Burglary Suspect: 'R' Stands for Rachel … Bilson

If you got it, flaunt it — something Hollywood Hills Buglar Bunch suspect Rachel Lee may be guilty of doing with a necklace that was allegedly stolen from Rachel Bilson

According to a Las Vegas search warrant affidavit, Nick Prugo gave cops a photo from a video conference he had with Lee. In it, Prugo said Lee was wearing a “yellow metal pendant with an inscription of the letter ‘R’ … and advised that this necklace was stolen from Rachel Bilson’s residence.”

As TMZ first reported, authorities claim Nick Prugo provided a full confession about the crimes and pointed out Lee as the “driving force” of the burglar crew.