A Harpersville man is being charged with stealing hundreds of thousands of dollars in quarters while he worked for an armored truck company.
U.S Attorney Joyce White Vance announced today that Stephen Lancaster Dennis is charged with one count of bank theft for stealing money belonging to the Federal Reserve Bank in Atlanta. In 2014, Dennis allegedly stole $196,000 in quarters while he worked as a money processing manager for Brink’s Armored Transport at its Birmingham branch.
According to the charging document, Dennis had access to the Federal Reserve Coin Inventory. As part of that inventory, quarters were stored in ballistic bags, each containing $50,000.The bags were stored on skids inside Brink’s Coin Room.
An April 2014 audit of the Federal Reserve Coin Inventory revealed that four of the ballistic bags contained beads and only $1,000 in quarters. .
An investigation revealed that on Sunday, Feb. 16, 2014, not a scheduled workday for Dennis, he entered Brink’s and collected four empty skids and four empty ballistic bags, which he filled with beads. He then placed the skids and the bags inside the coin room. Between Jan. 1, 2014, and Feb. 20, 2014, his last day of employment at Brink’s, Dennis stole the 784,000 quarters totaling $196,000.
Dennis has entered an agreement to plead guilty and return the money.