The 1998 Bank of America robbery was a

bank robbery Bank robbery is the criminal act of stealing from a bank, specifically while bank employees and customers are subjected to force, violence, or a threat of violence. This refers to robbery of a bank Branch (banking), branch or Bank teller, tel ...

of $1.6 million in cash at the

Bank of America The Bank of America Corporation (Bank of America) (often abbreviated BofA or BoA) is an American multinational investment banking, investment bank and financial services holding company headquartered at the Bank of America Corporate Center in ...

in 1 World Trade Center, in New York City, on January 14, 1998. The robbery was plotted and executed by Ralph Guarino, an actor and petty criminal with connections to the

DeCavalcante crime family The DeCavalcante crime family, also known as the North Jersey crime family or the North Jersey Mafia, is an Italian American Mafia crime family that operates mainly in northern New Jersey, particularly in Elizabeth, Newark, West New York and ...

. Guarino received some intelligence from a WTC worker named Salvatore Calciano, who told him about the increased security that followed the 1993

World Trade Center bombing The 1993 World Trade Center bombing was a terrorist attack carried out by Ramzi Yousef and associates against the United States on February 26, 1993, when a van bomb detonated below the 1 World Trade Center (1971–2001), North Tower of the Worl ...

and would later give him his employee ID badge from a friend of Calciano. He also told Guarino when a

Brink's The Brink's Company is an American Automated cash handling, cash handling company, headquartered in Richmond, Virginia. Its operations include cash-in-transit, ATM replenishment & maintenance, and cash management & payment services, such as va ...

armored truck would arrive to deliver money via elevator to the 11th floor of the North Tower (Tower One) of the WTC. The two of them planned the robbery and recruited three other criminals to complete the actual robbery: Richie Gillette, 39, from Windsor Terrace, Brooklyn, as well as his friends Melvin Folk, 44, and Mike Reed, 34. On Wednesday, January 14, 1998, a Brink's van pulled up to the World Trade Center at around 8:30 a.m. and began unloading some bags of money. Only Gillette wore a ski mask to make it more difficult for others to identify him. They successfully subdued the WTC employees and guards to steal the bags. They took a total of $1.6 million (worth $ million today). The robbers exited the WTC at 8:45 a.m. In the aftermath of the robbery, Folk and Reed returned to their old neighborhoods and were quickly identified and captured. Gillette was questioned by security after boarding an

Amtrak The National Railroad Passenger Corporation, Trade name, doing business as Amtrak (; ), is the national Passenger train, passenger railroad company of the United States. It operates intercity rail service in 46 of the 48 contiguous United Stat ...

train but was not detained at the time. He was later found and arrested in

Albuquerque, New Mexico Albuquerque ( ; ), also known as ABQ, Burque, the Duke City, and in the past 'the Q', is the List of municipalities in New Mexico, most populous city in the U.S. state of New Mexico, and the county seat of Bernalillo County, New Mexico, Bernal ...

, two days later, at 8:30 pm, January 16. The FBI did not believe the three had acted alone and began to search for a mastermind. Guarino had various ideas of how to get rid of the money but ultimately was unable to follow through on any plans before FBI agents came to arrest him at his

Staten Island Staten Island ( ) is the southernmost of the boroughs of New York City, five boroughs of New York City, coextensive with Richmond County and situated at the southernmost point of New York (state), New York. The borough is separated from the ad ...

home. Following his arrest, Guarino agreed to become an

FBI The Federal Bureau of Investigation (FBI) is the domestic Intelligence agency, intelligence and Security agency, security service of the United States and Federal law enforcement in the United States, its principal federal law enforcement ag ...

informant on the DeCavalcante crime family.

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* {{DEFAULTSORT:Bank of America robbery, 1998 1998 in New York City 1990s crimes in New York City 1990s in Manhattan Bank of America Bank robberies in the United States Crimes in Manhattan DeCavalcante crime family American Mafia events Organized crime events in the United States World Trade Center January 1998 crimes in the United States

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References

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