Man arrested in $300,000 muscle car theft

Months-long investigation results in arrest

INDIANAPOLIS - A man was arrested Friday in connection with the theft of a muscle car worth $300,000 thanks to undercover officers and the victim himself.

A 1970 Chevrolet Chevelle was stolen Sept. 22, 2013 from Keith Parmer, a Michigan man who was in Indianapolis for the Goodguys Car Show.

Indiana State Police said Herbert Lee Jones III, 31, of Indianapolis, was arrested on charges of receiving stolen property and auto theft.

The Chevelle was one of four vehicles that were stolen. Two of the vehicles -- a 2002 Chevrolet Dually pickup truck and a 1949 Chevrolet custom truck -- were found less than a week later. Information police got during the investigation led them to a suspect.

Parmer and Terrie Perkins told police they got a call from a man who identified himself as Herb telling them he had taken the car in trade for a motorcycle and cash and that he wanted to return the car in exchange for $20,000.

"Herb said he would allow them two weeks to make a decision, then he would have to part the car out if they were not able to come up with the payment," ISP Sgt. Rich Myers said in a news release.

Police arranged for undercover detectives and Parmer to meet with Herb in Hamilton County on April 12 and that the cost to return the car had been cut to $10,000.

"Undercover officers waited for Herb in a parking lot, and when he arrived with the Chevelle, he was taken in for questioning without incident," Myers said.

ISP, Indianapolis police, the Hamilton County Sheriff's Department, Lawrence police and the National Insurance Crime Bureau were involved in the investigation.

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