Jewelry theft probe sabotaged at home to Wall St. elite

Wednesday, 28 Aug 2013 | 9:50 AM ET
740 Park Avenue in New York City is the scene to a rash of jewelry thefts.
Andrew Harrer | Bloomberg | Getty Images
740 Park Avenue in New York City is the scene to a rash of jewelry thefts.

At one New York City apartment dubbed "the world's richest apartment building," police are investigating a case of sticky fingers — to the tune of $250,000 in stolen jewelry.

But there's one problem: The building's co-op board is "sabotaging" the investigation, the New York Post reports.

To rid itself of the problem, the board has fired several employees who it believes are involved with at least four burglaries at 740 Park Ave., home to Blackstone's Steve Schwarzman, cosmetics heir Ronald Lauder, and business magnate David Koch.

(Read more: Finding Wall Street's missing money)

"They are firing these employees they think are doing these burglaries," said a source to the Post. "By the time detectives catch up with these workers, they've already lawyered up. You can't make a case against them. The board is sabotaging the [NYPD] investigation."

To read the Post's full piece, click here.

  Price   Change %Change


Contact Crime


    Get the best of CNBC in your inbox

    › Learn More

American Greed

  • "$UDDEN DEATH"/ "HIP HOP HUSTLE" - NCAA basketball coaches are among the victims who get financially slam dunked in a $39 million scam out of Houston. And a wannabe rap star claims he's working with a famous Hollywood star to collect money to produce a movie about his 'gangsta' life. But there is no movie only hip-hop star livin'.

  • With investigators eager to confirm that Joel Salinas is running a $39 million investment fraud, he runs out of options and sets off on a final escape.

  • The $1.5 million raised to produce a movie was a scam. Instead Eric Jagclicic spent investor money on fancy cars, exotic pets, and more.