Feds charge 4 men with stealing 6 tons of dimes from a tractor-trailer leaving Philadelphia mint while the driver slept

Source from fortune.com Updated on Fri, 15 Dec 2023 Any question please contact DayDayFinance.COM.

The truck driver was bound for Miami when he pulled into a parking lot to sleep on April 13. During the night, thieves made off with a portion of its cargo of $750,000 in dimes, a shipment weighing about six tons, authorities had said earlier.

Thousands of coins were left scattered all over the lot in northeast Philadelphia.

The Philadelphia Inquirer reports that prosecutors contend that the theft — which they now say totaled $234,500 in stolen dimes — was part of a spree of robberies from tractor-trailers passing through the region that also netted the thieves frozen crab legs, shrimp, meat, beer and liquor.

Detectives said at the time that surveillance video showed six men, dressed in gray hoodies and armed with bolt cutters, approaching the truck in the middle of the night and breaking into it, then loading the coins into smaller bags and into a waiting truck.

The indictment unsealed Friday alleges that after the theft, thousands of dimes were converted into cash at coin machines in Maryland or through deposits to at least four different suburban Philadelphia banks, the newspaper reported.

Four Philadelphia men — 25-year-old Rakiem Savage, 31-year-old Ronald Byrd, 30-year-old Haneef Palmer and 32-year-old Malik Palmer — face conspiracy, robbery, theft of government money and other charges.

Messages seeking comment on the charges were sent Monday to attorneys for Savage and Malik Palmer; court documents don’t list attorneys for Byrd and Haneef Palmer, and a message could not be left at a number listed for the latter.

Related recommendations

Profitability and risk management of financial institutions

Profitability and risk management are two key aspects of financial institutions that are closely related and often influenced by various factors, such as regulation, market conditions, competition, innovation, and customer behavior. In this response, I will try to summarize some of the main po

Fri, 14 Feb 2025
/
842 views

The Impact of Financial Technology on the Consumer Finance Market

Financial technology, or fintech, is the use of digital technology to improve and automate the delivery and use of financial services. Fintech has a significant impact on the consumer finance market, which includes products and services such as credit cards, loans, mortgages, insurance, saving

Wed, 05 Feb 2025
/
1234 views

The Future Development Trends of Internet Finance and Its Impact on Commercial Banks

The future development trends of internet finance and its impact on commercial banks are very important topics for the financial industry and society. Based on the web search results, I can provide you with some general information and insights. Internet finance is an emerging field t

Wed, 29 Jan 2025
/
571 views

Challenges and Opportunities in Financing

Financing is a crucial aspect of any business, especially for startups and small enterprises that need capital to launch or grow their operations. However, financing also comes with various challenges and opportunities that entrepreneurs and managers need to be aware of and address. Here are s

Wed, 28 Aug 2024
/
14310 views