Updated after the jump: The other shoe has dropped — Lohan's getting slapped with a theft charge.

To charge or not to charge. That's the question for prosecutors today as troubled actress Lindsay Lohan faces more trouble — or not — for her possible role in making a necklace go away from a Venice jewelry store.

TMZ reports that the L.A. District Attorney's office could bring charges Monday in the case in which the $2,500 necklace apparently walked away from Kamofie & Company on Abbot Kinney Boulevard.

Lohan was reportedly seen subsequently wearing the jewels. Here's the thing, though …

… TMZ's Harvey Levin has said the shop practically begged her to wear its items as a way to promote business.

After the store complained that the necklace was missing last month — and cops prepared a warrant to search Lohan's Venice home — the item was returned to the LAPD Pacific Division.

That didn't mean Lohan was out of the woods though.

The D.A.'s office says the case is under investigation but wouldn't confirm charges might be pending.

Lohan's lawyer, Shawn Chapman Holley, told TMZ “we vehemently deny these allegations.”

If she does catch a charge it could be bad news for Lohan, who's on probation for a DUI and drug case. She's also in hot water for allegedly assaulting a worker at Betty Ford Center, where she was in rehab last year.

Update: The D.A.'s office Tuesday afternoon announced that Lohan would be charged with one count of grand theft in connection with the once-missing necklace.

She's scheduled to be arraigned Wednesday at the LAX branch of Superior Court.

Bad news for Lohan (good news for those who live near the Beverly Hills court — no helicopters tomorrow).

Will this mean she has violated probation and will be sent back behind bars? We'll be watching.

-With reporting from City News Service. Got news? Email us. Follow us on Twitter, too: @dennisjromero.

First posted at 9:24 a.m. Monday

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