MIAMI - A suspect is in custody after Major League Baseball pitcher Bronson Arroyo's yacht was stolen and sold without his permission.
On Monday, agents with the Florida Department of Law Enforcement arrested Anthony Acosta, Arroyo's former personal assistant.
Agents said Acosta sold Arroyo's yacht, valued at about $167,000, without his permission and kept the profit.
The investigation began in July 2015 after Miami-Dade police provided information to FDLE involving the fraudulent sale.
Acosta was fired by Arroyo in 2012, but contacted the MLB pitcher and said the yacht, which was stored in Tampa, had sunk.
According to investigators, Acosta is accused of reporting higher repair costs to Arroyo in an attempt to get more money, meanwhile moving the boat to an Opa-locka, Fla., storage facility.
FDLE said in July 2013 Acosta fraudulently sold Arroyo's yacht for $22,000.
In September 2013, FDLE said the yacht had a lien on it. The new owners of the boat contacted Acosta and requested their money be returned but Acosta refused.
Arroyo was contacted, by the new owners in April 2014 because of the dispute with Acosta.
Arroyo later discovered that Acosta had forged his signature during the sale, and Acosta had sold his boat without permission.
Acosta, a Tampa resident, is charged with grand theft and forgery and booked into Hillsborough County Jail on $50,000 bond.