Current:Home > Markets$30 million stolen from security company in one of Los Angeles' biggest heists -Global Finance Compass
$30 million stolen from security company in one of Los Angeles' biggest heists
View
Date:2025-04-17 19:43:06
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! (76)
Related
- Global Warming Set the Stage for Los Angeles Fires
- Russell Wilson injury updates: Latest on Steelers QB's status vs. Broncos
- 2024 Emmys Fans Outraged After Shelley Duvall Left Out of In Memoriam Segment
- 2024 Emmys: Jennifer Aniston Debuts Shocking Fashion Switch Up on the Red Carpet
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Dance Mom's Abby Lee Miller Makes Surprising Appearance at 2024 Emmys
- Canelo Alvarez wins unanimous decision in dominating title defense against Edgar Berlanga
- 2024 Emmys: You Might Have Missed Selena Gomez and Benny Blanco's Sweet Audience Moment
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- 3 dead, 2 injured in Arizona tractor-trailer crash
Ranking
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- How new 'Speak No Evil' switches up Danish original's bleak ending (spoilers!)
- Tropical storm warning is issued for parts of the Carolinas
- Canelo Alvarez vs. Edgar Berlanga fight card results, round-by-round analysis
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Get 50% Off Jennifer Aniston's LolaVie Detangler, Fenty Beauty by Rihanna Powder & $10.50 Ulta Deals
- D'Pharaoh Woon-A-Tai arrives at the Emmys with powerful statement honoring missing Indigenous women
- UFC 306 live updates: Time, streaming for O'Malley vs. Dvalishvili card
Recommendation
New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
3 dead, 2 injured in Arizona tractor-trailer crash
2024 Emmys: Jennifer Aniston, Brie Larson, Selena Gomez and More Best Dressed Stars on the Red Carpet
Russell Wilson injury updates: Latest on Steelers QB's status vs. Broncos
Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
River otter attacks child at Washington marina, issue with infestation was known
JoJo opens up about support from Selena Gomez, Taylor Swift during record label battle
Canelo Alvarez wins unanimous decision in dominating title defense against Edgar Berlanga