According to the local media, the Los Angeles Police confirmed the incident and said a 47-year-old Terry Bryant was arrested on Sunday over suspicion of felony grand theft.
He even fluants the trophy on camera:
OSCAR THEFT: The man accused of stealing Frances McDormand’s Best Actress Oscar from an official after party has been captured with the statuette at the event. #TenNews
READ MORE: https://t.co/5TuHgaVIOt pic.twitter.com/Jw8gY0r9QV
— TEN Eyewitness News (@channeltennews) March 6, 2018
McDormand had won the 'best actress' Academy Award for her performance in 'Three Billboards Outside Ebbing, Missouri'
The authorities have said the Oscar was allegedly stolen during the Governors Ball after party.
According to reports, Bryant had a ticket for the event. No further information has been revealed regarding the matter.
According to some reports, McDormand was spotted crying after giving up the search for the statuette on the premises and departing with her husband, filmmaker Joel Coen. She was later reunited with the trophy.