Suspect Held over $500,000 Jewelry Raid at Macy's

(IDEX Online) - Police have arrested a suspect following the theft of jewelry worth almost $500,000 from Macy's.

He was allegedly caught on security video pawning an item from the raid at the Macy's department store at Oak Court Mall, Memphis, Tennessee, USA.

Rashad Bonds, 30, is accused of theft of property worth between $60,000 and $250,000, according to WREG-TV .

Police say five men smashed jewelry display cases in June, and fled with items valued at $492,000.

Bonds allegedly pawned a ring that matched the description of one that was stolen in the raid.

Another was arrested earlier over the same incident.