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Update: The man police were looking for has turned himself in. The name of the suspect won’t be released until he is formally charged.

NBA great Allen Iverson was the victim of a huge heist on Monday.

Someone stole Iverson’s backpack. There was $500,000 worth of jewelry inside.

The incident happened at the Sofitel in Philadelphia.

Police are still looking for a suspect. Police say they are looking for a black male, approximately 20 years old and about 6 feet tall with a thin build. He was last seen wearing a dark-colored jacket, red shirt, dark pants and black and white sneakers.