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Posted at 6:30 PM ET, 02/ 9/2011

In other news: Lindsay Lohan charged with felony grand theft in jewelry store matter

By The Reliable Source

LiLo pleaded not-guilty to a grand theft felony charge, 2011. (Reuters/Lucy Nicholson)

Lindsay Lohan was formally charged in L.A. Wednesday with one count of felony grand theft for allegedly stealing a $2,500 gold necklace from a Venice, Calif., jewelry store. The actress pleaded not guilty and paid $40,000 for bail and probation violation; the next hearing is scheduled for Feb. 23.

This is the most serious charge the actress has faced in her long history of legal troubles: If convicted, she faces up to three years in prison. "You're in a different situation now that a felony has been filed against you," warned Los Angeles Superior Court Judge Keith Schwartz, reports the Associated Press. "You're no different than anyone else, so please, don't push your luck."

Lohan was shopping in the store Jan. 22 when prosecutors say she walked out without paying for the "one-of-a-kind" gold necklace adorned with semiprecious stones. Lohan was filmed by the store security tape and paparazzi wearing the necklace, which her attorneys say Lohan thought she was allowed to borrow. It's not the first time she borrowed a luxury piece: In 2008, Lohan was sued by a college student after she saw a photo of the actress wearing her $12,000 mink, which disappeared from a New York nightclub. The coat was later returned.

By The Reliable Source  | February 9, 2011; 6:30 PM ET
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