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McDormand Declines to Press Charges on Oscar Thief, But He May Still Go to Jail

Award winners are actually borrowing the statue from the Academy, and it plans to throw the book at the Oscar-winning impostor.

March 06, 2018 - 12:20 pm

LOS ANGELES (KNX1070) - When Frances McDormand's Oscar statue was returned after allegedly being stolen she said she didn't want to press charges. Turns out she couldn't if she wanted to. 

However, the suspected thief may still go to jail. It's a little-known fact Oscar winners don't actually own the statue. 

The Academy rules state a winner of an Oscar has the right of possession but not ownership.  The statue cannot legally be sold to anyone without first offering it to the Academy for $1.  They may hold onto it for as long as they like and even pass it on to their heirs. 

McDormand received the Academy Award for Best Actress for her performance in "Three Billboards Outside Ebbing, Missouri."

Academy officials have told the LAPD they want 47-year-old Terry Bryant prosecuted. 

LAPD spokeswoman Officer Rosario Herrera, says Bryant was arrested Sunday night on suspicion of felony grand theft. She says he was being held on $20,000 bail. He will be arraigned Wednesday in L.A. criminal court. 

Authorities say the Oscar was allegedly stolen during the Governors Ball after party. Herrera said Bryant had a ticket for the event.

Bryant, who has been arrested seven times before, boasted about his Oscar win with the statue in hand while at the ball and posted it on Facebook. 

According to Inside Edition, between 1999 and 2002, Multnomah County (N.Y.)  Sheriff’s Office arrested Bryant for theft, criminal mischief and assault.