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LoJack Recovery Leads Law Enforcement to Major International Theft Ring

Posted on: Wednesday, 4 February 2009, 12:28 CST

Stolen Vehicle Recovery Leader Protects Dealership from Fraudulent Purchase; Eight High-End Vehicles Recovered; Five Suspects Arrested; Theft Ring Disbanded

WESTWOOD, Mass., Feb. 4 /PRNewswire-FirstCall/ -- A lengthy investigation is coming to a close, as five people have been arrested for their work behind a major international theft ring. It all started last October when a Lexus dealer based in Santa Monica, Calif. notified police that a 2008 Lexus LS460 was fraudulently purchased from his dealership. Fortunately for the dealership, LoJack Corporation's (Nasdaq: LOJN) Stolen Vehicle Recovery System was pre-installed in the Lexus. After being informed of the fraudulent activity, detectives with the Task Force for Regional Auto Theft Prevention (TRAP) automatically activated the silent, hidden LoJack Unit installed in the Lexus. Three hours later, detectives were led to the Port of Los Angeles, where they located a cargo shipment containing the stolen Lexus and a stolen 2008 Corvette.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080512/NEM054LOGO )

After further investigation, TRAP detectives recovered another container with two more stolen vehicles. They also determined that two additional containers - suspected of storing several stolen vehicles - already had left the country. Authorities with TRAP and the Foreign Export and Recovery Unit (FEAR) were able to recall the internationally-bound containers and they were subsequently returned to the Port of Los Angeles. The recall of the cargo shipments led to authorities recovering four more high-end vehicles (a 2008 BMW, two 2008 Mercedes-Benz cars and a 2008 Corvette) worth approximately $400,000.

The TRAP and FEAR detective's investigation resulted in the recovery of eight vehicles and five arrests to date with several additional warrants pending. The investigation also disbanded a theft ring that was responsible for the theft of 67 high-end vehicles worth approximately $4.5 million and roughly 300 vehicles stolen throughout the U.S. over the last three years.

About LoJack Corporation

LoJack Corporation, the company that invented the stolen vehicle recovery market more than two decades ago, is the global leader in finding and recovering a wide range of mobile assets including cars, construction equipment and motorcycles--having recovered more than $5 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 disorders such as Alzheimer's and autism. LoJack has the proven processes, ultimate technology for recovery--Radio Frequency--and unique integration with law enforcement agencies, making its offerings the most effective solutions that not only deliver a wide range of recoveries, but also enhance the safety of the public on a global level. LoJack's Stolen Vehicle Recovery System operates in 26 states and the District of Columbia, and in more than 30 countries throughout North America, South America, Europe, Africa and Asia. For more information, visit www.lojack.com.

CONTACTS: LoJack Corporation Tier One Partners Tier One Partners Paul McMahon Jeanne Bock Laura Feng 781-251-4130 781-861-5249 978-975-1414

SOURCE LoJack Corporation

Source: PR Newswire

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