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Peninsula authorities recover $2 million in stolen property

SAN MATEO COUNTY – Authorities on Friday announced the arrests of eight Bay Area residents suspected of working together to purchase and distributed millions of dollars in stolen property.

The San Mateo County Sheriff’s Office said it launched its investigation – dubbed “Operation Shattered Glass” – in the wake of multiple automobile, residential and commercial burglaries. The stolen property included electronics, cameras, laptops and retail merchandise.

The investigation led authorities to a San Francisco-based “organized group of criminals” that was purchasing and selling the stolen property, according to the sheriff’s office.

On Thursday, the sheriff’s office, along with several other law enforcement agencies, served eight arrest warrants and multiple search warrants in San Mateo County and San Francisco.

Authorities recovered more than $2 million in stolen personal property during searches of seven residences and one storage unit, according to the sheriff’s office. They also seized more than $150,000 in cash, as well as three vehicles and a residence totaling more than $1.2 million.

Eight suspects were arrested and booked into San Mateo County jail on charges of criminal profiteering, money laundering, possession of stolen property, attempted possession of stolen property and tax fraud.

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