Nearly $4 Million In Stolen Property Recovered from San Fernando Valley Storage Units, Police Say

Nearly $4 million in stolen property was recovered from a San Fernando Valley storage unit during the past week, and at least two arrests were made in connection with the theft group responsible, police said. 
While serving multiple search warrants at storage unit facilities throughout the San Fernando Valley, Cargo Theft Unit detectives found the stolen property, according to a press release from the Los Angeles Police Department.
"CTU detectives recovered a stolen shipment of bitcoin mining computers, valued at $2,700,000, from LAX airport as the shipment was about to be loaded onto a plane headed to Hong Kong," the release said.
Police also recovered $1.2 million in stolen tequila, speakers, coffee, clothing, shoes, body wash and pet foods. 

Read the full news article. KCAL (CBS) News Los Angeles, April 23, 2025, by Dean Fioresi

NICB assisted the investigation.