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The Honolulu Advertiser
Posted on: Thursday, March 15, 2007

$300,000 in bank cash stolen

By Rick Daysog
Advertiser Staff Writer

The FBI is investigating the alleged theft of more $300,000 from Bank of Hawaii that disappeared while being unloaded on O'ahu.

The bank yesterday confirmed the heist, which occurred Jan. 29 while the company was sending several bags of cash from Maui to O'ahu.

Bank of Hawaii spokeswoman Nancy Usui said the bank's armored transport service, Elyte Pacific Services, was loading the cash bags onto an Aloha Airlines flight when it discovered that one of the bags was missing.

Usui said the company is cooperating with the FBI, which has not made any arrests in the case. Usui said other state agencies and Elyte officials also are investigating the alleged theft.

FBI spokesman Brandon Simpson declined comment, citing the pending investigation. Aloha spokesman Stu Glauberman said the airline is cooperating with federal investigators.

Elyte officials declined comment.

In a news release, the bank said that customers have not suffered any losses, and the bank expects to be fully reimbursed.

News of the Bank of Hawaii heist comes after the state Department of Education last week reported that more than $25,000 in cash and checks was stolen from one of its armored car companies while parked at McDonald's in Hale'iwa.

According to the DOE, the theft occurred March 6 when the driver, an employee of Security Armored Car and Courier Service of Hawaii, was in the restaurant after finishing his daily run.

Reach Rick Daysog at rdaysog@honoluluadvertiser.com.


Correction: The theft of more than $300,000 from the Bank of Hawaii was discovered when the bags were being unloaded on O'ahu. A previous version of this story incorrectly said the theft was discovered on Maui.