Arrest made in stolen Cherry Hill statue case

July 20, 2008 10:10:53 AM PDT
Cherry Hill police say they have cracked the caper of a stolen statue. A bronze statue that was left at the now-demolished Garden State Park horse racetrack was discovered missing last week.

It was valued at around $500,000.

Police say that a confidential tip led to Saturday's arrest of 33-year-old Ian MacDonald of Audubon. He is charged him with theft and conspiracy. Now police are looking for three other suspects.

Authorities say they sold most of the bronze to a Camden salvage yard, though part of it was recovered in Pennsauken.

At the going rate, the bronze in the one-ton statue would go for around $4,000 - a fraction of what it was worth as art.

MacDonald is in the Camden County Jail on bail of $55,000.