Man Accused of Stealing Almost $500,000 in Movie Posters

March 30, 2012 Updated Mar 30, 2012 at 5:24 PM EDT

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Man Accused of Stealing Almost $500,000 in Movie Posters

March 30, 2012 Updated Mar 30, 2012 at 5:24 PM EDT

According to the Los Angeles Times, a 36-year-old California man has been charged with grand theft of personal property and receiving stolen property for allegedly stealing 3,000 movie posters from bus shelters between June 2011 and march 2012 and selling them for more than $450,000 on an online auction site.

The man, who was arraigned Thursday, has pleaded not guilty, according to the Los Angeles Times story.

Read the Los Angeles Times story HERE.