Westwood, MA - August 24, 2010 - It has been an extremely hot summer. And, for LoJack Corporation (NASDAQ: LOJN), the company that invented the stolen vehicle recovery market, it has been a summer of “hot” stolen vehicle recoveries across the country. The recoveries announced today featured the fraudulent use of credit cards, a car-jacking, a chop shop operation and a car targeted for parts. In these recoveries, LoJack’s Radio Frequency technology—which operates even if a stolen vehicle is located in a concrete garage, steel container or dense foliage— and direct integration with police helped law enforcement cool down vehicle theft and professional thieves.
“These stolen vehicle recovery stories illustrate a variety of ways today’s professional thieves steal vehicles. What they also show is how the LoJack System is instrumental in helping police foil their attempts, which enables law enforcement to put these criminals behind bars,” said Patrick Clancy, Vice President of Law Enforcement, LoJack Corporation. “These stories also highlight the value the LoJack System brings to vehicle owners, providing a proven method to get their cars, trucks, SUVs and motorcycles back if they’re stolen. This is more important now than ever because the rate of stolen vehicles not recovered is at its highest point in the past 20 years.”
Below are LoJack’s top summer recoveries:
LoJack System Foils Thief Using a Fraudulent Credit Card to Rent & Then Steal Lamborghinis – In this recovery, an exotic car rental company near the Miami International Airport rented a LoJack-equipped black 2007 Lamborghini Gallardo along with a white 2008 Lamborghini Gallardo – worth a combined value of $370,000 – to two men. When the company discovered that fraudulent credit cards were used in the transaction, they contacted the Miami-Dade Police Department, which immediately activated the LoJack System on the black Lamborghini. Police picked up the Radio Frequency signal just a little more than an hour later and tracked it to a concrete underground garage. Both vehicles were recovered and returned to the rental car company.
Car Jacker Apprehended Thanks to LoJack – In this recovery, the owner of a 2005 Chevrolet Impala was car jacked and pushed into his vehicle’s trunk. The suspects then sped off. When they stopped at a traffic light, the owner managed to pop open the lid, escape on foot and immediately notify the San Antonio Police Department. Fortunately, the vehicle was equipped with LoJack, so police activated the system and picked up the signal from the stolen Impala only 45 minutes later. Officers tracked and located the vehicle and arrested the two suspects, who were charged with aggravated kidnapping and aggravated robbery. Both were held on bail charges of more than $200,000.
Stolen Dodge Ram Leads to Arrest of Seven Thieves – While the owner of a 2005 Dodge Ram was shopping in Phoenix, thieves were busy stealing the LoJack-equipped vehicle from the lot where it was parked. When the victim discovered the theft, he immediately contacted police, who activated the system. Only 10 minutes later, a detective picked up the signal and followed it to an apartment complex where surveillance was set up. There, another stolen Dodge Ram was discovered. Police followed two suspects as they drove the vehicles to a gas station, where the drivers stopped for fuel. Detectives moved in and after a foot chase arrested five suspects. Two additional suspects were later captured, amounting to a total of seven arrests. Officers also recovered a handgun from one of the stolen Ram pick-ups.
What Happens in Vegas Stays in Vegas…Especially if You Have a LoJack: Chop Shop Busted in Just Over an Hour – The owner of a 2008 Yamaha motorcycle discovered his bike was stolen and immediately reported it to the Las Vegas Metropolitan Police Department. Within minutes, officers picked up the silent LoJack signal and located the stolen bike parked in a residential garage in Las Vegas. The Auto Theft Task Force responded with a search warrant and located not only the stolen Yamaha, but two other stolen bikes, as well as a stolen jet ski and trailer – all in only 64 minutes. A total of three suspects (two of whom were hiding in an attic with a sawed off rifle) were taken into custody and booked in Clark County Jail.
Theft of a Car Targeted for Parts Foiled by LoJack; Suspect Arrested – A thief used a screwdriver to start a 1999 GMC Yukon. Once the owner became aware of the situation, he reported the theft to local police. Eleven minutes after the LoJack System was activated, an officer with the Compton School (CA) Police Department picked up the signal from the stolen vehicle. A second patrol car also picked up the LoJack signal and the two officers spotted the suspect driving the vehicle. They attempted to stop the vehicle in traffic, but the suspect escaped on foot into a residential area and began running through neighborhood yards. Police eventually caught and arrested the suspect who admitted he was paid to bring the stolen vehicle to a tire store to have the rims and tires removed. The matter remains under investigation.
Learn More About Theft Protection
To learn more about vehicle theft protection, visit LoJack’s Knowledge Center at www.lojack.com/knowledge, Facebook page at www.facebook.com/LoJackCorp
or Twitter feed at www.twitter.com/LoJackCorp
. From any of these pages, visitors can download a number of informative materials including "Get in the Know", an interactive educational booklet that details facts about vehicle theft as well as the steps owners can take to protect their cars, motorcycles or heavy equipment from theft.
About LoJack Corporation
LoJack Corporation, the company that invented the stolen vehicle recovery market more than 25 years ago, is the global leader in finding and recovering a wide range of mobile assets including cars, construction equipment and motorcycles-having recovered nearly $4 billion USD in stolen assets worldwide. In today's rapidly changing world, LoJack's core competencies are more valuable and more relevant than ever as they are now being applied into new areas, such as the prevention, detection and recovery of stolen cargo and finding and rescuing people with cognitive conditions such as autism and Alzheimer's.
For more information, visit www.lojack.com, www.autotheftblog.com, www.youtube.com/lojack, www.twitter.com/LoJackCorp or www.Facebook.com/LoJackCorp.
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