regional Autotheft Prevention or TRAP, on Wednesday September 4.

 

According to authorities, the suspect, Andrew Foley Parker III, 36, had been pegged since December 2011 as the prime suspect who had embezzled a 2010 Porsche Panamera. The car was stolen from MSF Auto Leasing in Los Angeles.

 

During the search warrant for Parker, who was traced to the 3200 block of Dos Palos Drive, a credit card manufacturing device was discovered, as well as an identity theft operation. There were roughly 6,000 blank credit cards that were produced with counterfeit American Express, Visa, Discover and MasterCard logos. The credit card manufacturing and identity theft operation is estimated to have a potential of $2.5 million in losses. Forged drivers licenses and identification cards were also discovered along with the stolen Porsche that was recovered in the garage.

Neither Parker nor his wife were at the residence when officers searched the home. According to sources, his wife was in delivery at the time officials were there. Parker attempted to flee the scene as he arrived at the residence and saw the officers. He was arrested in a rental car a few feet away from the house.


The sheriff's department is requesting anyone with information about the incident to contact the Regional Autotheft Prevention Taskforce at 626-572-5610.

 

Parker was booked at the Van Nuys jail where bail was set at $106,000. Charges include suspicion of grand theft auto and theft; additional charges are likely as authorities continue their investigation. According to reports, U.S. Secret Service agents might be assisting to investigate the case. The suspect was released on Thursday, September 5, when bail was posted.



 

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Serving Bel Air, Benedict Canyon, Beverly Hills. Brentwood, Laurel Canyon, Los Feliz, Malibu, Pacific Palisades, Melrose, Santa Monica, Sherman Oaks, Studio City, Topanga, Canyon, Westwood & Hollywood Hills.