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

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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