Update 01/28/2020 11:29pm:

A 21-year-old suspect has reportedly come forward and turned in the bag of jewelry belonging to Allen Iverson worth roughly $500,000. According to reports, police have not yet formally charged the suspect and will not disclose his identity until formal charges are pressed. 


Original 01/28/2020 12:58pm:

According to reports, Allen Iverson had $500,000 worth of jewelry stolen from him while in Philadelphia.

The incident allegedly went down on Monday morning at the Sofitel Hotel around 10:30 am, and police wouldn’t identify who owned the bag at first. However, it has been noted the bag belonged to Iverson. Police are currently on the hunt for a black man who is around 20-years of age, approximately 6-foot tall with a thin build. The man was last seen wearing a dark-colored jacket, red shirt, dark-colored pants, and black and white sneakers. Stay tuned for more details on this situation.

source: ESPN