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Dunbar Armored robbery

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The Dunbar Armored robbery is the largest cash robbery to have occurred in the United States. It occurred in 1997 at the Dunbar Armored facility in Los Angeles, California. The thieves made off with some US$18.9 million.The robbery was masterminded by Allen Pace, who worked for Dunbar as a regional safety inspector. While on the job, Pace had time to photograph and examine the company's Los Angeles armored car depot. He recruited five of his childhood friends, and on the night of Friday, September 12, 1997, Pace used his keys to gain admittance to the facility. Pace had timed the security cameras and determined how they could be avoided. Once inside, they waited within the staff cafeteria, ambushing the guards one by one. Pace knew that on Friday nights the vault was open due to the large quantities of money being moved. Rushing the vault guards, the robbers managed to subdue them before they could signal any alarms. In half an hour, the robbers had loaded millions of dollars into a waiting U-Haul. Pace knew exactly which bags contained the highest denomination and non-sequential bills. He also knew where the recording devices for the security cameras were located and took these.The police immediately realized it was an inside job and closely examined Pace, but could find nothing. The gang worked hard to conceal their new wealth, laundering it through property deals and phony businesses. Eventually, one of the gang members, Eugene Lamar Hill, erred when he gave an unknowing associate a stack of bills still wrapped with the original cash straps. The associate went to the police, leading to the arrest of Hill, who soon confessed and named his associates. Allen Pace was arrested and sentenced to twenty-four years in prison. Less than half of the money was ever recovered, with some $10 million still unaccounted for.

Comparison to other robberies

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As of 2010, the three largest cash robberies ever committed on American soil were all carried out in 1997. In all three robberies, the target was an armored car or the storage facility of an armored car firm.

This September 1997 Dunbar Armored robbery - at $18.9 million (roughly 47% recovered) still considered the "largest cash robbery" in U.S. history - is similar in size to the March 1997 Loomis Fargo armored car robbery by Philip N. Johnson ($18.8 million, 95% recovered) and the unrelated October 1997 Loomis Fargo Bank Robbery ($17.3 million, 95% recovered).

These three robberies were the first to surpass the previous holder of the title "largest cash robbery" in U.S. history, the $7.1 million of the White Eagle robbery in September 1983.

See also

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  • List of famous bank robbers and robberies
  • Crime in the United States

Some of the content on this page has been provided by the following page on Wikipedia.org: http://en.wikipedia.org/wiki/Dunbar_armored_robbery

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