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The perfect heist? Inside the seamless, sophisticated, stealthy LA theft that netted up to $30 million

Richard Winton, Los Angeles Times on

Published in News & Features

LOS ANGELES — Federal and local law enforcement officials have descended on a nondescript warehouse in the San Fernando Valley, where one of the biggest heists in Los Angeles history occurred Easter Sunday.

Officials and crime experts said the operation appears to have been highly sophisticated, with the burglars making off with what sources estimate was between $20 million and $30 million.

They targeted a Gardaworld building on Roxford Street in Sylmar, accessing a vault where huge sums of cash were stored.

The FBI and Los Angeles Police Department have released little information about the heist, and they have not announced any suspects in the massive theft.

Here are some key questions they are trying to sort out:

How was this facility targeted?

 

Gardaworld describes itself as a "global champion in security services, integrated risk management and cash solutions, employing more than 132,000 highly skilled and dedicated professionals." Among its businesses is cash management and vault services.

The Canada-based security company has not responded to requests for comment.

The L.A. location is in a quiet suburban area, and the burglars struck on a holiday.

The operators of the business did not discover the massive theft until they opened the vault Monday.

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