Hundreds of Thousands in Cash Booked During Grand Theft Arrest

Hundreds of Thousands in Cash Booked During Grand Theft Arrest title=
Hundreds of Thousands in Cash Booked During Grand Theft Arrest
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Source: Santa Barbara Police Department

On May 26, 2021, Patrol Officers from the Santa Barbara Police Department responded to a local jewelry and pawn shop to investigate a grand theft. Tens of thousands of dollars in precious metals and high-end jewelry were reportedly stolen.

Officers conducted the initial investigation and determined the suspect in this case, Greggory A. Schneider, 45 years old, and a Los Angeles County resident, was a coin and collectable dealer himself. According to the victim, Schneider assisted with an inventory and appraisal of gold, silver, and high-end jewelry in the victim’s shop. Schneider can be seen on security cameras taking a large amount of inventory and placing it into a personal backpack.

Santa Barbara Police Detectives began investigating the case and search and arrest warrants were authorized by a local judge for Schneider’s arrest.

Schneider was located and arrested on June 2, 2021. In his possession he had several hundred thousand dollars in cash.

Schneider was booked in Santa Barbara County Jail for 368 PC – Grand Theft from an Elder (felony). Bail: $50,000. The cash was booked as evidence. The investigation is still ongoing by Santa Barbara Police Detectives.

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SB_TAHOE Jun 10, 2021 11:29 AM
Hundreds of Thousands in Cash Booked During Grand Theft Arrest

I am not sure but...Howard Schneider in the 80's bought the land between Hope and Hitchcock and built Gregg Motors which is now Santa Barbara Auto Group. He named the dealership after his son Greggory. Howard was involved with some shady financial dealings (S&L scandals in the 90's), was convicted of 2 felonies and had to sell the dealership. I worked there and his son was a spoiled brat, he would be about 45 now, so I'm guessing that this is the same guy and the apple doesn't fall far from the tree.

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