Northern Bank Robbery | Brazil | Brinks Building | London Heathrow Airport

A History Of Missing Loot

by Jack Boulware
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In August 2005, a crew of thieves spent three months digging a tunnel underneath a busy city street in Fortaleza, Brazil, then busted their way into a bank vault and nabbed a whopping $67.8 million in cash. To date, police have recovered just $7 million. This is not uncommon: For many large-scale robberies, the entire amount of stolen loot is rarely found, leaving billions in missing currency, paintings, jewels, and gold bars floating in limbo around the world. Here are some highlights of the most infamous unsolved heists throughout history.
- Jack Boulware

1876
In January, New York thieves break into the new security system of the Northampton National Bank in
Massachusetts, stealing cash and bonds worth over $26 million today. A month later, they write a ransom note to the bank, offering to sell the bonds for cash. The bank negotiates for nearly a year before detectives arrest and convict the gang. The money is never recovered.

1945
As Hitler's empire collapses in April, the infamous Nazi gold collection, $3.34 billion worth of gold bars, stolen foreign currency, and jewels, suddenly disappears from Reichsbank vaults. It is called the world's largest bank robbery in history. Over the years, portions are found in Switzerland, Portugal, Spain, Sweden, and Turkey, but much of it remains missing. Search teams still hunt for Nazi gold - from the coast of Greece to bank vaults in Brazil
to the bottom of an alpine lake in Austria.

1950
In January, after two years of planning, armed robbers use copied keys to break into the "burglar-proof" Brinks Building in Boston. They nab $2.7 million in cash, checks, and money orders. The Great Brinks Robbery is labeled "the crime of the century." It takes until 1956 to charge and sentence eight of the thieves. Rumor has it that the money is hidden in the hills outside Grand Rapids, Minnesota.

1963
In August, 15 men tamper with train signals and stop the Glasgow-to-London mail train, stealing £2.6 million without firing a shot. Thirteen suspects of the Great Train Robbery are arrested and imprisoned. Three escape jail and become folk heroes - one of whom gets his life made into a movie starring Phil Collins. The lost money was never recovered.

1978
On December 11, a gang of thugs slips into the Lufthansa Airlines cargo terminal at New York's JFK airport and steals $5.8 million in cash and jewelry. Unfortunately for police, the currency consists of dollars that had been exchanged overseas, thus making it impossible to trace. One suspect is sentenced; several are murdered. Only $20,000 was ever recovered. The heist was portrayed in the 1990 mobster film Goodfellas.

1983
In November, six thieves break into the Brinks Mat warehouse at London Heathrow Airport. They hope to steal £3 million but instead discover a safe filled with 10 tons of gold bullion worth £26 million. The haul is so large and heavy, gang members actually leave the airport to retrieve a larger vehicle. A handful are eventually jailed. Three tons of gold remain unaccounted for.

1990
In March, just after St. Patrick's Day, two men overpower guards at Boston's Isabella Stewart Gardner Museum and steal 13 paintings by Rembrandt, Degas, Manet, and others. Some works are crudely cut out of their frames. Officials estimate the total loss at roughly $300 million. Despite a $5 million reward, no artwork has been found, and there have been no arrests. The museum continues to display the empty frames.

1997
In September, crooks break into the Dunbar Armored Car depot in Los Angeles, and within half an hour stuff $18.9 million in cash into a waiting
U-Haul. After some years, all are caught and confess, including the ringleader, a Dunbar employee. The Dunbar Armored Robbery remains the largest cash robbery in U.S. history. $10 million remains missing.

2003
In February, during a tennis tournament, an Italian gang slips inside the Antwerp Diamond Center and empties 123 deposit boxes full of gems. The loss is eventually calculated to be an astonishing 100 million euros (then worth $107 million). DNA from a half-eaten sandwich leads authorities to one of its first suspects. No jewels have ever been found.

2004
In December, robbers plunder £26.5 million in cash from the Northern Bank headquarters in Belfast, Ireland. Authorities blame the meticulously planned Northern Bank Robbery on the IRA, which categorically denies any involvement. Five suspects have been arrested. Only £2 million has been recovered.

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ISSUE: Jan 1, 2006
American Way Cover - 1/1/2006