On July 16,
telephone lines to the Chowchilla Police Department were jammed with calls from
media and frantic families. The kidnappers therefore were unable to issue their $5 million ransom demand (equivalent to $ million in ). They decided to call back later and fell asleep. When they awoke later in the evening, they saw television news reports that the victims had freed themselves and were safe. Meanwhile, local law enforcement and the
FBI had immediately begun investigating 24-year-old Frederick Newhall Woods IV, the son of Frederick Nickerson Woods III, owner of the California Rock & Gravel quarry. It was discovered that the younger Woods had keys to the quarry, unlimited access and free use of its facilities. Additionally, Woods and two friends, brothers James and Richard Schoenfeld (aged 24 and 22, respectively), had been previously convicted of
motor vehicle theft, for which they were sentenced to probation. Local law enforcement obtained and executed a
search warrant for Hawthorne, the 78-acre Woods estate in
Portola Valley. In the younger Woods' room, investigators found journals, a draft of the ransom demand, maps, notes, plans, receipts for the vans and the trailer, false identification, one of the guns used in the kidnapping and the hamburger wrapper on which were written the names and ages of each kidnapped child. The notes outlined plans to have the ransom money dropped from a plane into the
Santa Cruz Mountains at night and retrieve it under cover of darkness. Also discovered was a rental contract for a storage facility. There, the vans used to transport the victims were found, as well as a getaway vehicle, a Cadillac spray-painted with flat black
night camouflage. Warrants for the arrests of Woods and the two Schoenfeld brothers were issued. Eight days after the kidnapping, Richard Schoenfeld voluntarily surrendered to authorities. James Schoenfeld later stated that despite coming from wealthy families, both he and Woods were deeply in debt: "We needed multiple victims to get multiple millions and we picked children because children are precious. The state would be willing to pay ransom for them. And they don't fight back. They're vulnerable. They will mind." All three pleaded guilty to kidnapping for ransom and robbery but refused to enter a guilty plea to infliction of bodily harm, as a conviction on that count in conjunction with the kidnapping charge carried a mandatory sentence of life in prison without the possibility of parole. They were tried on the bodily harm charge, found guilty and given the mandatory sentence but their convictions were overturned by an appellate court which found that physical injuries sustained by the children (mostly cuts and bruises) did not meet the standard for bodily harm under the law. They were resentenced to life with the possibility of parole. and James Schoenfeld was paroled on August 7, 2015. In 2016, a
worker's compensation lawsuit filed against Woods revealed that he had been running several businesses, including a
gold mine and a
car dealership, from behind bars without notifying prison authorities. The heir to two wealthy California families, the Newhalls and the Woods, he inherited a
trust fund from his parents that was described in one court filing as being worth $100 million (equivalent to $ million in ), although Woods' lawyer disputed that amount. Over the years, reasons given for the denials included his continued minimization of the crime as well as disciplinary infractions for possession of contraband pornography and cellphones. Woods married three times while in prison, and purchased a mansion about half an hour away. Governor
Gavin Newsom asked the board to reconsider but the decision was affirmed. On August 17, 2022, it was reported that Woods' parole had been granted and he was to be released from prison. ==Aftermath==