Wells Fargo, which transports cash for clients, stored the money in its vault pending the opening of banks on Monday. On September 12, 1997, six men robbed the Dunbar Armored facility on Mateo St. in Downtown Los Angeles, California of US$18.9 million (equivalent to $30.1 million in 2019). He added that the defendants had ''stonewalled'' about the missing money in the hope of enjoying it later. 40 Black playwrights on the theater industry’s insidious racism. To preserve these articles as they originally appeared, The Times does not alter, edit or update them. Judge Weinfeld, noting that most of the money was still missing, described it as ''a substantial amount even in these days of inflation.'' Although three New York City men were convicted of that crime, only $960,000 of the $11.2 million take has been recovered. Here are the Los Angeles Times’ editorial board endorsements for president, California ballot measures and more. Wells Fargo security cameras videotaped the operation, but the gunmen’s faces were hidden by their masks. Where to vote. Called the Mastermind. A car belonging to alleged robbers burst into flames when they rammed it into a cash van during a cash-in-transit heist in Bloemfontein. The Wells Fargo armored truck was discovered later Monday on a lot near the Brooklyn Bridge. Although spectacular, Monday`s robbery set no records. The Dunbar Armored robbery is the largest cash robbery to have occurred in the United States. According to FBI records in Washington, the largest robbery from an armored car service was in 1982, when $11 million was taken from a Sentry Armored Car … Weather Alert in Winnebago, Ogle, McHenry, Livingston, Lee, La Salle, Lake, Kendall, Kankakee, Kane, Iroquois, Grundy, Ford, DuPage, DeKalb and Boone counties. “Maybe they got tired of carrying,” Chief of Detectives Richard Nicastro said. [MEAD - notes reaction to news.] Occasionally the digitization process introduces transcription errors or other problems; we are continuing to work to improve these archived versions. Judge Weinfeld, who gave sentences below the maximum total possible, imposed maximum fines on the father and son. Police were questioning Wells Fargo employees and searching the company`s personnel files in an effort to determine how the robbers knew the layout and routines of the terminal and how they had knew about the large amount of cash in the vault at the time. CBS Evening News for Monday, Dec 13, 1982 View other clips in this broadcast → ... (NYC) Robbery at Sentry Armored Car Company examined; films shown. Another $12 million was left behind. The police also are investigating why the firm`s sophisticated alarm system failed to function. [Company spokesperson Lance MEAD - note robbers took what they could carry.] Initially, authorities estimated the size of the loss at $25 million to $50 million. All three defendants will appeal the convictions, according to their lawyers. The robbery was masterminded by Allen Pace, who worked for Dunbar as a regional safety inspector. As the arriving employees opened the vault at 1:50 a.m., the robbers emerged from the shadows, brandishing pistols. The conspicuously bright red truck--minus the $7.8 million--was discovered abandoned three hours later in a parking lot beneath the Brooklyn Bridge approach on the Lower East Side. A fourth man, Demetrious Papadakis, was acquitted. He was described by the judge as ''the mastermind'' of the Sentry theft. The Times endorses one incumbent and three newcomers for the Los Angeles Community College District Board of Trustees. This is a digitized version of an article from The Times’s print archive, before the start of online publication in 1996. Less Than the Maximum. It is all here. Police said the raiders in Monday`s assault broke into the deserted terminal building on the southern edge of Greenwich Village by smashing through two cinder-block walls with drills and sledgehammers. Endorsement: The Times endorses Hoffman, Anderson, Henderson and Han for LACCD. New York City / Robbery #281574. Though it was an inside job, the robbers tried to make it look like a standard heist. However, at a midafternoon press conference, Richard Nicastro, the police department`s chief of detectives, announced that an audit had determined the actual amount taken was much less. Eddie Argitakos, 24, is an accountant who operated a travel agency in Queens. 3 ARE SENTENCED TO PRISON TERMS IN SENTRY THEFT. The theft, possibly the largest cash robbery in U.S. history, could have been even larger: The robbers left about $12 million in cash behind at the facility. Endorsements. Police theorized that the cash was probably transferred into other vehicles near the bridge. Like many New Yorkers tired of winter, Cristos Potamitis, 25, a former security guard for the Bronx-based Sentry Armored Car Courier Co., went to Puerto Rico late last month for a vacation. Police learned of the crime when one of the handcuffed guards was able to reach a pay telephone after the robbers left. He was accused of being ''the inside man'' who pretended that he had been overpowered by masked gunmen. Robert Johnston, the Police Department’s chief of operations, described the robbers as between 40 and 45 years old, and said that they were obviously professionals. Arrests made in Sentry heist. TimesMachine is an exclusive benefit for home delivery and digital subscribers. What he got instead was a surprise. Sentry Armoured Car Company was robbed of $11 million by its guard Christos Potamitis and his associates. '', The defense lawyers were Arnold D. Roseman for Mr. Potamitis, Joel Winograd for Eddie Argitakos and Michael Washor for Steve Argitakos. Wells Fargo offered a $350,000 reward for their arrest and conviction. With Prop. The stolen money was to have been deposited Monday morning in the Federal Reserve Bank in Lower Manhattan. “It (the money) was all stacked up and ready to go,” Nicastro said. As they were sentenced, the father and son bowed their heads, and their wives wept in the crowded courtroom of Federal District Court in Manhattan. The robbery is overshadowed only by the $11.2 million that disappeared from the Sentry Armored Courier Co. in the Bronx in December, 1982. Although three New York City men were convicted of … How to vote. The employees were told that they would not be hurt if they cooperated, and they were handcuffed to a forklift truck after their revolvers were confiscated. At the time, it was the largest cash heist in US history. See the article in its original context from. We just want the money.''. He said it took about 15 minutes to transfer about 100 bags of cash to the armored car. The maximum possible sentences that could have been imposed included 10 years for theft, 5 years for conspiracy and 5 years for each of several related charges, including the charge that Steve Argitakos had concealed stolen money. We asked 40 Black theatermakers for their stories. After smashing a 3-feet-square hole through a cinder-block wall outside the Merrill Lynch depot, the four then crawled inside and broke through a second wall to reach the second floor of the Wells Fargo terminal, which is at Houston and West Streets near the Hudson River. The initial investigation by a joint task force of police and FBI agents focused on how the robbers knew the Wells Fargo terminal’s security system so well. The largest cash heist in history was the December, 1982, holdup of the Sentry Armored Courier Co. in the Bronx. Mr. Argitakos's father, Steve, was sentenced to four years and fined $5,000 for hiding stolen money. The largest previous theft suffered by Wells Fargo was in September, 1983, when $7 million was stolen from a terminal in Hartford, Conn. Police and the FBI are still seeking Victor Manuel Gerena, a Wells Fargo security guard, in connection with that robbery. '', Steve Argitakos, a Queens businessman who is 49, was accused solely of helping to hide some of the money stolen from Sentry. 14, California voters will be asked for more borrowing to keep stem cell research going. What issues are on the ballot in California and Los Angeles County. [sergeant Thomas O'HALLORAN - describes robbery.] At least 106 people shot, 14 fatally, in Chicago weekend violence, Watch live: Gov. A somewhat larger number of bags containing a total of more than $12 million in cash was left in the vault. According to the authorities, one robber then said to the workers: ''Don`t worry. He said Mr. Potamitis, who was convicted of more charges, was fined somewhat less than the maximum so that his fines would not exceed the others. ''I would say you would have to have some knowledge of the premises,''. The largest cash heist in history was the December, 1982, holdup of the Sentry Armored Courier Co. in the Bronx. The employees were ordered to close their eyes and were handcuffed to a nearby forklift truck. 'A Crime of Greed'. The biggest heist in recent history was the $40 million in pure gold stolen by six masked gunmen from a security depot near London`s Heathrow Airport in November, 1983. J.B. Pritzker gives a coronavirus update, After Twitter outcry, 5 women detail Chris D’Elia’s alleged sexual improprieties. Ira H. Block, the chief prosecutor, said ''greed'' was the only explanation for the theft. Two of the workers searched the structure, but missed the robbers. The obviously well-planned attack was the fifth robbery in the New York metropolitan area since 1972 in which more than $4 million was stolen. The ski-masked bandits escaped in an armored truck after ambushing four employees of the facility as they opened the firm`s vault to prepare for the day`s business. An empty tan money bag was inside the truck, and detectives found that the lock on the rear door was cracked. We don`t want to hurt you. Review: In Netflix’s terrific ‘Forty-Year-Old Version,’ Radha Blank finds art in all the right places. A set of keys also was found next to the vehicle. The robbers temporarily freed one of the workers and ordered him to start the armored truck and open the loading dock’s doors so that they could leave with the cash in the truck.

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