ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

$30 Million Stolen From Security Company in Los Angeles On Easter Sunday

The suspects reportedly broke in through the roof and also managed to avoid triggering the theft alarm at the facility in the Sylmar area of the San Fernando Valley. 
PUBLISHED APR 8, 2024
Cover Image Source: YouTube | KTLA 5
Cover Image Source: YouTube | KTLA 5

Over $30 million from a money storage facility in Los Angeles was stolen on Easter Sunday in one of the biggest cash heists in the city's history, as per the Los Angeles Times. The suspects reportedly broke in through the roof and also managed to avoid triggering the theft alarm at the facility in the Sylmar area of the San Fernando Valley. 

While Los Angeles police refrained from naming the place where the theft took place, KABC-TV reported that it took place at GardaWorld, a global cash management and security company. 



 

Police also said 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. As per KABC-TV, an "apparent hole" was seen on the side of the building that was "boarded up," with a pile of debris next to it. 

Now, the theft is being investigated by the Federal Bureau of Investigation and the LAPD jointly. As per the law enforcement, the incident was perplexing, given that only a handful of people would have known about the money in the safe," via USA Today.

Experts say that the heist was pulled off by a "top-notch" group of criminals and may go unsolved. "This is a group that would have to have a lot of prior experience,” said Scott Selby, a Harvard-educated lawyer and co-author of “Flawless," a book about the famous Antwerp Diamond Heist, to The Post.

"It’s like if you were a gymnast, you know, by the time you’re world-quality, you’ve already done a lot of work," Selby added.

"We know they’re good because they got in and out without anybody noticing. And so far, there’s nothing obvious that leads the LAPD and FBI to know who they are," the expert added. 

The expert also talked about the possibility of this being an inside job, saying that "could very much be the case."



 

The heist immediately caught the attention of netizens who drew parallels with the 2022 $100 million in jewels heist in Los Angeles. Many took to X, formerly known as Twitter to share their thoughts.

"$30 million cash on hand and you’re telling me there is no human security team on site? Wow," writes @TomD80106675., while @Glendaragnarson, says, "That sounds like an inside job or inside assistance!"

In another incident last year, a huge "flash mob" robbery hit a high-end Yves Saint Laurent (YSL) store where the thieves managed to steal around $400,000 worth of clothes and accessories. 



 

The robbery was captured on camera and some videos made it online. In the video, a group of individuals were seen dressed in dark clothes and masks, storming into the store. The thieves then grabbed the cash and fled the scene in a matter of seconds. 

According to FBI Statistics, the crime rate in the country has dropped. However, the general perception says the opposite. "I don't believe it, plain and simple. I don't believe it because we're experiencing different results," Auriol Sonia Morris -- a South Carolina education, finance, and legal consultant who describes herself as a Black conservative Republican and a supporter of former President Donald Trump -- told ABC News.

MORE ON MARKET REALIST
Another contestant followed with a very absurd comparison that was not on the board as well.
3 hours ago
He eventually made it as a contestant on "Wheel of Fortune" but his story was still hilarious.
5 hours ago
Posters don't usually sound like items worth thousands of dollars, but in this case, things were different.
8 hours ago
It has been a long time since anyone has won the Bonus Round and fans are not happy about it.
9 hours ago
Memorabilia of the NBA legend has been valued at millions by auction houses.
1 day ago
She also opens up about other experiences with contestants on the show over the years.
1 day ago
The Spicer family did a 'herkie' during the game, a cheerleading posture named after National Cheerleaders Association founder Lawrence Herkimer. 
1 day ago
The fans were not happy that Seacrest accepted an answer even as the player threw in extra words.
1 day ago
Despite confirming its authenticity, Harrison had a tough time closing the deal due to the estimate.
1 day ago
The curse associated with player fatigue is something that champions have rarely been able to defy.
1 day ago
The sharks had an incredible time during the pitch, especially Mark Cuban who later offered a deal.
2 days ago
He was diagnosed with a rare condition and has remained positive about being part of a community.
2 days ago
There was a lot of anxiety in the air at one point, but things worked out.
3 days ago
The host of the show expected a fantastic voice but was left utterly disappointed.
3 days ago
Viewers argued that the game show was turning into a teenage "K-Pop community." 
3 days ago
The entrepreneur impressed the sharks with her immaculate pitch and outstanding numbers.
4 days ago
Fans were frustrated at the hopeless results in consecutive episodes of the show.
4 days ago
Greiner's hate for bugs and the numbers of The Bug Bite Thing compelled her to make an offer.
4 days ago
Some fans were not too let down as the player didn't figure out the puzzle anyway.
4 days ago