Philadelphia men face federal charges for allegedly stealing 2 million dimes from truckload of coins

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Philadelphia men face federal charges for allegedly stealing 2 million dimes from truckload of coins
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Authorities unsealed charged against four men in Philadelphia, Pennsylvania who broke into a trailer from a U.S. mint and stole two million dimes from the truck.

Federal authorities unsealed charges against four men who earlier this year allegedly broke into an unmarked trailer containing 2 million dimes in Philadelphia. Authorities say that 25-year-old Rakiem Savage, 31-year-old Ronald Byrd, 30-year-old Haneef Palmer and 32-year-old Malik Palmer face conspiracy, robbery, theft of government money and other charges. Authorities said that the truck filled with dimes was headed from the U.S.

Authorities said that the group made off with a portion of its cargo of $750,000 in dimes, a shipment weighing about six tons. Police estimate that the group stole $234,500 in dimes from the truck. The Philadelphia Inquirer reports that prosecutors say that theft the was part of a spree of robberies from tractor-trailers passing through the region that included the theft of frozen crab legs, shrimp, meat, beer and liquor.

Detectives said at the time that surveillance video showed six men, dressed in gray hoodies and armed with bolt cutters, approaching the truck in the middle of the night and breaking into it, then loading the coins into smaller bags and into a waiting truck. The indictment unsealed Friday alleges that after the theft, thousands of dimes were converted into cash at coin machines in Maryland or through deposits to at least four different suburban Philadelphia banks, the newspaper reported.

The Associated Press contributed to this report.

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