Burglars steal $30 million in cash from a Los Angeles money storage facility

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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 facility in Sylmar, a suburban neighborhood in the San Fernando Valley, stores and handles cash from businesses across the region, Morales said.


I thought that is what banks do?
 
The facility in Sylmar, a suburban neighborhood in the San Fernando Valley, stores and handles cash from businesses across the region, Morales said.


I thought that is what banks do?
I thought it was some kind of satirical reporting when I read “money storage facility”. I thought, “you mean…a…uh…um…a…bank?” :headscratch:

Who knew? I’m guessing they are not FDIC insured?
 
I thought it was some kind of satirical reporting when I read “money storage facility”. I thought, “you mean…a…uh…um…a…bank?” :headscratch:

Who knew? I’m guessing they are not FDIC insured?

I was hoping you knew the answer.
 
Oh, I do. But I’m not telling.
Understand The Good Doctor GIF by ABC Network
 
I heard people talking about this at the bathhouse this morning.

Apparently it's the largest cash heist in US history, crushing the previous record of $18MM.
 
The facility in Sylmar, a suburban neighborhood in the San Fernando Valley, stores and handles cash from businesses across the region, Morales said.


I thought that is what banks do?

They store the money the government knows about
 
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.

Not sure if I should call them evil thugs that are ruining the fabric of our nation. Or just be jealous they got away with it
 
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