Oooooookay! I have no idea – other than it has to be heavy – how much a $50,000 bag of quarters weighs…But you have to believe this guy wasn’t going o make a fast getaway!
I mean…What are you going to do with that? Pay every parking meter in NYC for 3 years?
Take your date out to dinner, excuse yourself after the check comes to go to the car to get a $100 bag to dump on the table?
A quarter weighs 5.670 Grams. $50,000 is 200,000 quarters which would be 1,134,000 Grams or 1,134 Kilograms, which would be around 232 lbs – say 250 lbs with the bag.
A former security worker for Brink’s Company has been accused of stealing $196,000 while on the job — all of it in quarters.
Stephen Dennis was charged on Monday with one count of bank theft by the U.S. Attorney’s Office.
Dennis, 49, was working as a money processing manager for Brink’s at its Birmingham branch in early 2014, when the robberies took place, according to a Justice Department press release.
His job gave him access to the Federal Reserve Coin Inventory. The coins he is accused of stealing were stored in ballistic bags, each containing $50,000 and place on skids inside Brink’s Coin Room.
Dennis’ last day on the job was Feb. 20, 2014. An April 2014 audit of the Federal Reserve Coin Inventory discovered four ballistic bags containing a large amount of beads and just $1,000 in quarters, placed so they were visible the neck of each bag.
A subsequent investigation revealed that on Sunday, Feb. 16, 2014, Dennis came to Brink’s on his day off and collected four empty skids and four empty ballistic bags, which he filled with beads. The skids and the bead-filled bags were placed back inside the coin room.
The money that Brink’s was holding belonged to the Federal Reserve Bank of Atlanta and the company refunded the missing coins to the bank.
The U.S. Attorney’s Office said Dennis has agreed to plead guilty to the charge and to repay his former employers.
Dennis also faces up to 10 years in prison and an additional $250,000 fine.