Police Arrest Two for Lance Armstrong's Stolen Bike

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(Sacramento, CA)
Tuesday, April 7, 2009

Detectives have arrested two people: one for stealing three bicycles and another for buying and possessing stolen property.
In fact, says police spokesman Norm Leong, the man who bought Armstrong’s bike is the same person who voluntarily turned it in a few days after it was stolen.
Leong: “Dung Le did purchase one bicycle, which is Lance Armstrong’s bicycle.  Ultimately he ends up returning it to the police department.  But we believe that he knew it was stolen and that his initial intent was not to return it.” 
Police say Le’s inconsistent story led to a search of his house – and evidence found there led to the man arrested for the original theft, Lee Crider.
The bike’s exact value isn’t known, but Leong says estimates range from $10,000 to $20,000.  Police won’t say how much Dung Le paid for it.  But Leong did say the price was about as much as a bike costs at Target or K-Mart.  That’s typically a couple hundred dollars.