Robbing the Federal Reserve… and Getting Away With It

by Nick Giambruno, Senior Editor
International Man

It was the largest bank robbery in history…

It started just hours after the U.S. invaded Iraq in 2003. Saddam Hussein and his sons looted over $1 billion in cash from the Central Bank of Iraq.

In 2005, Brazil’s central bank was also robbed, this time in an Oceans 11-style heist. A gang of 35 bank robbers dug an 80-meter tunnel underneath a branch of the Central Bank of Brazil. They disguised themselves as landscapers to avoid detection while they constructed the tunnel. The gang made off with around $70 million in cash.

It’s rare that any country’s central bank is robbed. When it does happen, it’s a huge story. It’s not like knocking off the local liquor store or retail bank. Central banks are big game.

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