This day in history: The Great Brink's Robbery occurred on this day (January 17) in 1950. The Great Brink's Robbery was an armed robbery of the Brink's building in the North End of Boston, Massachusetts, on January 17, 1950. The $2.775 million ($31.3 million today) theft consisted of $1,218,211.29 in cash and $1,557,183.83 in checks, money orders, and other securities. It was at the time the largest robbery in the history of the United States, and has been called "the crime of the century". The robbery remained unsolved for nearly six years, until estranged group member Joseph O'Keefe testified only days before the statute of limitations would have expired.
Of the eleven people involved in the robbery, eight would receive life sentences after a trial, with two others dying before they could be convicted. Less than $60,000 of the more than $2.7 million stolen would ever be recovered. The robbery received significant press coverage, and was eventually adapted into four movies.
The robbery was first conceived in 1947; however, in 1948, after months of planning, the group learned that Brink's had moved to a new location. While the theft was originally intended to be a burglary, rather than an armed robbery, they could not find a way around the building's burglar alarm. After observing the movements of the guards, they decided that the robbery should take place just after 7 pm, as the vault would be open and fewer guards would be on duty. Over a period of several months, the robbers removed each lock from the building and had a key made for it, before returning the lock. Two vehicles were stolen: a truck, to carry away the loot from the robbery; and a car, which would be used to block any pursuit.
"No one was hurt in the robbery, and the thieves left virtually no clues, aside from the rope used to tie the employees and one of the chauffeur’s caps. The gang promised to stay out of trouble and not touch the money for six years in order for the statute of limitations to run out. They might have made it, but for the fact that one man, Joseph “Specs” O’Keefe, left his share with another member in order to serve a prison sentence for another burglary. While in jail, O’Keefe wrote bitterly to his cohorts demanding money and hinting he might talk. The group sent a hit man to kill O’Keefe, but he was caught before completing his task. The wounded O’Keefe made a deal with the FBI to testify against his fellow robbers." Source
Eight of the gang's members received maximum sentences of life imprisonment. All were paroled by 1971 except McGinnis, who died in prison. O'Keefe received four years and was released in 1960. Only $58,000 of the $2.7 million was recovered. O'Keefe cooperated with writer Bob Considine on The Men Who Robbed Brink's, a 1961 "as told to" book about the robbery and its aftermath.
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