Federal authorities have released more details and unsealed charges in the theft of more than 2 million dimes earlier this year from a tractor-trailer that had picked up the coins from the U.S. Mint in Philadelphia.
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.
Read the April report here: Philadelphia Truck Break-In Ends in Parking Lot Dime Heist
With high healthcare costs, bills can quickly add up. In some cases, it is possible to negotiate your medical bills. Barak Richman, law professor at George Washington University, joined Cheddar News to discuss the easiest way to talk to medical debt companies about what's owed.
Millions of people have selected insurance plans for 2024 but sometimes navigating them can be tricky time consuming and expensive. Paula Pant, host of 'Afford Anything' podcast, joined Cheddar News to break down what's needed to know about their insurance plans.
The European Union is investigating Elon Musk's X over alleged illicit content and disinformation on its platform. Cheddar News breaks it all down and discusses what it could mean for users.
Adobe and Figma called off their $20 million merger, Southwest Airlines gets fined, Nippon Steel is buying U.S. Steel and oil and gas prices surge after a pause in shipments.
With more employees being called back to the office, many workers are suddenly protesting by being in the office for as little time as possible. As the term suggests, coffee-badging means coming in for just enough time to have a cup of coffee, show your face, and swipe your badge.
Japan's Nippon steel is buying U.S. Steel for $14.9 billion.
Southwest Airlines will pay a $35 million fine as part of a settlement over a 2022 holiday season disaster that saw the airline cancel thousands of flights and leave millions of people stranded.
Cheddar News' Need2Know is brought to you by Securitize, which helps unlock broader access to alternative investments in private businesses, funds, and other alternative assets. The private credit boom is here and the Hamilton Lane Senior Credit Opportunities Fund has tripled in assets under management in just six months from November 2022 through April this year. Visit Securitize.io to learn more.
Stocks opened slightly higher after Monday's opening bell after several weeks of gains as the year closes out.
Big Business This Week is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
