Current:Home > Markets$30 million stolen from security company in one of Los Angeles' biggest heists -Balance Wealth Academy
$30 million stolen from security company in one of Los Angeles' biggest heists
View
Date:2025-04-25 09:40:19
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! (447)
Related
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- '9-1-1' Season 7: Premiere date, time, cast, channel, where to watch new episodes
- Paul Alexander, Texas man who lived most of his life in an iron lung, dies at 78
- Travis Kelce Details “Unique” Singapore Reunion With Taylor Swift
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- '9-1-1' Season 7: Premiere date, time, cast, channel, where to watch new episodes
- 2024 NFL free agency updates: Tracker for Tuesday buzz, notable moves with big names still unclaimed
- Health care providers may be losing up to $100 million a day from cyberattack. A doctor shares the latest
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Wisconsin Supreme Court will reconsider ruling limiting absentee ballot drop boxes
Ranking
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Tamron Hall's new book is a compelling thriller, but leaves us wanting more
- Olivia Munn Shares Breast Cancer Diagnosis
- Retired UFC Fighter Mark Coleman in a Coma After Rescuing Parents From House Fire
- What do we know about the mysterious drones reported flying over New Jersey?
- Jelly Roll, Lainey Wilson, Kelsea Ballerini, more lead 2024 CMT Music Awards nominees
- Bears signing Jonathan Owens, Simone Biles' husband, to 2-year deal: 'Chicago here he comes'
- Warriors star Steph Curry says he's open to a political career after basketball
Recommendation
What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
Nebraska governor approves regulations to allow gender-affirming care for minors
Republican New Mexico Senate leader won’t seek reelection
The Best Blue & Green Light Therapy Devices for Reduced Acne & Glowing Skin, According to a Dermatologist
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
Brooklyn's 'Bling Bishop' convicted for stealing from parishioner, extortion attempt
Five most underpaid men's college basketball coaches: Paris, Painter make list
Stock market today: Asian shares mostly rise after Wall Street’s record rally