Outrageous.

Via NBC 10:

Police said the unidentified man entered the Sofitel Hotel at 120 S. 17th Street Monday around 10:30 a.m. and snatched a backpack containing jewelry valued at approximately $500,000. NBC10 later confirmed with sources that the jewelry belonged to Iverson.

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

This is the surveillance photo NBC is sharing: