The 19-year-old who cops suspect is the ring leader of the Hollywood Hills Burglar Bunch is back on the streets.
Rachel Lee posted bail last night in Clark County, Nevada -- where she was arrested on Thursday for possession of stolen property.
As we first reported ... sources tell us when Lee was busted, cops seized a number of items that may have been taken from the homes of Paris Hilton, Lindsay Lohan and Rachel Bilson.
We're told Lee denied being involved in any of the burglaries.
Alleged Burglar Bunch Mastermind
Out of Jail
10/24/2009 11:50 AM PDT BY TMZ STAFF
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