Remove the other sixteen bolts and take it for a short drive...

All joking aside, this happened to a friend of mine. Some punks stole his car and wanted the wheels, and used the above procedure to remove them. Somehow they got themselves caught in the act, which is how we know their procedure.

Of course, the wheels didn't fare as well as they would have, had the proper key or removal tools been used. But at least he got his car back with the wheels, and not too much damage.