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PRESS RELEASE: Former Brink’s Employee, STEPHEN LANCASTER DENNIS, Charged with Stealing $200,000 in Quarters

Department of Justice
U.S. Attorney’s Office
Northern District of Alabama
FOR IMMEDIATE RELEASE
Monday, March 7, 2016

Former Brink’s Employee Charged with Stealing $200,000 in Quarters

BIRMINGHAM – Federal prosecutors today charged a Harpersville man with stealing nearly $200,000, all in quarters, while he worked for Brink’s Company armored transport service, announced U.S. Attorney Joyce White Vance and FBI Special Agent in Charge Roger C. Stanton.

The U.S. Attorney’s Office charged STEPHEN LANCASTER DENNIS, 49, with one count of bank theft for stealing $196,000 belonging to the Federal Reserve Bank of Atlanta while he worked as a money processing manager for Brink’s at its Birmingham branch in early 2014. Dennis has entered an agreement with the government to plead guilty to the charge and repay $196,000 to Brink’s. The armored service already has reimbursed the Federal Reserve Bank for the loss.

“This defendant may have thought he had quite a haul when he took nearly $200,000 in quarters from the Federal Reserve’s coin storage at Brink’s, but now he carries a heavier load. He must repay the money and face a federal sentence,” Vance said.

“What Mr. Dennis may have thought was a nickel and dime theft was, in the end, the equivalent of a major bank heist,” Stanton said. “Now, he will be a convicted felon who must repay all the stolen money.”

According to the charging document and Dennis’ plea agreement, he carried out the theft as follows:

Brink’s stored U.S. currency and coin belonging to its customers, including the Atlanta Federal Reserve Bank, at Brink’s facility in Birmingham. As a money processing manager at the facility, 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. The quarters were placed so they would be visible through a plastic window in the neck of each bag.

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.

The maximum penalty for bank theft is 10 years in prison and a $250,000 fine.

The FBI investigated the case, which Assistant U.S. Attorney Henry Cornelius is prosecuting.

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Most of the information you will see comes from some Federal/state Government documents or Federal/State Governm Agency. -----------------------------------------------The fellow that can only see a week ahead is always the popular fellow, for he is looking with the crowd. But the one that can see years ahead, he has a telescope but he can't make anybody believe that he has it. ~~~~Will Rogers __The woman who follows the crowd will usually go no further than the crowd. The woman who walks alone is likely to find herself in places no one has ever been before.~ Albert Einstein ~"I never work better than when I am inspired by anger; for when I am angry, I can write, pray, and preach well, for then my whole temperament is quickened, my understandingsharpen​ed, and all mundane vexations and temptations depart.” ~Dr. Martin Luther King Jr. _________________________________________________________________________________________ ~"The bosom of America is open to receive not only the Opulent and respectable Stranger, but the oppressed and persecuted of all Nations and Religions; whom we shall welcome to a participation of all our rights and privileges, if by decency and propriety of conduct they appear to merit the enjoyment".~___________________________________ George Washington, Address to the Members of the Volunteer Association of Ireland, December 2, 1783 Fredericacade@gmail.com

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