Home Bank Robbery

Bank Robbery

Famous Bank Robberies You Must Know

Famous Bank Robberies You Must Know

There have been many famous bank robberies and some have never been solved. The largest bank robbery in history is said to be the robbery of the Central Bank of Iraq in 2003. However, some of that money was eventually recovered in the walls of Saddam Hussein's palace.  Surprisingly, no one was injured during that robbery, as bank employees complied with the demands allegedly made by Saddam Hussein. In addition, the Bank of America robbery of 1998, involved no violence and relied on a simple plan of action. 
 
 
Yet, it was still considered an armed robbery, as the perpetrators carried guns and likely would have used them if necessary. However, some bank robberies are notorious due to the amount of violence perpetrated by the suspects involved. The Security Pacific Bank robbery resulted in a lengthy and violent shootout between law enforcement and the suspects. Several deaths and numerous injuries resulted.
 
 
Some bank robberies gain notoriety because of the copious amounts of cash that thieves manage to carry away. Bank robberies like the one that took place at the Central Bank of Iraq, result in large amounts of cash being stolen without any person suffering injury. Clearly, the employees at the bank were afraid for their lives and complied with the demands of Hussein's son out of fear that likely resulted from intimidation.  
 
 
Other bank robberies are remembered for their intricate and detailed plans which required intense and careful thought. Some robberies take years of planning and often, perpetrators think they have everything covered. However, robbers cannot take human nature and responses into account when considering intervening factors. In the case of the Security Pacific bank, the suspects did not anticipate being noticed before they could complete their plan. The intervening factor of the witness, was one that resulted in a shootout that killed three people and injured countless others.
 
 
Bank robbers sometimes take copious amounts of time to plan every single detail of bank robberies, and others simply act without thinking anything through. In either case, the suspects are likely to be apprehended as bank robbers are caught at a higher rate then perpetrators of most crimes.  Most famous bank robberies, are famous due to the amount of money stolen. 
 
 
Even in those cases, the suspects were usually apprehended shortly after committing the crime. Success is measured by law enforcement according to many factors. First, they are not successful in their efforts if any suspect manages to escape the bank with loot in hand. Second, they hope to apprehend the perpetrators without causing any injuries or deaths. Their most important goal is to prevent bank robberies and apprehend any suspect that is successful in robbing a bank.
 

The Infamy of Bank Robbers

The Infamy of Bank Robbers

There have been many famous bank robbers throughout United States history. Some of them are famous for the amount of money stolen and others are famous for the sheer number of successful bank robberies. 

What are the Impacts on Society of a Bank Robbery

What are the Impacts on Society of a Bank Robbery

Many famous bank robberies and other violent crimes, have been romanticized in television programs and in movies. There is some cause and effect relationship between what people see on television and what they view as acceptable. For example, Bonnie and Clyde were violent bank robbers that murdered at least fifteen people, including nine police officers. 
 
 
Yet, many movies have been made about the violent duo, which try to depict them in a different light. Some of the movies focuses on the romantic relationship between the two, making them appear more human rather than the violent monsters they actually were. In addition, news coverage of bank robberies and other violent crimes that appear in media outlets, can also instill a sense of fear in surrounding communities and in society in general. These types of crimes also end up being paid for by society members, whether financially or psychologically.
 
 
When any individual commits a crime, it effects society as a whole, regardless of what the crime is. For example, a person that commits check fraud, by bouncing a check, commits a crime that effects all citizens that utilize the banking industry. In many cases, the banks will charges that person a fee, as will the business at which the check bounced. 
 
 
How many times can a business accept bounced checks before they stop accepting checks at all. For some consumers, this means that they have to carry larger amounts of cash, which then gives them a greater potential for losing, of having stolen, larger amounts of their money. In addition, checking accounts and check bouncing fees continue to get raised by the banking industry. 
 
 
Therefore, even banking customers that have never bounced a check, now have to pay larger fees just to have a checking account. Bank robberies have the same flowing effect on society as a whole.  Armed robberies instill fear in the general public. Sometimes that fear can be productive such as individual homeowners installing an alarm system. In addition, bank robberies such as the Security Pacific bank robbery, have forced law enforcement to obtain more sophisticated weapons so that they can match the firepower illegally obtained by the robbers. 
 
 
Through the unfortunate results of bank robberies like that, law enforcement also learns how to avoid ambushes that frequently result in the death of officers. However, bank robberies and other violent crimes, overwhelming have negative effects on society as a whole.
 
 
While law enforcement, and society in general, can learn valuable lessons from crimes committed in the past, they also learn to be fearful. On occasion, that fear leads to a general mistrust among members of society, which sometimes leads individuals to overreact to a perceived threat. 
 
 
In addition, society members often have to pay increased fees that result from the actions of criminals. For example, theft from grocery stores causes higher prices on many items. Bank robberies result in the need for added security which results in an increase in bank fees. Crime is an action that results in adverse effects for society as a whole.
 

The Security Pacific Bank Robbery of 1980

The Security Pacific Bank Robbery of 1980

The Security Pacific Bank robbery of 1980, was an armed robbery which resulted in a large shootout after the suspects fled the bank. When the suspects initially entered the bank, a witness immediately called the police to report suspicious activity. As the group attempted to flee, they were confronted by an officer who eventually shot the driver of the getaway vehicle, causing the van to spin completely out of control. 
 
 
The officer was also shot during the exchange of gunfire, apparently being subject to over two hundred rounds. In the end, one officer and two suspects were killed. In addition, around ten officers were shot, including the first responding officer.
 
 
The Security Pacific Bank robbers had somehow obtained powerful weapons that they utilized to shoot through the surrounding law enforcement. In fact, the police that responded, would never have been able to match the firepower of the bank robbers. Before committing the armed robbery, the group had managed to secure powerful automatic weapons that would have taken out each and every responding officer had there not been an intervening factor later in the chase. 
 
 
In addition, the group of suspects had also obtained, or manufactured, explosive devices which they planned to utilize if necessary. After their vehicle was flipped due to the death of their get away driver, the group fled after car jacking a vehicle stopped near by. They continued to fire at police, even throwing explosives at them, later claiming that they wanted to die rather than be arrested. Eventually, the group gained a lead on officers, stopping only to ambush officers as they arrived on the scene.
 
 
Eventually, all of the suspects in the Security Pacific Bank robbery were killed or apprehended. They were charged with armed robbery, in what has become one of the most notorious shootouts in California's history. In fact, the weapon of one officer, is credited with forcing the suspects to flee the scene, rather than continue the shoot out. 
 
 
His weapon was the only one that matched the fire power of the suspects, which finally gave law enforcement an advantage over the suspects in the armed robbery. It is an unfortunate reality that suspects sometimes have access to more powerful weapons than law enforcement does. This is often the case in armed robbery, which take place while perpetrators utilize their powerful weapons to force victims to comply either through intimidation, or by using their weapons. 
 
 
The Security Pacific Bank robbery has been used as a tool for teaching law enforcement about the possible errors made by officers during a gun battle. In addition, the Security Pacific Bank robbery taught law enforcement that it was vital to be able to match the fire power utilized during armed robbery, in order to give responding officers the advantage.
 

The Bank of America Robbery of 1998

The Bank of America Robbery of 1998

The Bank of America robbery of 1998 was perpetrated using the advice of an employee at the World Trade Center. That advice on details regarding security and other details, was commissioned by the leader of the crime. In fact, that employee was also convinced to allow his building identification to be utilized during the commission of the bank robbery. Using the advice of the employee, the Bank of America robbery included the use of weapons and fake identification cards for all of the robbers. 
 
 
In addition, timing of the scheduled delivery of the money was noted so that the bank robbery could take place with an efficiency and a speedy exit. The robbers entered the elevator and handcuffed the bank employees while simultaneously taking money from the money cart. They then simply walked out of the elevator, with no one in pursuit. It seemed like the perfect crime.
 
 
The details of the Bank of America robbery are simple in nature. The master mind of the bank robbery utilized a simple plan, which failed to take significant details into account which later resulted in multiple arrests. First, when the robbers entered the building, they failed to conceal their identities. In addition, the leader  chose accomplices that lacked a large degree of common sense, and most had drug problems, which was a factor that helped them all be identified.
 
 
There were other factors that led to their downfall. After the crime was completed, the Bank of America robbery was immediately covered by the news media. In fact, descriptions of the robbers were widely broadcast, since they had not concealed their identities. There was a reward available if any of the suspects were arrested. Soon after the reward was announced, one of the suspects was recognized and immediately reported to police. It is assumed that he gave away the names of his accomplices. Eventually, all of the suspects were apprehended.
 
 
Although the group utilized a simple plan, the first portion of the crime went off without causing any injuries, and without an immediate pursuit. While the initial bank robbery of the Bank of America was successful, the group had not properly planned for the aftermath. In fact, their lack of planning was what eventually led to their arrests. 
 
 
One suspect was seen in pubic with large amounts of cash that he could not explain and police pursued him until he was caught. Eventually, all of them were apprehended do a lack of planning for the time proceeding the crime. While most of the suspects faced a myriad of charges as a result of the bank robbery, the mastermind became an informant for the FBI, reducing his charges.
 

The Central Bank of Iraq Robbery 2003

The Central Bank of Iraq Robbery 2003

The bank robbery that took place at the Central Bank of Iraq in 2003, is said to be the largest cash heist in the history of the world. It is claimed that Saddam Hussein perpetrated the bank robbery, because he was expecting United States forces to be in the area at any moment. 
 
 
He knew that once forces arrived, he would be unable to maintain control of the banks and other institutions. In addition, it is believed that he planned to get the money in order to prepare to flee the country. The money acquired through the bank robbery of the Central Bank of Iraq would have been sufficient to maintain his lifestyle, while maintaining the lifestyle of his family and trusted associates. If he had disappeared with the money, he may have been able to avoid capture, simply due the available resources within his disposal. In fact, many wonder why he did not flee once he obtained the cash.
 
 
The exact details of the bank robbery of the Central Bank of Iraq are not clear. It is alleged that a group of men, which included Hussein's son, went to the bank with large trucks. Upon arrival, they demanded almost one billion dollars in cash which was loaded into the trucks over a period of hours. 
 
 
It is also claimed that the total of one billion dollars was actually stolen over a number of days throughout the month in which United States forces began their bombing campaign in the area. Eventually, a majority of the money was found stashed in the walls of Husein's palace. 
 
 
However, much of the money remains unaccounted for to this day. Although there was evidence found that suggests the involvement of Hussein and his son, it has never been determined what other individuals may have been involved in the bank robbery of the Central bank of Iraq.
 
 
The bank robbery of the Central Bank or Iraq is still said to be the largest cash heist ever recorded. While details of the event remain sketchy, it is believed that Hussein gave his son a note to force bank executives to allow his son to withdraw the money. While most of the money was eventually recovered by US forces, some of it remains unaccounted for. 
 
 
It has never been determined what other individuals were involved in the bank robbery, but is assumed that they are in possession of the remaining missing cash. Saddam and his son were killed as a result of the war with the United States. However, it is unlikely that this bank robbery will lose its title as the largest cash heist in history, any time in the immediate future.