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Police may have found Cage’s stolen Porsche

SHARE Police may have found Cage’s stolen Porsche

CAMDENTON, Mo. (AP) — Police believe they've located actor Nicolas Cage's stolen Porsche — and it's extremely wet.

A 1989 Porsche Sportster was found Thursday submerged in the Lake of the Ozarks. An anonymous tip led police to the black convertible submerged in 12 feet of water.

The $100,000 car was in a transport trailer on its way from California to Pennsylvania when it was stolen Christmas Day from a parking lot in Arnold, south of St. Louis.

Michael J. Grambling, 19, of Arnold, was charged with first-degree auto tampering in connection with the heist and was being held on $10,000 bond in the Jefferson County Jail.