Christopher Daniel Charged with Theft of Allen Iverson's Jewelry Valued at $500K

Christopher Daniel has been charged with two counts of theft after turning himself in after allegedly stealing a backpack containing $500,000 worth of jewelry belonging to Basketball Hall of Famer Allen Iverson.

The incident happened around 10:30 a.m. ET Monday morning at the Sofitel Hotel in Philadelphia, per CBS Philly. Daniel allegedly stole the backpack when an associate of Iverson's placed it on a chair in the lobby.

Police released security footage allegedly showing the 21-year-old exiting the hotel Monday. Daniel then turned himself in to police in Warminster, a town about 30 miles outside of Philadelphia.

The items belonging to Iverson have been recovered.

"Allen thanks the Philadelphia Police Department along with the people of Philadelphia for their support in this matter," Moore Management and Entertainment, which represents Iverson, said in a statement.

Iverson is a Philadelphia icon, playing for the Sixers from 1996-2006 while emerging as the face of the city. He won the 2001 Most Valuable Player Award and was named to seven All-Star teams with the Sixers. The team reached the 2001 NBA Finals with Iverson at the helm before losing to the Los Angeles Lakers.