Brink’s disputes worth of gems in ‘Ocean 11’ type jewel heist: lawsuit

The classic, one-of-a-kind jewels jacked from a Brink’s armored truck in California had been alleged to be price a paltry $8.7 million — not the whopping $150 million the gem homeowners claimed after the theft.

Brink’s contends a number of jewel firms undervalued the gems ripped off final month on its watch throughout the “Ocean’s 11” type heist, in response to a Manhattan Federal Courtroom lawsuit.

You are reading: Brink’s disputes worth of gems in ‘Ocean 11’ type jewel heist: lawsuit

Brink’s insists it’s not accountable for the hefty losses now being claimed by the jewelers.

Brink’s World Providers USA, Inc. is suing 13 jewellery distributors for breach of contract, claiming they put a a lot totally different worth for the products on the merchandise manifest, in response to the Aug. 4 submitting.

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“Offering a declared worth considerably beneath the precise worth of the cargo, with out the written consent of Brink’s, constitutes fraud in opposition to Brink’s and should represent insurance coverage fraud,” in response to courtroom papers.

The corporate desires a decide to declare that it’s not answerable for the sky excessive $150 million valuation utilized by the jewelers, however as an alternative is simply accountable for the decrease quantity.

A Brinks armored truck parked in front of Walgreens.
Thieves had gotten away with a grand heist of expensive jewellery in Frazier Park, California on July 11, 2022.
Jeffrey Greenberg/Common Photographs Group through Getty Photographs
Jewelry vendors insists approximately $150 million in goods were snatched.
Jewellery distributors insist roughly $150 million in items had been snatched.

In all, 22 luggage of jewels had been stolen from the again of the truck July 11 because it drove from one business conference in San Mateo to a different in Pasadena, authorities and distributors stated. The FBI is investigating.

The truck left San Mateo at midnight and shortly after 2 a.m., the armed guards hit a relaxation cease in Frazier Park, Calif., the place one went in for meals and the opposite guard stayed behind and bought some sleep, Brink’s stated in courtroom papers.

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About half-hour later the guard returned to search out “the pink plastic seal across the trailer was minimize and mendacity on the bottom,” and located the rear lock minimize away, Brink’s stated within the authorized submitting. The dozing armed guard advised his companion he “didn’t see or hear something uncommon” and the duo known as the cops.

Brink’s is accused jewellery distributors of committing insurance coverage fraud.
White Brinks armored security truck parked in front of a building.
Two armed guards stopped to relaxation in Frazier Park, California when the thieves approached the car.
Roberto Machado Noa/LightRocket through Getty Photographs

Brandy Swanson, the director of the San Mateo jewellery present, beforehand stated the jewelers robbed of their gems had misplaced greater than $100 million within the theft. Distributors claimed the determine was as excessive as $150 million.

Swanson famous it was her expertise that jewellery homeowners are likely to underestimate their expensive stock relating to insurance coverage, to maintain prices low.

“That’s the place the discrepancy is available in,” she stated.

A Jewelry Store
Roughly 25 to 30 luggage full of bijou had been robbed from the Brink’s truck.
Getty Photographs
Pasadena mountains at sunset.
The costly cargo was on its method to showcase on the Pasadena Conference Heart northeast of Los Angeles earlier than it was stolen.
Getty Photographs/iStockphoto

Brink’s didn’t instantly return messages.

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