In a new twist on the concept of quarterly earnings, a Brink’s Company armored transport service money processing manager used his access to the Federal Reserve Coin Inventory to pocket some loose change. Specifically, he grabbed 784,000 quarters, worth $196,000. But how exactly did he take home 9,800 pounds of coinage? That’s where this tale took a turn positively borrowed from Raiders Of The Lost Ark.
If you recall one of that film’s most famous scenes, Indiana Jones opts to try steal the prized statue by fillings enough bags with sand to proximate the statue’s weight. In this federal case, according to a statement from the U.S. Attorney’s office in the Northern District of Alabama, the accused filled bags of quarters with beads. To thwart such a ploy, the bags all had plastic windows.
To thwart the attempt at thwarting, the accused, Stephen Lancaster Dennis, removed most of the quarters, but carefully left enough inside each bag to cover the small plastic window. Each bag contained $50,000 worth of quarters, but the accused left $1,000 worth of quarters in each bag. “The quarters were placed so they would be visible through a plastic window in the neck of each bag,” said the federal statement.
One bad move by Dennis? He came in to grab a large patch of quarters on a Sunday, which is a day he wasn’t scheduled to work.
Apparently, the intent of leaving the coins visible was to slow down discovery of the theft until he had time to leave Brink’s employment. That part seemed to work, as the thefts reportedly happened between Jan. 1-Feb. 20, 2014 and the government was only now—two years later–able to level any charges.
“The U.S. Attorney’s Office charged Stephen Lancaster Dennis, 49, with one count of bank theft for stealing $196,000 belonging to the Federal Reserve Bank of Atlanta while he worked as a money processing manager for Brink’s at its Birmingham branch in early 2014,” said the federal statement. “Dennis has entered an agreement with the government to plead guilty to the charge and repay $196,000 to Brink’s. The armored service already has reimbursed the Federal Reserve Bank for the loss.”