A trusted banker walks away with $1.3 million in untraceable cash.
Jack Quinn was Vice President and General Manager of Federal Protection Services, a company that provided security and armed guards to banks and other financial institutions. Every day, the firm handled millions of dollars in cash.
On the morning of Saturday, April 9, 1988, Jack arrived at his office early, as usual. Only a supervisor, Harry Goldberg, was working that morning. According to Harry, there was nothing unusual:
Somehow, without being noticed, Quinn spent most of the morning in the vault transferring the money into boxes. He put the money from the vault into the trunk of his company car and an additional $107,000 into the trunk of his personal car. He then asked Harry Goldberg to follow him home. When he arrived home, Quinn dropped off his car, and said goodbye to his wife. Harry Goldberg drove Quinn back to the office. Quinn got into the company car that now held over a million dollars, and headed to the airport. Police believed he had transferred 1.3 million dollars into suitcases. When he arrived at the airport, Quinn unloaded his car and vanished. James Cavanaugh, a Special Agent for the FBI, was a lead investigator on the case:
When her husband failed to come home that evening, Quinn’s wife called his office. They had no idea where he was or what he had done. The next morning she found the $107,000 in the trunk of their car and turned it in to the police. She also found a letter that read in part, “I have done something very wrong and I can’t stay and face the consequences.” According to Special Agent Cavanaugh, Quinn walked away with untraceable bills:
Quinn was known to appreciate the good life. He rented a 10- acre horse ranch. Friends wondered how he could afford this extravagant lifestyle on his $35,000 a year income.
In their investigation, police learned that Quinn had once been suspected of stealing $70,000 at another firm before he went to work at Federal Protection Services. Carl Fulgenzi was the President of Federal Protection Services at the time of Quinn’s theft:
There were also reports that Quinn had been conducting an ongoing affair. A month prior to the theft, Quinn would leave home at 5 AM, yet not arrive at work until 9:30. Police speculated that he used the time to see his girlfriend. They also speculated that the two may have run away together.
Whatever the reasons for his disappearance, today Jack Quinn is a wanted man. In all, Quinn walked away with 1.3 million dollars. Authorities believe he is living somewhere in Hawaii or near Baltimore, Maryland, and going by the name Calvin Clukey.