- Category: World News
- Published Monday, March 7, 2016
- CTV News
BIRMINGHAM, Ala. -- Federal prosecutors in Alabama say a former armoured transportation company worker has agreed to plead guilty to stealing nearly $200,000, all in quarters.
The U.S. attorney's office in Birmingham says 49-year-old Stephen Lancaster Dennis of Harpersville agreed to plead guilty to theft.
A statement released Monday about the case says Dennis has to repay $196,000 to Brink's Co., the armoured transportation company he worked for at the time of the heist.
Prosecutors say Dennis was a money-processing manager at a Brink's facility in Birmingham, where coins were stored for the Atlanta Federal Reserve Bank. They say the man took 784,000 quarters in early 2014 by using beads to fill bags that were supposed to contain $50,000 each in quarters.
Dennis faces a maximum sentence of 10 years in prison.