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To: Jan Crawley who wrote (37421)3/3/1998 11:39:00 PM
From: blankmind  Read Replies (1) | Respond to of 61433
 
it was posted shortly after the market close.



To: Jan Crawley who wrote (37421)3/4/1998 8:12:00 AM
From: Glenn D. Rudolph  Respond to of 61433
 
******OT*******

Suspect in $17M heist pleads poverty

CHARLOTTE, N.C. - A man accused of stealing $17 million in one of the
biggest armored car heists in U.S. history told a judge Tuesday he is
penniless and unable to hire his own lawyer.

''Are you telling this court you have no cash at no place under your
control?'' U.S. Magistrate Carl Horn asked David Scott Ghantt.

''Yes, sir,'' Ghantt replied.

The 28-year-old former armored car driver was captured Sunday near the
Mexican island resort of Cozumel and brought back to Charlotte to face
charges in the theft of a van last fall from a Loomis, Fargo and Co.
warehouse.

About $14 million is still missing. Federal agents said they are trying to
locate the money in North Carolina. ''We're searching safety deposit boxes
today,'' said FBI spokesman Bob Wanamaker.

Seven other people from North Carolina - including another former
Loomis employee - were arrested as accomplices. All eight were jailed
without bail pending a hearing Thursday. The magistrate agreed to their
requests for court-appointed attorneys.

According to court papers, an informant tipped off authorities to the
sudden wealth displayed by two of the alleged accomplices. Within about
three weeks of the heist, one went from a mobile home to a $635,000
house, and his wife got breast implants and bought a BMW sports car for
cash.

Two of the alleged accomplices were plotting to kill Ghantt while
pretending to bring him more cash in Mexico, investigators said.

By The Associated Press