Current:Home > Markets$30 million stolen from security company in one of Los Angeles' biggest heists -CapitalEdge
$30 million stolen from security company in one of Los Angeles' biggest heists
View
Date:2025-04-13 06:12:21
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 [email protected] and follow her on X, the platform formerly known as Twitter @saman_shafiq7.
veryGood! (815)
Related
- US appeals court rejects Nasdaq’s diversity rules for company boards
- 3 Utah hikers drown after whirlpool forms in canyon in California's Sierra Nevada range
- It’s official, the census says: Gay male couples like San Francisco. Lesbians like the Berkshires
- Julianne Hough Details Gut-Wrenching Story of How Her Dogs Died
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Man accused of starting destructive California wildfire by throwing firework out car window
- Green Bay Packers trade for Malik Willis, a backup QB with the Tennessee Titans
- Atlanta’s former chief financial officer gets 3 years in federal corruption probe
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Polaris Dawn launch delayed another 24 hours after SpaceX detects helium leak
Ranking
- A South Texas lawmaker’s 15
- Ben Affleck's Rep Addresses Kick Kennedy Dating Rumors Amid Jennifer Lopez Divorce
- US appeals court revives a lawsuit against TikTok over 10-year-old’s ‘blackout challenge’ death
- Jenna Ortega addresses rumor she was in a 'serious relationship' with Johnny Depp
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- The Daily Money: Will new real estate rules hurt Black buyers?
- Erika Jayne's Ex Tom Girardi Found Guilty on 4 Counts of Wire Fraud
- 'Is she OK?': Scotty McCreery stops show after seeing man hit woman in crowd
Recommendation
House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
Health benefits of ginger: A guide to the plant's powers
Tulsi Gabbard, who ran for 2020 Democratic nomination, endorses Trump against former foe Harris
Jenna Ortega addresses rumor she was in a 'serious relationship' with Johnny Depp
NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
Man charged in Arkansas grocery store shooting sued by woman who was injured in the attack
NFL owners approve rule allowing portion of franchise to be sold to private equity firms
Is it OK to lie to your friends to make them arrive on time? Why one TikTok went wild