Crime History: Man makes off with $245,000 in first U.S. bank heist

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Local,Crime,Scott McCabe,Crime History

On this day, March 19, in 1831, Edward Smith committed the first recorded bank heist in the United States in New York City.

Smith, who ran a shoe shop, used a duplicated set of keys to enter the City Bank on Wall Street -- now known as Citibank after the establishment closed. He made off with $245,000 and spent $60,000 before he was caught a week later.

Smith was sentenced to five years of hard labor.

Today, the most common method to making unauthorized withdrawals from banks is to simply step up to a teller with a note demanding cash, according to the FBI.

- Scott McCabe

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Scott McCabe

Staff Writer - Crime
The Washington Examiner