Current:Home > Stocks$30 million stolen from security company in one of Los Angeles' biggest heists -DollarDynamic
$30 million stolen from security company in one of Los Angeles' biggest heists
View
Date:2025-04-12 18:17:09
Thieves stole as much as $30 million from a money storage facility in Los Angeles on Easter Sunday in one of the biggest cash heists in the city's history, the Los Angeles Times reported.
Wednesday that The theft happened at a facility in the Sylmar area of the San Fernando Valley, where cash from businesses across the region is handled and stored, Los Angeles police Cmdr. Elaine Morales told the Times.
While Morales did not name the facility, KABC-TV reported that the theft took place at a GardaWorld, a global cash management and security company. GardaWorld did not immediately respond to USA TODAY's request for a comment Thursday.
Burglars entered without activating the alarm
The burglars were able to break into the building, as well as the safe where the money was stored, without activating the alarms, Morales told the newspaper. Officials familiar with the case told KABC-TV that the burglars might have entered the building through the roof and somehow made their way to the money storage area, "which may have been a vault."
Police told the Times that there was no indication of a heist from outside, and that the missing cash was not discovered until the vault was opened on Monday by the business operators.
KABC-TV reported that an "apparent hole" was seen on the side of the building "that was boarded up," with a pile of debris next to it. However, it is not clear if the damage was related to Sunday's heist.
Skimming fraud on the rise:New bust included pinhole cameras, authorities say
FBI and LAPD jointly investigating heist
Los Angeles police told USA TODAY that the theft was being jointly investigated with the Federal Bureau of Investigation and that all inquiries would be handled directly by the federal agency. The FBI, meanwhile, did not immediately respond to USA TODAY's request for an update on the investigation.
Law enforcement officials told the Times that the incident was perplexing, given that only a handful of people would have known about the money in the safe. The break-in was described as being elaborate, suggesting that those who were able to gain access to the facility were experienced and well-versed with the system.
Sunday's break-in is among the largest cash burglaries in Los Angeles, according to the Times. The extent of the damage will not be known until the investigation is complete.
Sylmar is approximately 23 miles north of downtown Los Angeles.
Saman Shafiq is a trending news reporter for USA TODAY. Reach her at sshafiq@gannett.com and follow her on X, the platform formerly known as Twitter @saman_shafiq7.
veryGood! (19)
Related
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- Daniel Radcliffe Reveals Sex of His and Erin Darke’s First Baby
- Kyle Richards and Mauricio Umansky Break Up After 27 Years of Marriage
- Lack of Loggers Is Hobbling Arizona Forest-Thinning Projects That Could Have Slowed This Year’s Devastating Wildfires
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Red States Still Pose a Major Threat to Biden’s Justice40 Initiative, Activists Warn
- What's Your Worth?
- Adele Is Ready to Set Fire to the Trend of Concertgoers Throwing Objects Onstage
- Rylee Arnold Shares a Long
- Hard times are here for news sites and social media. Is this the end of Web 2.0?
Ranking
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Cue the Fireworks, Kate Spade’s 4th of July Deals Are 75% Off
- Proponents Say Storing Captured Carbon Underground Is Safe, But States Are Transferring Long-Term Liability for Such Projects to the Public
- Adidas finally has a plan for its stockpile of Yeezy shoes
- The White House is cracking down on overdraft fees
- Has JPMorgan Chase grown too large? A former White House economic adviser weighs in
- Nearly a third of nurses nationwide say they are likely to leave the profession
- Fox isn't in the apology business. That could cost it a ton of money
Recommendation
At site of suspected mass killings, Syrians recall horrors, hope for answers
Cyberattacks on health care are increasing. Inside one hospital's fight to recover
More Mountain Glacier Collapses Feared as Heat Waves Engulf the Northern Hemisphere
Inside Malia Obama's Super-Private World After Growing Up in the White House
'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
Today’s Al Roker Is a Grandpa, Daughter Courtney Welcomes First Baby With Wesley Laga
A new film explains how the smartphone market slipped through BlackBerry's hands
Elon Musk threatens to reassign @NPR on Twitter to 'another company'