Three men were able to walk out with $200,000 from the Borgata Hotel and Casino in Atlantic City. Only, it was in stolen jewelry.
According to the NewJerseyNewsroom.com, three men stole merchandise from a jewelry store after a “smash and grab” robbery at the Borgata on Monday night. The robbery took place around 8:45 E.D.T. during the Borgata’s 10-year anniversary party. Originally, it was reported that $500,000 in jewelry was stolen. However, WPVI-TV reported that police announced it was $200,000 in Rolex watches that were stolen from Borgata.
The New York Daily News reported that the three crooks sprinted to their dark-colored getaway vehicle. No one was harmed during the robbery because the crooks did not use any weapons.
Authorities are still looking for the jewel thieves. According to NBC 40, police are working on pulling surveillance video for their investigation.
It turns out the “smash and grab” is a common method according to Forbes. The president of the Jewelers’ Security Alliance said recently thieves prefer the “smash and grab” method over pointing a gun at the store’s employees. The president of the JSA, John J. Kennedy, also said, “What’s interesting is we’re seeing a big rash of smash-and-grabs between New Jersey and Atlanta on the east coast. A tremendous rash of them in the east coast region.”
According to Forbes, JSA’s stats say these quick types of robberies are now the majority of burglaries. Forbes reported that “three-minute burglaries” or overnight burglaries, which are similar to the “smash and grab”, account for approximately 82.6% of the total burglaries experienced by the jewelry industry, according to JSA’s statistics. JSA said another type of burglary similar to the “smash and grab” is the grab and run”, which has grown to 46% of all thefts reported.
Authorities also ask that anyone with information regarding the robbery to call the Atlantic City Police Department Criminal Investigations Unit at 609-347-5766.