Lindsay Lohan is in the midst of a CRACKHEAD CODE RED situation now that everyone knows she’s still a cracked-out jewel thief. Instead of stealing some good baubles though, Lindsay is now left stealing budget stuff (for her). The price of this alleged necklace that Lindsay stole keeps fluctuating. Some say $5000, some say $2500. The price is important, because if it’s a higher number, that means a felony for Lindsay. But don’t get your hopes up – Lindsay has managed to crack-lie her way out of much bigger problems.

Lindsay Lohan claims she did not steal the necklace at the center of a criminal investigation … rather, she claims it was loaned to her and a stylist simply forgot to return it on time … TMZ has learned.

Sources closely connected with Lindsay tell TMZ … Lindsay was in the jewelry store in Venice, CA on January 22 and claims the necklace was loaned to her.

Lindsay claims she gave it back to a stylist at some point thereafter but the stylist neglected to return it on time.

Lindsay says her stylist is the one who returned it to the LAPD last night.

Lindsay says, according to sources, “I didn’t have any part in the non-returning on time.”

[From TMZ]

TMZ (aka Crackhead Ground Zero) also claims that Lindsay is telling friends that the “jewel heist” claims are “bulls**t … I don’t have any necklace” and that the person who filed the police report is “nuts”. Remember, there is VIDEO of her stealing the necklace. If you’d like to see the necklace, go here – I have to admit, charging $2500-5000 for that seems like the real robbery. I could get something nearly identical for less than $100.

Anyway, this cracked-out jewel heist case is going to the DA today, and the DA will decide whether or not to pursue charges. TMZ’s sources claim “the LAPD investigation say the case against Lindsay is ‘strong.’ One source says criminal charges are ‘likely.’” Yeah, I’ve heard it all before and the crackhead still roams around, free.

Oh, and Michael Lohan says she’s innocent too! That seals the deal, right? Michael says (try to contain your laughter): “Although I don’t really like commenting on my daughter and this time has been a very stressful time, none of us need this added stress to our lives. I’m not going to let people continue to distort things: Lindsay never stole a necklace. People give Lindsay things all the time on consignment and when they need to be returned, they’re returned. Bottom line — that’s it.” This family’s crack lies are a thing of beauty.

By the way, I will still use any excuse to use my favorite Lohan photos. These photos never fail to make my day.

Photos courtesy of WENN.