Published: Sep 02, 2014 11:23 AM EDT
Updated: Sep 03, 2014 11:06 AM EDT

LEE COUNTY, Fla.- The man who allegedly pawned off thousands of dollars worth of stolen jewelry for just a fraction of its actual value was taken into custody early this morning.

Authorities tracked down 32-year-old William Hammond III at a Charlotte County motel where he had driven a stolen vehicle to.

Police say Hammond stole several thousand dollars worth of jewelry from a Parker Dr. home two weeks ago.

It was later discovered that all of the stolen rings and necklaces were brought to Gulfcoast Jewelry and Loan, located at 12123 S. Cleveland Avenue.

According to authorities, Hammond received a small amount of money for jewelry that was never his to begin with.

The suspect used his real identification for the transactions, which net him $720 for items valued well over $4,000.

Hammond now faces charges of grand theft, dealing in stolen property and providing false information to a pawn broker.  Officials say he is also a person of interest in several other thefts and burglaries throughout Lee County.

Anyone with information on the whereabouts of William Hammond III is asked to call Crime Stoppers at 1-800-780-TIPS (8477).  All callers will remain anonymous and will be eligible for a cash reward of up to $1,000.  Tips may also be made at or by texting a tip to CRIMES (274637) Keyword: REWARD.