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Politics : Formerly About Advanced Micro Devices

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Home News & Info Police names ‘Bucket Of Gold Flakes’ theft suspect

Police names 'Bucket Of Gold Flakes' theft suspect
News & InfoPolice names ‘Bucket Of Gold Flakes’ theft suspect

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MJournal
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December 21, 2016
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NYPD identifies suspect in theft of 86-pound bucket of gold flakes worth $1.6 million from armored truck in Midtown.

Police on Tuesday identified the suspect as Julio Nivelo, 53, and released photographs of the 5-foot-5 man also known as David Vargas.

Nivelo is a career thief from New Jersey who has been arrested seven times and deported back to his native Ecuador four times, police said in a story by The Associated Press.

Nivelo is also known to the NYPD as Luis Toledo and several others aliases.

Detectives say Nivelo fled to Orlando, Florida, after the theft before ultimately landing in California. Police believe he’s hiding out in the Los Angeles area with the stolen gold.

Police believe Nivelo was walking on West 48th Street in midtown about 4:30 p.m. on Sept. 29 when he spotted the 5-gallon aluminum bucket in the back of a truck parked between Fifth and Sixth avenues.

Police, who also released video of the suspect taking the bucket and then walking with it, said the thief made his move when the guard briefly went back to the truck cab to get his cellphone.

Because of the weight of the bucket, it took the suspect an hour to make what is normally a 10-minute walk as he fled east on 48th Street, according to The Associated Press.

Anyone with information about his whereabouts has been urged to contact NYPD’s Crime Stoppers Hotline at (800) 577-TIPS.
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