Alleged motorcycle theft ring busted

HONOLULU (AP) - An Oahu grand jury has returned an indictment against seven people accused of being members of a motorcycle theft ring.

Five of the defendants were arrested Tuesday and released on bail. A bench warrant was issued for the arrest of the two others.

The indictment alleges the ring operated from 2007 to 2009 out of an auto bodywork's shop in Waipahu.

The operation allegedly involved stealing motorcycles on Oahu and reselling them through Craigslist to unsuspecting buyers.

Officials say before being sold, the stolen bikes were given new serial numbers from motorcycles bought at mainland junkyards.

Prosecutors say at least 136 motorcycles may have been stolen, and the ring may have netted more than $500,000.

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