LOS ANGELES (CBSLA.com/AP) — Los Angeles police are searching for a suspect who stole $47,000 in cash that his victim intended to use to buy a car, then fired shots and crashed a vehicle as he eluded arrest.

Officer Sal Ramirez says the suspect was armed with a rifle when he approached the victim and went through his pockets Wednesday in Tarzana.

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The thief then searched the victim’s vehicle and discovered the cash that he was carrying to purchase a new car.

The suspect fired shots as the victim chased after him. Then as he led officers on a vehicle chase, the suspect crashed a car and ran off into a neighborhood.

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Police set up a perimeter and searched for hours in an area bordered by Hatteras and Oxnard streets, and Reseda Boulevard and Etiwanda Avenue. The suspect was not found.

Investigators have not released a suspect description.

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