In Short
- The biggest cash theft in Los Angeles history occurred at the Mateo Street location that formerly housed Dunbar Armored Inc.
- The heist, totaling $18.9 million, shocked the city and law enforcement, prompting a widespread investigation.
- The suspects were eventually apprehended, but the impact of this historic crime reverberated throughout Los Angeles and the nation.
- This incident remains a significant event in the city’s history, highlighting the challenges and consequences of major cash heists.
TFD – Dive into the jaw-dropping details of the biggest cash theft in Los Angeles history, where a staggering $18.9 million was stolen from the Mateo Street location that once housed Dunbar Armored Inc. This high-profile heist sent shockwaves through the city and law enforcement, leading to a gripping investigation that eventually led to the apprehension of the suspects. Explore the intricacies of this historic crime and its lasting impact.
Up to $30 million was taken from a money storage facility in the San Fernando Valley, prompting the FBI and LAPD to launch one of the biggest cash heists in the city’s history, a law enforcement source briefed on the case told CNN on Thursday.
The insider stated that the break-in occurred on Easter Sunday night at a location in Sylmar, a San Fernando Valley suburban community, that handles and stores cash from local businesses.
The incident was initially reported by The Los Angeles Times.
The FBI’s Los Angeles office informed CNN on Thursday that they are collaborating with the Los Angeles Police Department to investigate “a large theft” in the San Fernando Valley. However, they would not release any other information, citing an ongoing investigation. The FBI was contacted by the LAPD for all comments.
The insider claimed that because the burglars were able to enter the building and the vault without setting off the alarms, detectives think the group is very skilled at avoiding detection. The source claimed the crime was uncovered on Monday and that one area of focus for the investigation is if the group had inside knowledge of the facility.
According to the source, the facility was run by the private security company GardaWorld. CNN has contacted the business to inquire about the incident.
The Los Angeles Times reports that the biggest cash theft in the city’s history occurred on September 12, 1997, when $18.9 million was taken from the Mateo Street location that once housed the Dunbar Armored Inc. plant. Eventually, the suspects were apprehended.
Conclusion
The $18.9 million heist at the Mateo Street location stands as a stark reminder of the challenges law enforcement faces in combating major cash thefts. While the suspects were apprehended, the impact of this historic crime continues to resonate in Los Angeles history. This incident serves as a testament to the vigilance required in safeguarding financial institutions and the ongoing efforts to prevent such large-scale thefts in the future.
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