Guess what Lindsay stole this time?

A $35,000 Rolex watch. Cops say the watch belongs to one of Lindsay Lohan’s friends who left it at her house and never got it back. Lindsay denies any knowledge of it but the cops have proof.

But sources tell us that cops have photographic evidence which could prove Lindsay knows exactly where the Rolex went. We’re told cops rolled over to Lohan’s pad Wednesday to question the actress about the Rolex — but Lindsay denied any involvement in the theft.

So far, no arrests have been made in the case — but it’s another major issue for Lohan … who seems to be in a downward spiral.

The first thing Lindsay should say when cops show her the photos is “shopped!” and add “I can see the pixels” and then shake her head and tell the cop to stop trolling her.