Current:Home > Markets$30 million stolen from security company in one of Los Angeles' biggest heists -CoinMarket
$30 million stolen from security company in one of Los Angeles' biggest heists
View
Date:2025-04-19 04:34:59
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! (3)
Related
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Psst, You Can Shop These 9 Luxury Beauty Brands at Amazon's Summer Beauty Haul
- 'Frightening experience': Armed 16-year-old escorted out of Louisiana church by parishioners
- US energy panel approves rule to expand transmission of renewable power
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- Proposed Minnesota Equal Rights Amendment draws rival crowds to Capitol for crucial votes
- The Nebraska GOP is rejecting all Republican congressional incumbents in Tuesday’s primary election
- Florida family’s 911 call to help loved one ends in death after police breach safety protocols
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Proposed settlement is first step in securing Colorado River water for 3 Native American tribes
Ranking
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Miss Teen USA 2023 Runner-Up Declines Title After Winner UmaSofia Srivastava Steps Down
- Alert! Old Navy Dresses Are 50% off & the Deal Ends Tonight -- Chic Styles Start at $12
- Red Sox great David Ortiz, who frustrated Yankees, honored by New York Senate
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- Diver exploring World War II-era shipwreck off Florida goes missing
- Scrutiny still follows Boston Celtics, even if on brink of eliminating Cleveland Cavaliers
- Cavaliers star guard Donovan Mitchell misses Game 4 against the Celtics with a strained left calf
Recommendation
'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
Travis Barker’s Extravagant Mother’s Day Gift to Kourtney Kardashian Is No Small Thing
Chris Hemsworth Reveals What It’s Really Like Inside the Met Gala
IRA or 401(k)? 3 lesser-known perks to putting your retirement savings in a 401(k)
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
'Frightening experience': Armed 16-year-old escorted out of Louisiana church by parishioners
Truck driver accused of intentionally killing Utah officer had been holding a woman against her will
Nevada Supreme Court rejects teachers union-backed appeal to put A’s public funding on ’24 ballot