SAN JOSE — Police have arrested two Central Valley men and are looking for a third suspect in connection with a March armed robbery in which a man was reportedly ambushed then shot while his assailants made off with property worth thousands of dollars, authorities said.

The shooting was reported March 23 around 2:30 a.m., after a man walking near Phelan Avenue and Monterey Road was approached by three men in a car, who soon after got out and pointed guns at him, according to San Jose police.

A physical fight ensued, and the man was shot and wounded while wrestling with one of the attackers, police said. The three men from the car reportedly took $40,000 worth of items from the victim and fled.

An ensuing police investigation identified two suspects: Joseph Mario Rico, 39, of Mountain Ho

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