PALO ALTO, California (AP) — The man accused of breaking into Steve Jobs' house made off with the Apple Inc. co-founder's wallet with $1 inside, in addition to Apple gadgets and $60,000 in jewelry, a police report says.

The San Jose Mercury News reported the details of the July 17 theft on Wednesday.

The suspect, Kariem McFarlin, 35, targeted the unoccupied home because it was under renovation, authorities said. When construction crews left, he jumped a fence and found a spare key, according to the report. McFarlin apparently realized he was in Jobs' house when he saw a letter addressed to him.

"There's certain things you don't do, and burglary is one of them. But burglarizing an icon like that, that just puts yourself pretty much in the deep hole," McFarlin's former boss, Ross Rankin, told the newspaper.

Taken were iPhones, iPads, iPods, Macs, Cristal Champagne and $60,000 worth of Tiffany & Co. jewelry. McFarlin sold the jewelry to a dealer online and gave the iPads to a daughter and a friend, according to the report.

Police said McFarlin was arrested earlier this month after using the stolen devices to connect to the Internet.

McFarlin wrote an apology letter to Jobs' widow, according to the police report.

He remains jailed on $500,000 bail and is expected to appear in court Monday. He faces almost eight years in prison if convicted.

His public defender did not return a call for comment.

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  • "Come on, replace Steve? No. He's irreplaceable." <strong>November 10, 2008</strong> Source: <em><a href="http://money.cnn.com/2008/11/09/technology/cook_apple.fortune/index.htm" target="_hplink">Fortune</a></em>

  • "Steve has been an incredible leader and mentor to me" <strong>August 25, 2011</strong> Source: Internal Apple email via <a href="http://arstechnica.com/apple/news/2011/08/tim-cook-e-mail-to-apple-employees-apple-is-not-going-to-change.ars" target="_hplink">Ars Technica</a>

  • "No more than five minutes into my initial interview with Steve I wanted to throw caution and logic to the wind and join Apple" <strong>May 14, 2010</strong> Source: Auburn University Commencement via <a href="http://www.edibleapple.com/tim-cook-joining-apple-was-the-best-decision-that-i-ever-made/" target="_hplink">Edible Apple</a>

  • "I share Steve's optimism for Apple's bright future." <strong>August 25, 2011</strong> Source: Internal Apple email via <a href="http://arstechnica.com/apple/news/2011/08/tim-cook-e-mail-to-apple-employees-apple-is-not-going-to-change.ars" target="_hplink">Ars Technica</a>

  • "We are all very happy with product pipeline and the team here has an unparalleled breadth and depth that Steve has driven in the company, and excellence has become a habit." <strong>January 18, 2011</strong> Source: Q1 2011 earnings call via <a href="http://www.macstories.net/news/apple-q1-2011-financial-results-26-74-billion-revenue-7-33-million-ipads-sold/" target="_hplink">Mac Stories</a>

  • "We are really looking forward to Steve's ongoing guidance and inspiration as our Chairman." <strong>August 25, 2011</strong> Source: Internal Apple email via <a href="http://arstechnica.com/apple/news/2011/08/tim-cook-e-mail-to-apple-employees-apple-is-not-going-to-change.ars" target="_hplink">Ars Technica</a>

  • "My intuition already knew that joining Apple was a once in a lifetime opportunity to work for the creative genius and be on the executive team that could resurrect a great American company." <strong>May 14, 2010</strong> Source: Auburn University Commencement via <a href="http://www.edibleapple.com/tim-cook-joining-apple-was-the-best-decision-that-i-ever-made/" target="_hplink">Edible Apple</a>