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VIDEO: Cop: Necklace Returned After Radar Report; Lohan Being Investigated For Grand Theft

Feb. 2 2011, Published 6:10 a.m. ET

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Lindsay Lohan is still under investigation for a felony, a police spokesperson said on Wednesday, adding that the $2,500 necklace at the center of the criminal investigation was returned by an associate of Lindsay’s right after RadarOnline.com broke the story about the probe.

“The crime we’re talking about is a theft. It’s a grand theft because the item in question is valued at over $900 making it a felony crime,” Lieutenant Jeff Bert, the Commanding Officer of Pacific Detective Division said in video obtained by RadarOnline.com.

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“At about 8:30 last night I think RadarOnline.com Online indicated they had a breaking story and very shortly after that the PD was notified by a representative saying the necklace would be returned and it was and I verified the necklace myself,” Lieutenant Bert said.

The jewelry store owner’s husband, Jeff Kamar, confirmed to RadarOnline.com that Lindsay was in possession of a high-end necklace of theirs saying, “It’s short, it’s not the longer one it’s the shorter one. It’s a one-of-a-kind.”

Kaman also went on to tell RadarOnline.com that his wife Sofia Kaman is too overwhelmed at the moment to speak with any media outlets.

“Whether or not the owner will press charges is part of the investigation. Because it’s a felony crime, we don’t need a victim’s cooperation to say go ahead and press charges.”

The shop has been identified Kamofie & Company, where police were photographed on Wednesday responding after a staff member that accidentally pressed the panic button.

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As RadarOnline.com was first to report, a search warrant was issued on Tuesday night for Lohan’s Venice, California home in connection with the missing necklace – a story which prompted Lohan to take action and have an “associate” return the necklace.

“Prior to service of that warrant, the necklace was returned to Pacific detectives in the early evening last night.”

Lohan has vehemently denied stealing the one-of-a-kind necklace, valued at approximately $2,500 and according to the Lieutenant it was an associate of the Mean Girls star that returned the piece in question.

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“We’re going to continue our investigation. The search warrant was for the necklace so there is no search warrant; we have that in our custody,” Bert said.

“We’ll continue on, quite possibly with our investigation to see if there’s facts to submit to a District Attorney for filing or not.”

The 24-year-old is still on probation and facing possible criminal charges after a violent incident with a former Betty Ford worker on December 12, and is now adding a possible felony charge to her rap sheet.

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Lohan was released from the treatment center in Rancho Mirage, California, on January 3, after a 90-day stint in rehab.

She served the court-imposed stint in connection with her 2007 DUI conviction, as her repeated failures to meet the terms of her probation caused her to serve two stints in rehab -- and two in jail -- last year.

“We certainly contacted probation as a matter of course when we’re conducting investigations,” Bert said.

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