Los Angeles police confirmed to the New York Post that the man, reported by the Daily Mail as Terry Bryant, has been arrested and booked on felony grand theft charges.
Frances McDormand was the star of the Oscars show on Sunday night using her acceptance speech for Best Actress to promote equality in the film industry as she urged her female counterparts to stand alongside her.
Footage taken by the Associated Press revealed Bryant while going out the Governors Ball, where the Oscars after-party took place, while holding the figure.
Police said Bryant was exiting the Governors Ball when he was photographed holding an Oscar statuette.
This is mine. We got it tonight, baby. "The Oscar was returned to the recipient".
"I lost my Oscar", the two-time Oscar victor said, shrugging her shoulders as she left the party, according to video recorded by Reuters Television. The 60-year-old actress won the prestigious award for her performance in Three Billboards Outside Ebbing, Missouri. The reporter softly reaches out to the actress and asks her for a few congratulatory words for Janney.
Unfortunately, Terry Bryant didn't get that particular memo. "They celebrated the reunion with a double cheeseburger from In and Out", McDormand's representative, Simon Halls, said in a statement, referring to a local fast-food chain.
The victor of Best actress category in Oscars this year, Frances McDormand was in for a big surprise after the event. Look around, ladies and gentlemen, because we all have stories to tell and projects we need financed.