Lindsay Faces Felony Charges For Jewelry Theft

Lindsay Lohan is in legal hot water once more.

TMZ.com reports the troubled actress, 24, will be charged with felony grand theft after allegedly swiping a $2,500 necklace from a Venice, Calif. jewelry store.

If convicted, Lohan faces up to three years in prison, the site reports.

For her part, Lohan claims that her stylist failed to return the "one-of-a-kind" bauble on time to Kamofie & Company, the store that lent it out to her January 22.

Though the piece has since been returned, Lohan was captured on the store's security camera wearing the necklace and is said to have been photographed with the accessory one week later.

The Los Angeles County District Attorney's office is expected to file charges as early as Monday.

The Mean Girls actress remains on probation stemming from a 2007 DUI arrest and is due in court for a progress hearing February 25. She completed a 90-day rehab stint at L.A.'s Betty Ford Center on January 3.

Credit: Us Magazine

Lindsay's Friend Gives Stolen Necklace To Cops

Well this doesn't look good for Lindsay, a friend of hers has just turned in a piece of stolen jewelry to police in LA, Radar Online has learned.

Radar Online broke the world exclusive story yesterday that police requested a search warrant after seeing both a photograph as well as a video of Lindsay wearing the one-of-a-kind necklace worth $2,500 which someone had stolen from a store in - you guessed it - Venice Beach.

Police tell Radar Online the necklace is now being kept is a safe to use as evidence. It will ultimately be up to the D.A.'s office whether to pursue any charges in the case.

The search warrant was never put into action because the necklace was returned.

UPDATE:  Lindsay Lohan is claiming that this all is a misunderstanding. She says that she just borrowed the necklace and then returned it to her stylist who was late getting back to the jeweler.

Lindsay Lohan Suspect In Jewelry Theft

Cops have asked a LA judge for a search warrant for Lindsay Lohan’s Venice home because they suspect she has stolen a high end piece of jewelry, Radar Online has learned exclusively.

Radar Online also learned investigators told the court they have video of the 24-year-old Hollywood actress wearing the missing item!

"Lindsay is being accused of stealing high end jewelry, including a necklace,” a law enforcement source with knowledge of the situation told Radar Online.

“A search warrant was requested Tuesday at the Airport Court to search Lindsay's house for the item of jewelry in question.

“Lindsay has been photographed and there is video of her wearing the jewelry she is accused of stealing.”

If the jewelry is valued at $5,000 or more, the Mean Girls starlet, who is relishing her freedom after jail and rehab, could be charged with a felony.

It's unclear if the judge signed off on the search warrant.

Credit: Radar Online