In one of L.A.’s largest cash heists ever, burglars steal as much as $30 million from vault

[Stevicus]

In one of L.A.'s largest cash heists ever, burglars steal as much as $30 million from vault

Thieves stole as much as $30 million Sunday night at a facility in Sylmar where cash from businesses across the region is handled and stored.

www.latimes.com

In one of the largest cash heists in Los Angeles history, thieves made off with as much as $30 million in an Easter Sunday burglary at a San Fernando Valley money storage facility, an L.A. police official said.

The burglary occurred Sunday night at a facility in Sylmar where cash from businesses across the region is handled and stored, said L.A. Police Department Cmdr. Elaine Morales.

I had never even heard of "money storage facilities." I thought they were called "banks," but I guess that's old school thinking.

Mystery surrounds the break-in.

Sources familiar with the investigation told The Times that a burglary crew broke through the roof of the Gardaworld building on Roxford Street to gain access to the vault. But it is unclear how they avoided the alarm system.

The Canada-based security company has not responded to requests for comment.

I wonder why they didn't use a local security company. Apparently, one of the alarms did go off during the robbery, but it wasn't connected to local law enforcement.

A law enforcement source confirmed to The Times there was an effort to breach the side of the cash-holding building in addition to the roof. At least one alarm was triggered during the crime, but it was not connected to local law enforcement, according to a source familiar with the investigation who was not authorized to discuss it publicly.

Further adding to the intrigue is that very few individuals would have known of the huge sums of cash being kept in that safe, according to law enforcement sources.

The break-in was described as elaborate and suggested an experienced crew who knew how to gain entry to a secure facility and go unnoticed.

Scott Andrew Selby, co-author of “Flawless: Inside the Largest Diamond Heist in History,” said that the theft has “all the markings of a really well-thought-out job” that was done by a “professional crew,” adding that based on other major heists of this nature, it is likely that the thieves had some inside intelligence.

He said investigators will be “looking around the globe for crimes with a similar M.O.”

This was the largest cash heist in L.A. city history, surpassing the previous record set in 1997, when $18.9 million was stolen.

The prior largest cash robbery in Los Angeles was on Sept. 12, 1997, with the theft of $18.9 million from the former site of the Dunbar Armored facility on Mateo Street. Those behind the incident were eventually caught.

The article mentioned another robbery at a truck stop near the Grapevine when thieves made off with $100 million in jewels and gems.

In that case, thieves made off with the goods at 3 a.m. on July 11, 2022, taking more than 20 large bags stuffed with jewelry, gems and other items that the Brink’s tractor-trailer had been transporting to the L.A. area from the International Gem and Jewelry Show in San Mateo.

The heist occurred during a 27-minute window in which one driver slept in the vehicle’s sleeper berth and another ate a meal at the Flying J, a sprawling truck stop just off Interstate 5’s sinuous Grapevine in Lebec, Calif.

They really ought to have better security.

 

[Revoltingest]

They really ought to have better security.

Ya think?

 

[Stevicus]

Ya think?

Yep. In the Sylmar case, they said it was a "Canada-based security company," and they had no comment.

And the truck stop case, another "Brink's Job," dwarfed the amount stolen in the original Brink's Job they made a movie about.

 

[☆Dreamwind☆]

Wow, that ought to pay the rent for a full month! I also misread that as "Burgers steal as much as 30 million"

 

[Twilight Hue]

In one of L.A.'s largest cash heists ever, burglars steal as much as $30 million from vault

Thieves stole as much as $30 million Sunday night at a facility in Sylmar where cash from businesses across the region is handled and stored.

www.latimes.com

I had never even heard of "money storage facilities." I thought they were called "banks," but I guess that's old school thinking.





I wonder why they didn't use a local security company. Apparently, one of the alarms did go off during the robbery, but it wasn't connected to local law enforcement.







This was the largest cash heist in L.A. city history, surpassing the previous record set in 1997, when $18.9 million was stolen.



The article mentioned another robbery at a truck stop near the Grapevine when thieves made off with $100 million in jewels and gems.



They really ought to have better security.

Worthy of a movie I'm sure.

Still I wonder what happens when we someday usher in a cashless society where paper money will be completely useless.

Nobody could privately buy or sell anymore without involving a brokerage.

 

[Stevicus]

Wow, that ought to pay the rent for a full month! I also misread that as "Burgers steal as much as 30 million"

I think they were a bunch of hot dogs.

 

[Brickjectivity]

They really ought to have better security.

I hope it does not lead to more surveillance of the public. We're under too much scrutiny. They'll come for our raspberri pi's. "Raspberri pi's are too dangerous for the general public!" they'll say.