Textbook Holdup: Big withdrawals from Wells Fargo

Big withdrawals from Wells Fargo

The four employees who work the unenviable night shift at Wells Fargo's fortress-like depot in lower Manhattan reported for duty at 1 a.m. Two were guards carrying service revolvers; two were unarmed. Their job was to open the vault and load an armored car with money bags destined for the Federal Reserve Bank. One of the four, who knew the first half of the vault's combination, executed his part of the routine. Then another, who knew the second part of the combination, opened the safe, which contained about $20 million. It was 1:20 a.m.

When the heavy door was ajar, four...

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