Luxury Auto Theft Ring Busted in Texas
A multi-agency investigation has uncovered a high-end auto theft ring after a stolen 2024 Rolls-Royce Spectre led authorities to a collection of luxury vehicles worth nearly $1.5 million. The cache also included firearms, body armor, and auto theft tools, according to authorities.
Three suspects – Oscar Ivan Valdez, 28; Salvador Hernandez, 29; and Miguel Angel Hernandez, 27 – have been charged with theft of property over $300,000, a first-degree felony. The arrests were made possible through a collaborative effort between the Plano Police Department, Texas Department of Public Safety, Dallas Police Department, and the FBI.
The investigation began on June 6 when a 2024 Rolls-Royce Spectre was stolen from a valet stand at a Plano restaurant. Surveillance footage identified a 2025 Mercedes S63 AMG, already flagged by the Texas Department of Public Safety, as the suspect vehicle.
On June 11, law enforcement executed search warrants at two connected residences, recovering a fleet of stolen luxury vehicles. Among those recovered were a Rolls-Royce Spectre, Rolls-Royce Cullinan, Cadillac Escalade-V, Maserati Levante, and an Audi RS7. The total value of the vehicles is estimated at nearly $1.5 million. All have since been returned to their rightful owners.
In addition to the vehicles, authorities seized firearms, body armor, and tools commonly used in auto theft. Additional charges may be filed, potentially at the federal level, as the investigation remains ongoing.
Oscar Ivan Valdez remains in the Collin County Jail on a $1 million bond related to the Plano charge and has 15 outstanding felony warrants from other agencies. Salvador and Miguel Hernandez were each held on $50,000 bond and have since bonded out.
The successful operation highlights the effectiveness of inter-agency collaboration in combating organized crime. The case continues to develop with potential for further charges.
