Thieves Stole $30 Million in Cash in Easter Sunday Los Angeles Heist

Armored trucks are parked outside the GardaWorld facility in the Sylmar section of Los Ang
AP Photo/Richard Vogel

LOS ANGELES (AP) — Thieves got away with $30 million in cash from a money storage facility in Los Angeles by breaking into the building on Easter Sunday and cracking the safe. Now detectives are seeking to unravel the brazen cash heist, reportedly one of the largest on record in Los Angeles.

Police Cmdr. Elaine Morales told The Los Angeles Times, which broke the news of the crime, that the thieves were able to breach the building, as well as the safe where the money was stored. The operators of the business 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. The Canada-based company, which also operates fleets of armored cars, did not immediately respond to a request for comment from The Associated Press.

Several TV news crews were filming outside the facility Thursday morning in an industrial part of Sylmar, a neighborhood in the San Fernando Valley, about 20 miles (32 kilometers) 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 and FBI on Thursday would only say that they were jointly investigating the theft.

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.

Jim McGuffey, an armored car expert and security consultant, called the Sylmar theft “a shock.” Any such facility should have two alarm systems and a seismic motion detector right on the safe, he said, as well as additional motion sensors throughout the building.

“For that kind of money, you don’t just walk in and walk out with it,” he told the AP. “A facility should be protected from the top to the bottom and the sides.”

GardaWorld has a good reputation in the industry, McGuffey said, but every cash management company has “isolated incidents like this that just make no sense, but it happens to the best of them.”

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