Michael Shane Winders, 37, and James Matthew Malone, 29, could be sentenced to 20 years in prison they are convicted of the theft of hundreds of thousands of dollars worth of backstage passes, music equipment, photographs and other Stevie Ray Vaughan memorabilia, The Austin American-Statesman reported Tuesday.
Jimmie Vaughan's manager, Cory Moore, said that all of the missing guitars belong to Jimmie and not his brother.
Neither of the two suspects has been taken into custody but bail for Winders has been set at $100,000 and Malone's bail was set at $132,000.
The police report said the two men were caught allegedly trying to sell some of the memorabilia to an auctioneer in Dallas, the American-Statesman said. Malone reportedly introduced Winders as his "partner in the collection."