Police Identify Thief Who Stole $1.6 Million Gold In Just 20 Seconds

The man stole an 86-lb. pot of gold (literally) worth $1.6 million, in less than 25 seconds – and in the middle of a busy street, in broad daylight.

UPDATE: New York Police have identified the thief who stole $1.6 million worth of gold as Julio Nivelo. The 53-year-old man is also known as David Vargas and by other aliases.

“He's a career thief who's been arrested seven times and deported four times to his native Ecuador, according to Pastor,” reports NBC New York.

Authorities are offering a handsome reward, of more than $100,000, for information in the case.


In what could qualify as the world’s quickest (and easiest) heist, a man stole a bucket full of gold flakes in nearly 20 seconds.

The incident occurred in the middle of a busy New York City street, in broad daylight, in September. Authorities released its surveillance video just this week.

CCTV footage shows a man who walks by an armored truck but suddenly stops upon discovering that the vehicle was left unattended.

As quick as lightning, he walks toward the truck and picks up an aluminum pail full of gold flakes that’s reportedly worth $1.6 million.

NBC New York reports there were two guards at present near the truck. However, both of them co-incidentally were away at the same time for less than 30 seconds, which was apparently enough for the suspect to pull off the heist.

"I think he just saw an opportunity, took the pail and walked off," said NYPD Det. Martin Pastor, who's looking into the case, told the news channel.

Since the loot weighed approximately 86 pounds, the suspect can be seen struggling with the bucket in the surveillance video.

The theft took place on Sept. 29 on West 48th Street. The suspect is still at large.

The police believe he is hiding somewhere in Florida. According to CNN, “he is described as a Hispanic male who is about 5 feet, 6 inches tall, 150 pounds and between 50 and 60 years old.”

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