Police confirm that Terry Branty was arrested for grand theft after the statuette went missing from the Governor’s Ball.
The 47-year old, Terry Branty was booked and has had bail set at $20,000 (£14,400). He will attend court at a future date.
The statue has since been returned to the best actress winner.
McDormand’s Oscar was awarded for playing a vengeance-seeking mother who is let down by the authorities after her daughter is raped and murdered. And it is her second Oscar.