Lindsay Lohan's preliminary hearing is on lunch break, but RadarOnline.com has a rundown of what has transpired so far.

Follow @radar_online on Twitter for live updates when Lindsay is back in court!

Two witnesses were called to the stand from the jewelry store accusing Lindsay of stealing their necklace - clerk Tinelli Comsooksri, and store owner Sofia Kaman.

Comsooksri testified that Lindsay was in Kamofie & Company on January 18, 2011 where she tried on 18 karat white gold earrings worth $1,180 but failed to take out one of the earrings before trying to leave the store and Comsooksri had to ask for it back.

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According to Comsooksri, she sent an email to the store owner that Lindsay had inquired about jewelry, but didn't make a purchase. However, the email did state that Lindsay "forgot she had the earring in her ear" and noted that Lindsay looked in the mirror with the earring on before she tried to leave the store, with hair covering the earring.

When Kaman took the stand she admitted marking up the necklace in question from $850 to $2,500, but testified that Lindsay didn't pay for the necklace and the two had no agreement - and that their store doesn't loan out jewelry.

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Kaman said Lindsay and her friend Patrick were in the store for about 45 minutes and it wasn't until 10 minutes after they'd left that she realized Lindsay had the necklace. Kaman said Lindsay had told her she'd be back the next day to purchase a ring, but when she didn't show up, Kaman called the police to report the stolen necklace.

The store owner also testified that Lindsay's assistant, Elinore, called her on February 1, 2011 to try and return the necklace, the same day RadarOnline reported that a search warrant had been issued for the 24-year-old Mean Girls star.

A brown leather necklace and a Cartier necklace that Lindsay was wearing on the day of the alleged theft were admitted into evidence by her attorney, Shawn Holley.

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So far it looks like there's sufficient evidence to take Lindsay's case to trial. The issue that's still up in the air though is whether or not it will stay as a felony, or get reduced to a misdemeanor - which is up to Judge Stephanie Sautner.

When court reconvenes they will be calling the investigating officer and officer that Lindsay's assistant turned the necklace over to up on the stand to testify.

As for Lindsay's conservative courtroom couture, the actress told RadarOnline.com she's wearing, "Lanvin vintage pants and Lanvin shoes, a Fendi purse and Wolford top."

What do you think - should Lindsay stand trial for felony theft, or should it be reduced to a misdemeanor?

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The jewelry store at the center of the Lindsay Lohan theft case is charging online users $2.99 to watch the surveillance video showing the actress allegedly stealing a $2500 necklace, RadarOnline.com is exclusively reporting.

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The video, which was first obtained by The Associated Press and licensed to Entertainment Tonight, shows four different camera angles and is 42 minutes in length.

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On necklacevideo.com, a representative associated with Kamofie & Company is promising to post “new content every day” and are attempting to seduce an audience to “come back tomorrow for more.”

“We will help you make-up your mind about what really happened,” the website brazenly declares.

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It is yet another bizarre development from the Venice Beach, Calif., store which also attempted but failed to attract a book deal.

They even touted a possible movie chronicling the high-profile case.

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In an email promoting the website, necklacevideo.com declares that it can provide answers to whom to believe in the case and even whether Lohan, 24, will “someday win the Academy Award for Best Actress.”

“NecklaceVideo.com is disclosing everything,” it’s said, adding: “The entire video surveillance footage, the real nature of the necklace, the supposed dialogue between Lindsay and the salesgirl.”

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The Mean Girls starlet was charged with one count of felony grand theft in connection with the stolen goods.

Lohan and her lawyer, Shawn Holley, have maintained her innocence and rejected a plea deal that would have involved jail time.

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Even though Kamofie & Company, the jewelry store that Lindsay Lohan allegedly stole a $2500 necklace from have sold the surveillance tape for a profit, and is even seeking a book deal, sources connected to the case reveal that their actions don't alter or mitigate the fact a crime may have been committed.

"Danette Meyers has a very strong case against Lindsay, even though the owners are now profiting after the fact the crime occurred,” a source close to the situation told RadarOnline.com. “The surveillance video shows Lindsay walking out of the store with the necklace on, period. The clerk didn't notice that Lindsay still had the necklace on when Lindsay left the store. The jewelry store owners’ actions subsequently don't change the facts of what occurred."

The jewelry store that accused Lindsay Lohan of stealing a necklace is destroying her life -- just to make a fast buck -- says a good pal of Lindsay's in an exclusive interview with RadarOnline.com.

"I see, and I know the truth, says Nathan Folks, the movie producer who cast Lohan in his upcoming crime drama Escaping the Game.

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"It is hard to watch what this jewelry store is putting her through when she is innocent. They feel justified destroying her life, just to make a buck, it's really terrible."

A representative for the jewelry store that tried to sell a book about the Lindsay Lohan theft case tells RadarOnline.com that a movie deal would be even better!

Lohan, 24, is currently facing a felony grand theft charge after allegedly stealing a "one of a kind" necklace from Kamofie and Company in Venice Beach, California.

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Lindsay Lohan’s outing to Kamofie & Company not only led to criminal charges against the actress but now may be the center of a civil lawsuit filed by Lindsay or her family.

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Outraged over the selling of the surveillance video showing Lindsay in the store, Lindsay’s mother Dina tells RadarOnline.com exclusively that they are considering a lawsuit against the shop.

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RadarOnline.com broke the story that Kamofie & Co. sold the surveillance tape for more than $35,000, divvying up the rights for TV, the Web, the U.S. and abroad. A spokesperson for the store told RadarOnline.com that business had been hurt by the Lindsay controversy.  The same spokesperson was quoted by the New York Post saying: "There was no profit motive here. The purpose was to get people off their back."

Lindsay Lohan's posh friend, Lady Victoria Hervey has jumped to her defense making light of the felony grand theft charges the troubled star is facing.

RadarOnline.com can reveal the British socialite is backing her buddy after she was accused of stealing a $2500 necklace, and in a shocking statement she has down played the alleged theft as no big deal.

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Taking to her Twitter page to stand up for Lohan, Hervey made an obvious reference to the story just minutes after RadarOnline.com reported the news that she would be charged in court tomorrow.

"When I picture the term 'grand theft' in my head, a small thin strand doesn't come to mind, the crown jewels do….I mean." She wrote.

Inferno director Matthew Wilder has told RadarOnline.com: "We would never have got our movie made if Lindsay Lohan was still attached to it."

Wilder went through a rollercoaster of emotions when the troubled actress was supposed to be playing tragic porn star Linda Lovelace as her never ending legal woes constantly threatened to torpedo the project.

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And now that she is facing the possibility of up to three years in state jail if she is charged with felony grand theft plus six months for breaking her current probation, Wilder has been left scratching his head.

"To tell you the truth I have a total sense of relief because the reality is we would never have got our movie made if Lindsay Lohan was still attached to it." He told RadarOnline.com.

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"We are now due to start filming in New Orleans in April with Malin Akerman instead of Lindsay Lohan and everybody cannot wait.

"Despite everything that happened with Lindsay I would be horrified if she went to jail and to tell you the truth I just feel sorry for her because sadly she has some real issues to deal with.

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"It was funny because the paparazzi followed Malin recently but it was a completely different vibe to Lindsay because she is such a different person.

"I can now just look forward to making our movie without any distractions and that just couldn't happen when we were involved with Lindsay Lohan.

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"I'm not sure if I was surprised or not that she got into trouble again I just wish she could get her life together at some point despite everything she put me through."

RadarOnline.com revealed that Lohan will not be charged today with felony grand theft in connection with the $2500 necklace she allegedly stole from a boutique in Venice.

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The former Mean Girls star is facing a legal nightmare as there is CCTV footage of her wearing it out of the store.

In addition she could still be charged in Riverside in connection with her alleged assault of Betty Ford care worker Dawn Holland last year although RadarOnline.com understands that this would only be a misdemeanor and that Beverly Hills Judge Elden Fox is not likely to take action against her over this particular incident.

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The Doomsday scenario for the actress is she's facing felony grand theft charges, which could lead to her probation from her prior DUI case being automatically revoked by Judge Fox resulting in serious jail time.

The theft charges are expected to be filed this week - more disturbing for her friends and family, as RadarOnline.com exclusively reported Lohan lied about ever being inside Kamofie & Company in Venice and she now  could be about to pay the ultimate price for her deception.

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In the moments after RadarOnline.com broke the world exclusive news that the LAPD had obtained a search warrant to look for a stolen necklace in Lindsay Lohan's house, the actress turned to a close adviser and claimed she had never been in the jewelry store which reported the theft.

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Lindsay's big lie fell eventually fell apart as more and more information was released, but it still shocked those close to her.

Now, she's facing felony grand theft charges, which could lead to her probation from her prior DUI case being revoked. The theft charges are expected to be filed this week, possibly as early as Monday.