Apr 4, 2024
2 mins read
2 mins read

Burglars Steal $30 Million in Cash in One of the Largest Cash Heists in Los Angeles History

LOS ANGELES (NEWSnet/AP) — Thieves stole $30 million in cash from a money storage facility in Los Angeles by breaking into the building on Easter Sunday and cracking the safe.

Police Cmdr. Elaine Morales told The Los Angeles Times that the thieves were able to breach the building and the safe where the money was stored.

The business operators did not discover the massive theft until they opened the vault Monday.

Media reports identified the facility as a location of GardaWorld, a global cash management and security company, in Sylmar. 

Several TV crews were filming outside the facility Thursday morning in an industrial part of Sylmar, a neighborhood in the San Fernando Valley, about 20 miles north of downtown Los Angeles.

Aerial footage from KABC-TV showed a large cutout on the side of the building that appears to be boarded up by a piece of plywood.

The LAPD would say Thursday only that the theft is being investigated by the FBI.

The Times reported that the break-in was among the largest cash burglaries in city history, and that the total surpassed any armored-car heist in the city, as well.

Nearly two years ago, as much as $100 million in jewels and other valuables were stolen from a Brink’s big rig at a Southern California truck stop. The thieves haven’t been caught.

Follow NEWSnet on Facebook and X platform to get our headlines in your social feeds.

Copyright 2024 NEWSnet and The Associated Press. All rights reserved.