Biggie Smalls - real name Christopher Wallace - was also known as the Notorious B.I.G.
He was shot dead in 1997.
Jones also told police he had been threatened with a knife by one of the men.
"One of them ... forced him under duress to put the screwdriver in his pants," Const Van Der Merwe said.
Police say CCTV footage from the warehouse shows three motorcycles being moved from their storage positions by two men.
Allied Seafreights' warehouse and container facility on Dohertys Road had been repeatedly targeted by thieves in the weeks before Jones was arrested, Van Der Merwe said in a preliminary brief tendered to court.
Ten motorcycles were reported stolen on July 4, and police suspect Jones may have been involved with the earlier thefts.
Jones is fighting the charges against him.
The 26-year-old applied for bail today, which was opposed by police.
Magistrate Mary-Anne MacCallum has reserved her decision.
- AAP