Burglars steal $30 million in cash from a Los Angeles money storage facility – one of the city's largest cash heists [CNN]
Brinks Company (The) (BCO)
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Source: CNN
Business owners didn't discover the theft until they opened the vault at the storage facility on Monday, the outlet said. And although the burglars successfully breached the money storage facility, exactly how they managed to bypass its sophisticated alarm system remains a mystery, sources familiar with the investigation told the LA Times. The LAPD and the FBI are conducting a joint investigation, the agencies said in a statement obtained by CNN affiliate KCAL CNN has also reached out to the FBI and LAPD. Previously, the largest cash heist in the city happened on September 12, 1997, when $18.9 million was stolen from the former site of the Dunbar Armored Inc. facility on Mateo Street. Those suspects were eventually caught, according to the LA Times.
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- 5/8/24 - Beat
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- 5/8/24 - Form 10-Q
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- 5/6/24 - Form 4
- BCO's page on the SEC website