Two people accused of stealing a Confederate monument worth $500,000 from an Alabama cemetery were arrested in New Orleans, police say

• Two people were arrested for a stolen historic chair that was taken from a cemetery in Alabama.
• Stanley Warnick and Kathryn Diionno were arrested by New Orleans police, a news release said.
• Police are still looking for a third suspect, Stanley Pate, in connection to the theft, according to the news release.

Two people were arrested and a third person is at large for the theft of a Confederate statue worth $500,000 from a cemetery in Alabama, according to reports.

The Jefferson Davis Memorial Chair was taken from Old Live Oak Cemetery in Selma, Alabama in March, WWLTV reported. According to the report, the Confederate president's concrete chair was discovered in New Orleans on Thursday after authorities received a tip.

According to a news release obtained by Insider from the New Orleans Police Department, the historic chair was returned to its owners, United Daughters of Confederacy's Chapter 53, without damage.

A group dubbed "White Lies Matter" who claimed they were behind the monument removal told local news in an email that they would return the chair to the organization if they hang a banner with a quote from Assata Shakur at their headquarters located in Richmond, Virginia for a 24 hour period on Friday.

"Failure to do so will result in the monument, an ornate stone chair, immediately being turned into a toilet," the email said, according to AL.com. "If they do display the banner, not only will we return the chair intact, but we will clean it to boot."

Two suspects, Stanley Warnick and Kathryn Diionno were arrested by New Orleans police and charged with "possession of stolen property." The news release said police are still looking for Stanley Pate, and are seeking information in relation to this incident.

As CNN reported, the duo's lawyers, Michael Kennedy and Miles Swanson said they are not linked to any group.

"They are small business owners and community members. They are, if anything, themselves victims of mistakes of fact that have led to this unfortunate situation," the attorneys told CNN. "They look forward to clearing their names and disassociating their names from any criminal activity."

According to CNN, Warnick and Diiono were released on bail.