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Lindsay Lohan -- Attempted Retail Robbery Victim!

4/15/2011 9:30 AM PDT BY TMZ STAFF

Lindsay Lohan faces grand theft felony charges for a necklace that we found out was marked up 300%!!!

0414_lilo_neckalce_x17_kamofie_ex

TMZ has learned the necklace designer sold Kamofie & Co. the piece for $850 -- that price tag does not qualify for felony grand theft, which requires a value of $950 or more.

Kamofie was trying to sell the necklace to Lindsay for $2,500 bucks.

As we first reported, we're told Lindsay's lawyer, Shawn Holley, will argue the D.A. should only be allowed to charge her client with a misdemeanor because of the value of the necklace.

But even if Holley loses that argument, Kamofie's owner -- who we're told will be testifying at Lindsay's preliminary hearing -- is going to have a PR problem for the mark-up and for selling the surveillance video and shopping a book deal.


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733 COMMENTS

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31.

Nicole     

@Bash
Yep this case and felony charge is crumbling

@tgrfan42069 @thebrain
You can't compare this to a Dior dress or a 2k sony tv or whatever. As they are all roughly the same prices in all stores.
Whereas with this item the designer was selling it for $850(a felony is $950) meaning she was making however much profit of her designs. The mark up should never have been 300% but we know what to expect from this disgraceful store.


@tgrfan42069
Yeah the pic they took from x17 is of Lindsay wearing the necklace which you can see lightly in the background.

1233 days ago
32.

Bren    

It wouldn't make sense to base it off what the store purchased it as wholesale. The whole point of buying inventory is to sell it for more than what you purchased it for. Even if the store decided to mark it up to $950 to make a profit of $100, it would still be enough for a felony.

It would be ridiculous for her to get off because they decided to go by the wholesale cost...which means that will probably happen because she seems to never get punished for her actions.

1233 days ago
33.

jack-55d79    

I don't see how the trade price is relevant. You would not be let off shop-lifting because the goods cost the supermarket far less than you (some products moreso than others). Likewise any other goods involving a mark-up. That's how a free market operates.

Seems massively over-priced though:

http://www.youtube.com/watch?v=pBUzw-0ev_A

I would guess the Pareto efficiency is good around Hollywood. Lol.

1233 days ago
34.

john smith    

Another DA without an agenda to get Lindsay at all costs would have only charged her with a misdemeanor. Citizens of Los Angeles should be outraged at the resources and time and money being devoted to Lindsay's case. While two dozen sheriffs provided security for Lindsay's case, SF Giant fans are getting their heads kicked in by gang members at Dodger Stadium and getting away with it. The Giant fan who was attacked by two gang members is still in the hospital in a coma and may die. L.A. has hundreds of violent crimes daily and a huge budget deficit. I'm guessing the cost of the trial will be enormous for the city as teachers are being laid off. With a 99.9 percent chance of this being a hung jury it seems like a very poor decision by the state to pursue a felony charge.

1233 days ago
35.

themare    

Who cares? The store had it listed for $2,500.00.How much is an auto REALLY WORTH? It's just a bunch of metal. Theft is theft and if Lindsay walked out of that store without paying for the necklace, it is theft, plain and simple.
TMZ, you are REALLY starting to lose your cred by buying these stupid stories from the Blohan camp. Harvey, you're a lawyer, you should know better.

1233 days ago
36.

Nicole     

@john smith
Agree completely
It is not just this it is everything adding up.

@themare
Yeah keep ranting but a car price isn't the same thing as a necklace made by a designer.
Lindsay is not becoming a felon over this BS

LINNOCENT

1233 days ago
37.

themare    

Umm, Nicole?

What makes a car price different from the price of a necklace?

1233 days ago
38.

Brandon    

I own a jewerly store in the midwest and typical markup is 100 to 300 percent on jewerly. You have to pay Employees, lights, property tax, building lease, insurance etc. Should a movie star only be paid min. wage for her actual time on a movie set. NO It what the market will pay for something that determines price.

1233 days ago
39.

themare    

Thank you, Brandon for the wise post. Nicole, your thoughts on that. Should Lindsay only be paid 7.50 cents per hour on set? After all, she is human, just like us.

1233 days ago
40.

Zach Swan    

So this proves that it was definitely a felony. After all to hit $950 threshold the jeweler would only have to mark up the wholesale price by 12%. There isn't a jeweler on the planet with a markup that small. After all, they need to build in profit to pay for losses generated by sticky fingered 'customers' like Lindsay.

1233 days ago
41.

themare    

So I guess using Nicole's logic, Lindsay's fee for "performing" has a 1,000,000.00% markup price. Shouldn't she be getting $7.50 per hour since she is a high school dropout? Lindsay, FOR SHAME! You have been ripping off producers for years according to Nicole's logic.

1233 days ago
42.

JAMES LAKOVISH    

the store is a rip off, gooooooing out of business

1233 days ago
43.

mija    

Wow, even $850 is too much for that junk. This is great news for Lindsay, who did not steal the necklace in the first place.

1233 days ago
44.

Damon    

Lindsay stealing the necklace has nothing to do with "how every business makes a profit"!

That's how profit is achieved ! Buy low, sell high!

1233 days ago
45.

sickofit    

Anyone who has ever intelligently worked with a jewelry store knows that the price on the item is at least twice as much as the store is willing to let it go for.

1233 days ago
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