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CHERRY HILL, N.J. (AP) -- Cherry Hill police say they have cracked the caper of a stolen statue.
A bronze statue that was left at the now-demolished Garden State Park horse racetrack was discovered missing last week.
It was valued at around $500,000.
Police say that a confidential tip led to Saturday's arrest of 33-year-old Ian MacDonald of Audubon. He is charged him with theft and conspiracy. Now police are looking for three other suspects.
Authorities say they sold most of the bronze to a Camden salvage yard, though part of it was recovered in Pennsauken.
At the going rate, the bronze in the one-ton statue would go for around $4,000, a fraction of what it was worth as art.
MacDonald is in the Camden County Jail on bail of $55,000.
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