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Police recover most of the items stolen from Lakeside Bicycles, along with thousands of dollars in other merchandise

Vladislav Martynenko, a 21-year-old resident of Issaquah, Wash., was arrested by police last week after he was identified as the suspect in the theft of an expensive bike and other merchandise from Lakeside Bicycles in downtown Lake Oswego.

According to LOPD Lt. Darryl Wrisley, employees at the bike shop received a call on March 31 from someone who asked if they sold high-end bicycles. Later that day, shortly before closing time, a man and a woman entered the shop, Wrisley said.

The man asked about a black-and-red bike hanging from the ceiling, which belonged to a customer. The two left without buying anything, Wrisley said, but staff told police they believed the man was the person who had called earlier.

That night, sometime after midnight, the man allegedly returned and smashed a window to break into the store. Wrisley said Lakeside estimated that roughly $30,000 in merchandise was stolen, including several bikes.

The burglar covered up the lens of one of the store's external security cameras before breaking in, but the camera captured an image of his face as he approached it.

"Lakeside has a pretty good camera system," Wrisley said.

After the robbery was reported, LOPD detectives downloaded the security footage and began analyzing it. In the meantime, Lakeside staff started searching on Craigslist for postings from anyone trying to sell high-end bikes.

They eventually got a match in Issaquah, Wash., and were able to identify the bike in the post because the serial number was visible. They reported the information to both LOPD the Issaquah police department, and Wrisley said detectives from both agencies coordinated on the case.

Issaquah police obtained a search warrant for Martynenko's house based on the Craigslist post and several posts on Ebay, and they executed it on Friday, April 6.

The search recovered more than $40,000 in stolen goods, Wrisley said, including most of the merchandise taken from Lakeside and items reported stolen from other stores.

"We recovered a room full of stuff, basically," said Issaquah Police Detective Sgt. Ryan Raulerson.

Four bicycles were recovered, Raulerson said: one from Lakeside, one from Issaquah, one from Redmond, Wash. and one from Basalt, Colo.

The bike from Lakeside had been disassembled in order to sell individual parts, Raulerson said, but most of the pieces were still in the house and were recovered.

A couple of high-end frames had already been sold online and shipped off, Wrisley said, but most of the rest of the Lakeside items were intact. They're currently being held as evidence, he said, but eventually will be returned to Lakeside.

Martynenko was booked into King County Jail on multiple charges; he was released April 7, jail records show.

Raulerson said Martynenko's wife, Lyudmila Palanchuk, was also arrested, and Wrisley said she is believed to be the woman who entered the store with him during business hours on March 31.

Wrisley said she is not facing charges in Lake Oswego because the security footage does not appear to indicate that she was present during the robbery later that night.

Contact Lake Oswego Review reporter Anthony Macuk at 503-636-1281 or This email address is being protected from spambots. You need JavaScript enabled to view it..

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