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Spanish Police Arrest 17 For Major Jewelry Heist

A police statement Thursday said the thieves used sophisticated laser equipment to break into a Madrid watch store in broad daylight in December 2012 and steal the 1,710 watches without setting off alarms. The gang then made contact with other criminal groups to offload the watches on black markets in China. Police say they have managed to recover 300 of them. Those arrested included the gang*s alleged mastermind, a man referred to as the "The Troll" who is blamed for several smash-and-grab store robberies on Madrid's wealthy Serrano street. The arrests were carried out in different phases over the past few months. Join the Discussion You are using an outdated version of Internet Explorer.
For the original version including any supplementary images or video, visit http://abcnews.go.com/International/wireStory/spanish-police-arrest-17-major-jewelry-heist-20596425

17 Arrested for Spain's biggest jewelry heist

Among those arrested is a known thief, Ismael A.V., alias "The Troll," who is considered to be the architect of the heist. The thieves gained access in December 2012 to the Diarsa company, where they robbed two safes, making off with more than 1,700 watches of prestigious Swiss brands. Among the people arrested are 11 Chinese citizens, and more than 300 of the luxury watches have been recovered, some of them valued at almost 270,000 euros (about $368,000). Thanks to the cooperation of Interpol, authorities have been able to locate more watches in Shanghai, where the organization was selling them on the black market. The Troll, 35 and with more than 10 arrests on his record, after the robbery left the working-class Madrid neighborhood where he had been living and settled into a life of luxury on the island of Ibiza, investigators said.
For the original version including any supplementary images or video, visit http://latino.foxnews.com/latino/news/2013/10/17/17-arrested-for-spain-biggest-jewelry-heist/

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