Video of man stealing $500,000 dollars worth of Jewelry from Allen Iverson in Philadelphia hotel

Some more bad news coming from the NBA world. Icon Allen Iverson has had over $500,000 dollars worth jewelry stolen from him. In a video you see what police describe as a 20 year old black male stealing a book bag which contained over half million dollars in diamond jewelry from NBA legend. Police said the unidentified man entered the Sitel Hotel at 120 S. 17th Street Monday around 10:30 a.m. and snatched a backpack containing jewelry valued at approximately $500,000.

The suspect is described as a thin man standing approximately 6-feet tall and approximately 20 years age. He was last seen wearing a dark jacket, red shirt, dark pants and black and white sneakers.