Up to $30 million in cash stolen from Los Angeles building, making it largest heist in city's history [CBS News]
Brinks Company (The) (BCO)
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Source: CBS News
The amount stolen from GardaWorld in Sylmar on Easter Sunday could be as much as $30 million dollars, though the amount could be lower. Investigators are calling the heist a sophisticated operation. Burglars broke through the building's roof and gained access to the vault without triggering the facility's alarm system. The business stores and handles large amounts of cash for other businesses, and the burglary was not discovered until Monday, when employees opened the vault. "The LAPD and the FBI have a joint investigation into an alleged burglary that occurred on Sunday evening, March 31, 2024. No additional information related to the incident is being released," the agencies said in a joint statement. No arrests have been made yet and a manhunt is underway for the those responsible. The other largest Los Angeles heist on record is in 1997, when six men robbed the Dunbar Armored facility of $18.9 million. RELATED: $10 million worth of jewelry stolen from Brink's tractor-
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News
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- Brink’s Schedules First-Quarter 2024 Earnings Release and Conference Call for May 8, 2024GlobeNewswire
- The Brink's Company: Valuation Not Cheap Enough Yet [Seeking Alpha]Seeking Alpha
- Netevia and BLUbeem by Brink's Partner to Enhance Financial Offerings for Retail and Hospitality Industries [Yahoo! Finance]Yahoo! Finance
- The perfect heist? Theft of up to $30 million from L.A. vault was seamless, sophisticated, stealthy [Los Angeles Times (CA)]Los Angeles Times
BCO
Earnings
- 2/29/24 - Beat
BCO
Sec Filings
- 4/11/24 - Form 4/A
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- BCO's page on the SEC website