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CNN —The FBI and Los Angeles Police Department are investigating one of the largest cash heists in the city’s history after as much as $30 million was stolen from a San Fernando Valley money storage facility, a law enforcement source briefed on the investigation told CNN Thursday. The burglary happened on the night of Easter Sunday at an unnamed facility in Sylmar, a suburban neighborhood in the San Fernando Valley, where cash from businesses across the region is handled and stored, the source said. The Los Angeles Times first reported the incident. The FBI Los Angeles office told CNN Thursday they are investigating “a large theft” in the San Fernando Valley and are working jointly with the LAPD, but would not share any other details citing an ongoing investigation. According to the Los Angeles Times, previously the largest cash heist in the city happened on September 12, 1997, when $18.9 million was stolen from the former site of the Dunbar Armored Inc. facility on Mateo Street.
Organizations: CNN, FBI, Los Angeles Police Department, Los Angeles Times, Dunbar Armored Inc Locations: San Fernando Valley, Sylmar, Angeles
Thieves stole up to $30 million from a money storage facility in Los Angeles on Easter Sunday. Sources told the LA Times that the thieves may have accessed the vault by breaking through the roof. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThieves orchestrated one of LA's biggest-ever cash heists on Easter Sunday, stealing as much as $30 million from a money storage facility in the San Fernando Valley. The Los Angeles Police Department said a burglary occurred at an unnamed facility in Sylmar, according to the Los Angeles Times, which was the first to report on the incident.
Persons: Organizations: LA Times, Service, LA's, Los Angeles Police Department, Los Angeles Times, Times, Business Locations: Los Angeles, LA, San Fernando Valley, Sylmar
Eight Bronx men were charged on Wednesday with stealing hundreds of thousands of dollars’ worth of beer, mostly Modelo and Corona imported from Mexico, by robbing train yards and warehouses in dozens of thefts across the Northeast over the past two years. An indictment unsealed by federal prosecutors in Manhattan accuses Jose Cesari as being the mastermind of what it describes as the “Beer Theft Enterprise” and says he recruited other participants in the brazen heists via Instagram posts. In one post, the indictment says, Mr. Cesari wrote, “Need workers who want to make money.” The post had a “Yes” or “No” button, a moneybag emoji and a railroad track in the background, the indictment says. In another, the indictment says, he offered a “guarantee” that those he hired would “make 100k+ in a month” by following the “beer train method.”Mr. Cesari, 27, who was at large on Wednesday, was charged with conspiracy to steal from interstate or foreign shipments by carrier and six other counts. The seven others face the same conspiracy charge, and several were also charged with other crimes.
Persons: Jose Cesari, Cesari, , Mr Organizations: Corona Locations: Modelo, Mexico, Manhattan
Johannesburg, South Africa CNN —For South Africans, normality is a sliding scale. In October, a heavily armed gang blocked off one of the busiest highways near Johannesburg as it blew up a cash-in-transit vehicle – a security van carrying cash. Cash-in-transit, or CIT, heists are one of the most dramatic illustrations of a crime wave that has shocked even the most hardened South Africans. His argument is not entirely factual: crime affects South Africans from all walks of life, not just those earning a comfortable living. The South African police minister, Bheki Cele, recently highlighted what he called the successes of the Crime Intelligence division in tackling organized crime and rooting out corruption within the ranks of the force.
Persons: Nelson Mandela, , Byron Blunt, Ngwenya, , , Petrus Mthembu, SAPS, Athlenda Mathe, Bheki Cele, Joe van der Walt, Esa Alexander, Gareth Newham, What’s Organizations: South Africa CNN, heists, CIT heists, National Congress, ANC, CNN, , CIT, Motor Transport Workers Union, South African Police Service, Reuters, Hawks, AK, South, Crime Intelligence, Focus Group, ” Police, Town, Private Security Industry Regulatory Authority, Institute for Security Studies Locations: Johannesburg, South Africa, Africa, R350,000, Makhado, Limpopo, Cape Town , South Africa
Apple's having a rough year
  + stars: | 2024-03-24 | by ( Matt Turner | Jordan Parker Erb | ) www.businessinsider.com   time to read: +4 min
Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This story is available exclusively to Business Insider subscribers. Justin Sullivan/Getty Images; Jenny Chang-Rodriguez/BIThis week's dispatchTaking a bite out of AppleApple's having a rough year. Apple is to blame for Amazon and Microsoft's phone failures, per the DOJ, which also zeroes in on Apple's green text bubbles. It was a tech antitrust lawsuit more than two decades ago that helped create space for Apple's rise.
Persons: , Justin Sullivan, Jenny Chang, Rodriguez, Tim Cook, Steve Jobs, Apple, Rebecca Zisser, Frazer Harrison, Tyler Le, Goldman Sachs, David Solomon, Patrick Semansky Goldman, Russell Horwitz, Al Schwimmer, Frank Sinatra, Matt Turner, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan Organizations: Service, Business, Apple, Department of Justice, DOJ, Amazon, FTC, Getty, Google, BI, David Solomon AP Locations: China, Palestine, New York
That added to the massive debt burdens already placed on the hospitals by their for-profit owners, deepening their financial woes. In January, MPT reported that its biggest tenant, a nationwide chain of 32 hospitals called Steward, could no longer pay its rent. The core idea was simple: to buy hospital real estate, pocket the lease payments, and use the money to reward investors. The more hospital real estate that MPT buys, the more money it makes in rent payments from the hospitals. But that doesn't mean that MPT's leaders didn't get rich off its hospital deals.
Persons: Leonard Green, Sherman Cahal, Rob Simone, Hedgeye, MPT, Steward —, Justin Simon, Jasper Capital, they've, Ed Aldag, Eddie Lampert's, Eileen Appelbaum, Rosemary Batt, MTP, Marc Rowan, Richard Mortell, Leonard Green couldn't, they'd, Stephen Feinberg, Ralph de la Torre, Steward, Simone, Cerberus, Chandan Khanna, That's, de la, de la Torre, la Torre, Amaral, Aldag, Apollo, Eileen O'Grady, Moody's, didn't, Sen, Chuck Grassley Organizations: Northside Regional Medical Center, Ohio Valley Medical, East Ohio Regional Hospital, Luke's Medical, Glenwood Regional Medical Center, Medical Properties Trust, Jasper, Sears, Bain Capital, Affordable, Cornell University, Business, Third Coast Real Estate Capital, Cerberus, Health Care, Boston Globe, Bloomberg, Getty, Easton Hospital, Local, de la Torre, la, MediaNews, Boston Herald, Prospect, Private, Yale New Haven Health, Yale, Apollo, MPT, SEC, Republican, Senate Finance Locations: Youngstown , Ohio, Ohio, Wheeling , West Virginia, Martins Ferry , Ohio, St, Luke's, Phoenix, Massachusetts, West Virginia, California , Pennsylvania, Texas, Pennsylvania, Louisiana, America, Alabama, MPT, Greater Boston, Steward, Easton, Lehigh, Elizabeth's, Boston, Connecticut, it's
More than 50 years earlier, when he was 20 years old, he’d robbed an Ohio bank of $215,000. A day or so after her father’s shocking revelation, Ashley told CNN she pulled her mother Kathy aside and told her. Theodore "Ted" Conrad was an unassuming bank teller when he strolled out of an Ohio bank with more than $200,000. And I also wanted to learn about Ted Conrad, the bank robber, and Tom Randele, my dad,” she told CNN. Someone had sent his obituary to a crime reporter in Ohio with a note saying the deceased man was likely Conrad, Ashley Randele said.
Persons: CNN — Thomas Randele, he’d, Thomas Randele, Theodore Conrad, Ashley Randele, “ I’m, Ted Conrad, ’ ”, Thomas, , , they’re, Ashley, Kathy, ” Ashley Randele, Kathy Randele, , Steve McQueen, D.B, Cooper, Conrad, , Theodore, Ted, Ross Anthony Willis, spotlighted, Thomas Crown, Pierce Brosnan, He’d, didn’t, ” Randele, Carl B, Ken Blaze, she’d, Tom Randele, Randele, Pete Elliott, Elliott, John Elliott, Robin Hood Organizations: CNN, National Bank, Fairfax Media, Stokes, Courthouse, Randele Locations: Boston, Ohio, , Lynnfield , Massachusetts, Cleveland, Pacific Northwest, Washington ,, Los Angeles, California, Hawaii , Texas, Oregon, Massachusetts, France, United States, Lynnfield
WASHINGTON, Nov 29 (Reuters) - The United States on Wednesday imposed sanctions on a virtual currency mixer the Treasury Department said has processed millions of dollars worth of cryptocurrency from major heists carried out by North Korea-linked hackers. Lazarus, which has been sanctioned by the U.S., has been accused of carrying out some of the largest virtual currency heists to date. In March 2022, for example, it allegedly stole about $620 million in virtual currency from a blockchain project linked to the online game Axie Infinity. A virtual currency mixer is a software tool that pools and scrambles cryptocurrencies from thousands of addresses. Those that engage in certain transactions with the mixer also risk being hit with sanctions.
Persons: Lazarus, Wally Adeyemo, Sinbad, Daphne Psaledakis, Kanishka Singh, Paul Grant, Chizu Nomiyama, Paul Simao Organizations: Treasury Department, North, Federal Bureau of Investigation, FBI, United Nations, Blender, Treasury, Thomson Locations: United States, North Korea, heists, U.S, Finland, Netherlands
WASHINGTON (AP) — Chinese middlemen launder the proceeds of North Korean hackers’ cyber heists while Chinese ships deliver sanctioned North Korean goods to Chinese ports. China views North Korea as a buffer against the U.S., which maintains a significant troop presence in South Korea. The U.S. has accused North Korea of supplying artillery shells and rockets to Russia, while new evidence shows Hamas fighters likely fired North Korean weapons during their Oct. 7 assault on Israel. “China violates North Korea sanctions it voted for and says won’t work because it’s afraid they’ll work. Such “over-the-counter” brokers allow North Korean hackers to bypass know-your-customer rules governing banks and other financial exchanges.
Persons: , ” Aaron Arnold, Kim Jong Un, , Joshua Stanton, cryptocurrency, Anthony Ruggiero, couldn’t, hadn’t, Eric Penton, Dake Kang Organizations: WASHINGTON, North, Associated, United Nations, Royal United Services Institute, U.S, . Security, North Korean, Kremlin, AP, Treasury, government’s Ministry of Commerce, U.N, Associated Press, Carnegie Corporation of New, Outrider Foundation, Investigative@ap.org Locations: Beijing, Korea, North Korea, China, Pyongyang, South Korea, Ukraine, The U.S, Russia, Israel, North, U.S, Carnegie Corporation of New York
ITTAI GRADEL, an academic–turned–gem dealer in Denmark, was trawling eBay a decade ago when he thought he had stumbled across a gold mine. On his screen, Gradel saw a seller called Sultan1966 advertising a glass gem from the 19th century. Gradel immediately recognized it as something much more valuable: an agate Roman Medusa cameo from the second century, featuring the mythical Gorgon with snakes as hair. He snapped it up for £15 plus postage, then turned around and sold it to a collector for a couple of thousand pounds.
Persons: ITTAI GRADEL, , Gradel Organizations: eBay Locations: Denmark
Two founders of Tornado Cash, the widely known Russian cryptocurrency mixer, have been charged with laundering more than $1 billion in criminal proceeds. Charges in the indictment include conspiring to commit money laundering, conspiracy to commit sanctions violations and conspiracy to operate an unlicensed money transmitting business. The third co-founder, Alexey Pertsev, who is not mentioned in this action, faces trial in Amsterdam over his involvement with Tornado Cash. Tornado Cash is used by some people as a legitimate way to protect their privacy in the still-nascent crypto market. Using a crypto mixing service like Tornado Cash masks those details by anonymizing the funds and concealing the identity of the buyer.
Persons: Roman, Semenov, Storm, James Smith, Alexey Pertsev, Roman Semenov, Damian Williams, Brian Klein, Waymaker, Klein, Lazarus Organizations: Tornado, Lazarus, Justice Department, CNBC, Tornado Cash, Storm, Federal Bureau of Investigation, Foreign Assets, Lazarus Group, U.S . Treasury, Treasury Department Locations: Russian, Korean, Washington, York, Amsterdam, U.S, Harmony
9 New Books We Recommend This Week
  + stars: | 2023-08-17 | by ( ) www.nytimes.com   time to read: +1 min
Officially, there’s still a month of summer left — but who are we kidding? Happy reading. —Gregory CowlesCOUNTERWEIGHTDjunaThis novel by a pseudonymous Korean science fiction writer (and translated by Anton Hur.) envisions a space elevator built on a fictional Asian island by a multinational corporation. Corporate dominance and environmental havoc inspire protest and armed resistance, in a fast-paced cyberpunk story where agency and identity are always in doubt.
Persons: slouches, longue, noirish, — Gregory Cowles, Anton Hur Organizations: Corporate Locations: Korean
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/crypto-heists-funneling-billions-to-north-koreas-nuclear-program-attract-senate-scrutiny-698fd245
Persons: Dow Jones
Why Pure Grade A Maple Syrup Is So Expensive
  + stars: | 2023-07-27 | by ( Pj Rickards | ) www.businessinsider.com   time to read: 1 min
Once pierced, century-old maple trees drip sap referred to as liquid gold. It will take roughly 50 gallons of these drops to make one 1 gallon of 100% pure Grade A maple syrup. Farms in the Hudson Valley, New York State, can sell that gallon for over $200, almost 29 times more than popular imitation syrup. Despite the price, Grade A maple syrup is incredibly sought-after. So much so that C$18 million worth of it was stolen in one of the largest heists in Canadian history.
Locations: Hudson Valley , New York State
New York CNN —A 68-year-old woman has her job back after she was fired last month for attempting to stop shoplifters at a Lowe’s store in Georgia. “The Lowes (sic) employee, Donna Hansbrough was fired for attempting to stop the theft,” the post said. “After senior management became aware of the incident and spoke to Donna Hansbrough today, we are reinstating her job and we are pleased that she has accepted the offer to return to Lowe’s,” Lowe’s said. In Kansas, Kansas Attorney General Kris Kobach, a Republican, said retail crime is a “spiraling problem,” adding that Kansas and Missouri are among the top 10 states in the nation for the volume of retail crime. “There is a link between drug trafficking and organized retail crime,” Kobach told lawmakers in June.
Persons: Donna Hansbrough, Lowes, “ Lowes, Donna, ” Lowe’s, Hansbrough, , Kris Kobach, Kobach, ” Kobach, , Read Hayes, they’ve, Lululemon Organizations: New, New York CNN, Rincon Police Department, Lowes, CNN, Retailers, National Retail Federation, Republican, Kansas, , University of Florida, Prevention Research Council, Walmart, “ Retailers Locations: New York, Georgia, Rincon, San Francisco, America, In Kansas, Kansas, Missouri, Peachtree Corners , Georgia
In the past few years, Germany has become a hotbed for ATM bombings, the Financial Times wrote. That's because Germans still favor cash over electronic payments, making ATMs ripe targets. Last year, about 30 million euros were stolen via ATM bombings, up 53% from a year earlier. That translated to 30 million euros that were stolen via ATM bombings last year, up 53% from a year earlier. Meanwhile, attempts to fortify ATMs against earlier types of detonations were thwarted when the criminals switched to different explosives, according to the FT.
Persons: That's Organizations: Financial Times, Service, Federal Criminal Police Office, FT Locations: Germany, Wall, Silicon, Netherlands
[1/2] Miniatures of people with computers are seen in front of North Korea flag in this illustration taken July 19, 2023. North Korea has previously denied organizing digital currency heists, despite voluminous evidence - including U.N. reports - to the contrary. “North Korea in my opinion is really stepping up their game,” said Hegel, who works for U.S. firm SentinelOne. The cybersecurity-focused podcast Risky Business earlier this week cited two sources as saying that North Korea was a suspect in the intrusion. "I don't think this is the last we'll see of North Korean supply chain attacks this year," he said.
Persons: Dado Ruvic, , JumpCloud, CrowdStrike, Adam Meyers, Tom Hegel, wasn't, Hegel, cryptocurrency, Chainalysis, CrowdStrike's Meyers, Christopher Bing, Raphael Satter, James Pearson, Michelle Nichols, Anna Driver, Bernadette Baum Organizations: REUTERS, WASHINGTON, American IT, Reuters, CrowdStrike Holdings, North, United Nations, U.S, FBI, Thomson Locations: North Korea, Korean, American, Louisville , Colorado, North Korean, New York, Korea, “ North Korea, The U.S, Washington, London
Retail crime has hit a bustling Kansas metropolis
  + stars: | 2023-07-02 | by ( Parija Kavilanz | ) edition.cnn.com   time to read: +12 min
Republican Kris Kobach, Kansas’ attorney general, said retail crime is a “spiraling problem” in his state, adding that Kansas and Missouri are among the top 10 states in the nation for volume of retail crime. “There is a link between drug trafficking and organized retail crime,” Kobach told lawmakers in June. “Organized retail crime is a problem that is getting worse, not better. Organized retail crime offers criminals a business model of pure profit, “with no overhead, rent, product cost. In early June, Kobach testified before a House Judiciary Committee hearing on “Organized Retail Crime and the Threat to Public Safety.”“When one thinks about the explosion of organized retail crime in the United States, the State of Kansas may not intuitively jump to mind,” he told lawmakers.
Persons: They’re, it’s, Coleman, “ I’ve, , Casey Slaughter, Kris Kobach, Kobach, ” Kobach, Joe Sullivan, Sullivan, ” Sullivan, Joe Sohm, Cabela’s, shoplifters, ” Cabela’s, Slaughter, , Marc Bennett, There’s, Harold Casey, Casey, She’s, Poor, John Hanna, don’t, “ That’s Organizations: New, New York CNN, Wichita Police, Kansas, CNN, , Wichita, Wichita Skyline, America, Sporting Goods, Academy Sports, National Retail Federation, Centers for Disease Control, of Kansas, Scott, Family Services, , Walgreens, Public Safety Locations: New York, San Francisco, Chicago, Wichita , Kansas, Kris Kobach , Kansas, Kansas, Missouri, In Kansas, Sedgwick, Wichita, Arkansas Rivers, , Kansas, , Kansas . Kansas, Sedgwick County, Ulta, United States, State, But Kansas, “ In Kansas
When four men were charged this week in the brazen armed robberies of two Manhattan jewelers, their ages suggested it might not be their first encounter with the criminal justice system. Among them, according to officials and court documents, the men have ties to the Genovese, Lucchese and Kansas City, Mo., crime families; a history of bank robberies, racketeering and killings; and a jailbreak reminiscent of a Hollywood movie. The defendants are Vincent Cerchio, 69; Michael Sellick, 67; Frank DiPietro, 65; and Vincent Spagnuolo, 65. The U.S. attorney’s office for the Southern District of New York charged the four with stealing $2 million in diamonds and other gems at gunpoint while dressed as construction workers to blend in on busy streets. A fifth man, Samuel Sorce, 25, of Florham Park, N.J., is charged with being a getaway driver in one of the heists.
Persons: Genovese, Vincent Cerchio, Michael Sellick, Frank DiPietro, Vincent Spagnuolo, Samuel Sorce Organizations: Lucchese, Kansas, Southern, of Locations: Manhattan, Kansas City, Mo, U.S, of New York, Florham Park, N.J
A film producer was jailed for 10 years for robbing a bank in Belle Isle, Florida. A film producer was sentenced to 10 years in prison after he robbed a Florida bank branch in an attempt to finance a movie. Nacoe Ray Brown robbed the McCoy Federal Credit Union in Belle Isle last June, according to a statement from the U.S. Attorney's Office in the Middle District of Florida. The Belle Isle Police Department was tipped off about Brown's movements and quickly tracked him to the hotel where he was staying. The 10-year sentence included eight years for the bank robbery and two years for breaking parole tied to previous bank heists.
ChipMixer has been used to launder illicit funds gained from ransomware attacks, crypto heists and other types of fraud since 2017, the U.S. Justice Department has alleged. U.S. and European authorities took down cryptocurrency platform ChipMixer and charged its alleged operator, accusing it of laundering more than $3 billion of criminal proceeds, including $700 million allegedly stolen by North Korean hackers. ChipMixer has been a popular platform for laundering illicit funds gained from ransomware attacks, crypto heists and other types of fraud since 2017, the U.S. Justice Department alleged Wednesday. Mixers such as ChipMixer enable users to commingle their funds to obfuscate ownership.
[1/3] A security personnel stands guard at an access of Santiago de Chile Airport slab after a valuables truck attempted robbery left two people dead in the midst of an intense firefight, police and local media reported, in Santiago, Chile, March 8, 2023. REUTERS/Ivan AlvaradoSANTIAGO, March 8 (Reuters) - A foiled multimillion-dollar heist at Chile's largest airport left two dead on Wednesday morning, highlighting concerns of rising crime in the Andean nation. Authorities said one robber and a DGAC airport security official died during the attempted robbery. Raul Jorquera, general director of the DGAC, told reporters that no passengers were at risk during the encounter, and that the robbers had "high capacity firepower" to steal the money. Organized crime in Chile has spiked in recent years, including elaborate train heists and multimillion dollar robberies at the country's main seaport.
LONDON, Feb 16 (Reuters) - Norway has seized a record $5.8 million worth of cryptocurrency that was stolen by North Korean hackers last year, Norwegian police said in a statement on Thursday. North Korean hackers stole $625 million in March 2022 from a blockchain project linked to the crypto-based game Axie Infinity. "This is money that can be used to finance the North Korean regime and their nuclear weapons programme," Norway's senior public prosecutor, Marianne Bender, said in a statement. North Korea has denied allegations of hacking or other cyberattacks. Norway's national economic crime unit, known as Okokrim, said it had seized 60 million Norwegian crowns ($5.84 million) in "one of the largest seizures of money ever made in Norway" and a record amount for a crypto seizure.
The report by Chainalysis found hacking activity that "ebbed and flowed" throughout the year, with "huge spikes" in March and October. October was the biggest single month ever for cryptocurrency hacking, with $775.7 million stolen in 32 separate attacks, the report said. "It isn’t a stretch to say that cryptocurrency hacking is a sizable chunk of the nation’s economy," Chainalysis said. Targets in "decentralized finance" or DeFi, a thriving segment in the cryptocurrency sector, accounted for more than 82% of the cryptocurrency stolen in 2022, the report said. Last year saw a record amount of crypto transactions related to illicit activity overall, reaching $20.1 billion, Chainalysis said in January.
New York CNN —A record $3.8 billion worth of cryptocurrency was stolen from various services last year, with much of those thefts driven by North Korean-linked hackers, according to a report Wednesday from blockchain analytics firm Chainalysis. Some of the biggest crypto hacks of the year have since been attributed to North Korea. US officials worry Pyongyang will use money stolen from crypto hacks to fund its illicit nuclear and ballistic weapons program. While crypto hacks continued to rise last year, there is some cause for hope. Law enforcement and national security agencies are expanding their abilities to combat digital criminals, such as the FBI’s recovery of $30 million worth of cryptocurrency stolen in the Axie Infinity hack.
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