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Photos: Splash News, Philadelphia PD

A suspect who stole $500,000 worth of jewelry from Allen Iverson's backpack at a Philadelphia hotel has surrendered to police.

The incident happened on Monday around 10:30 a.m. at the Sofitel Hotel located on S. 17th Street, WPVI reported.

Surveillance footage shows the suspect enter the hotel lobby and snatch Iverson's backpack containing $500,000 worth of the former NBA star's jewelry. Iverson, 44, was not present at the time the jewelry was stolen.

FOX 29's Dave Schratwieser reports that the 21-year-old college student turned himself in after his photo was aired on news stations and went viral on social media on Monday.

Police did not release the suspect's name nor did they say whether all of the jewelry was recovered.

Iverson is known for his expensive custom jewelry collection.

The 11-time NBA All-Star was drafted by the Philadelphia 76ers with the first overall pick in 1996. He played 10 seasons for the 76ers before being traded to the Denver Nuggets in 2006.

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Philadelphia police are searching for a man who stole $500,000 worth of jewelry from Allen Iverson's backpack at a Philadelphia hotel.

The incident happened on Monday around 10:30 a.m. at the Sofitel Hotel located on S. 17th Street, WPVI reported.

Sources confirmed the suspect stole the jewelry from Iverson's backpack. Iverson was not present at the time the jewelry was stolen.

Surveillance video shows the suspect exiting the hotel after the theft.

The man is described as a 20-year-old Black male. He was last seen wearing a dark jacket, red shirt, dark pants and black and white sneakers.

Iverson, 44, an 11-time NBA All-Star, was drafted by the Philadelphia 76ers with the first overall pick in 1996. He played 10 seasons for the 76ers before being traded to the Denver Nuggets in 2006.

Anyone with information about the theft is asked to call police at 215-686-TIPS.

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The Atlanta police appear to dispute Tameka "Tiny" Harris' story that someone broke into her Lamborghini SUV and stole a reported $750,000 worth of diamonds and pricey watches.

Tameka, 44, claims a thief broke into her Lambo truck while she had drinks with a friend at Bar Amalfi in Atlanta's Midtown neighborhood over the weekend.

Tiny parked her Lamborghini SUV in the restaurant's lot around 8:45PM and returned to the car at 9:45 pm, only to discover a thief broke into the pricey vehicle and stole her jewelry.

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The jewelry was stored inside a blue velour bag which she accidentally left on top of the center console.

Among the jewels were diamond wedding rings, expensive watches and diamond stud earrings, according to WSB-TV.

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Tameka is reportedly "devastated" over the loss of her jewels - most of which are irreplaceable gifts from her husband, rap mogul Tip "T.I." Harris, 39.

Not long after Channel 2 Action News broke the story on Monday, rumors spread that the jewelry heist was part of an insurance scam.

According to reports, Tiny's friend went out to the car to retrieve something. And police say there were no signs of a break-in or damage to Tiny's SUV.

Via WSB-TV -- Police told Channel 2 Action News there were no signs of a break-in or damage to the $200,000 SUV, but Harris told police she believed someone took the bag from her Lamborghini.

On Monday, Channel 2's Audrey Washington spoke with two sources, one an APD source who was at the restaurant Sunday night.

Both sources told Washington there was security in the parking lot and that they did not witness anything suspicious.

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Tameka "Tiny" Harris was the victim of a car break-in while she reportedly had drinks with a friend at Bar Amalfi in Atlanta's Midtown neighborhood.

Tameka parked her Lamborghini SUV near the restaurant around 8:45PM and returned to the car at 9:45 pm, only to discover a thief broke into the pricey vehicle and stole over $750,000 in jewelry.

Among the stolen jewelry that was stored inside a blue velour bag on top of the center console were diamond wedding rings (she had more than one), expensive watches and diamond stud earrings, according to WSB-TV.

Friends wondered why the 44-year-old singer kept nearly $1 million worth of jewels in a bag on the console. Haters wondered if the theft is really insurance fraud. But according to a source, the mom-of-7 sat the bag on the console and forgot it when she got out of the car. She always carried the bag inside her purse.

Tameka is reportedly "devastated" over the loss of her jewels - most of which are irreplaceable gifts from her husband, rap mogul Tip "T.I." Harris, 39.