Man arrested in Chevy Chevelle theft from 2013 Indianapolis car show

Herbert Lee Jones III
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An Indianapolis man is under arrest after police say he tried to sell a stolen 1970 Chevy Chevelle to undercover Indiana State Police officers.

Police arrested Herbert Lee Jones, III, a 31-year-old Indianapolis man, on two felony charges. He's currently being held in the Hamilton County Jail on a $15,000 bond.

It started in September 2013 when the Chevelle and four other vehicles were stolen from the Good Guy's Car Show at the Indianapolis Motor Speedway. Two of the vehicles, a 2002 Chevrolet Dually pickup and a 1949 Chevrolet custom truck, were recovered a few days later. Police say the information they learned during that investigation led to a possible suspect.

In March, the previous owners of the 1970 Chevelle got a telephone call from someone identifying himself as “Herb,” according to police. Herb told them he had taken the car in trade of a motorcycle and cash that was in excess of $20,000. Herb explained he wanted to return the car but he needed to recoup his investment and was requesting $20,000 for the return of the vehicle. 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.

Indiana State Police undercover detectives got involved in the investigation and made arrangements to meet Herb, who allegedly said he'd be willing to take $10,000. When Herb - later identified as Herbert Lee Jones - turned up, police took him in for questioning, and later arrested him.

Jones has been charged with Receiving Stolen Property; value of property is at least $100,000, Class C Felony and Auto Theft, Class D Felony.