A hunt for a suspected Porsche thief led detectives to a massive identity-theft ring, authorities said Saturday.
Authorities raided a Studio City home in the 3200 block of Dos Palos Drive and discovered an estimated $2.5 million credit card manufacturing operation, according to a Los Angeles County Sheriff's Department statement.
They found more than 6,000 blank credit cards with counterfeit American Express, Visa, Mastercard and Discover logos, along with fake driver's licenses and identification cards. Authorities also found machines to make those fake cards and hundreds of designer handbags, Nike shoes and flat screen TVs.
The stolen 2010 Porsche Panamera luxury sports car was also at the home, but the "very elusive" suspect wasn't, the statement said.
Authorities later arrested Andrew Foley Parker III, 36, who was suspected of stealing the vehicle from an auto leasing company, the statement said.
Rick Evans was home Wednesday morning when Parker, his neighbor, was arrested and the Porsche seized.
"Must have been 30 sheriff’s on my fence with guns drawn," he said. "When I saw the Porsche in there, I was like you're kidding me, right? They had one of those in there? Those are like $70 or $100,000 cars."
Sheriff's officials said Parker had been at a hospital in the morning with his wife who had just given birth.
More Southern California Stories: