Local News

Show Them the Money

Posted January 6, 1998

— Two Wells Fargo employees are on the hot seat after $200,000 they were carrying last week turned up missing.

The money disappeared last Monday in the Research Triangle Park. Wells Fargo driver David Faircloth and messenger Steven Stepp delivered money to the IBM building at the corner of Miami Boulevard and Cornwallis Road.

The workers then headed up Cornwallis Road to a credit union at another IBM building. They say that somewhere along the heavily-travelled, one-half-mile stretch of road, the $209,000 simply disappeared.

The Morrisville Police Department took the initial report, interviewing the two employees. Sergeant Felecia Sykes says that it looks suspicious.

Wells Fargo would not comment on the incident, nor would they comment on the employment status of the two workers. WRAL contacted Stepp's wife Tuesday afternoon, and she would not comment on her husband's employment status, either.

Wells Fargo has reimbursed Coastal Federal Credit Union for the entire amount of $209,000. The Morrisville Police Department, the Durham County Sheriff's Department, and the FBI are investigating in the case. An FBI spokesman told WRAL that they are looking into whether criminal activity was involved in the money's disappearance.

Sergeant Sykes says that they're still looking, but there is a very slim chance that the cash will turn up.

Police say that the cash was inside a white Wachovia money bag.

This is not the first time a large amount of money has disappeared in North Carolina.

In September, the money trail from the largest armored car heist in history ended near Asheville. The FBI found almost $19 million in a storage shed.

A Loomis Fargo Company driver is charged with hijacking the truck in Florida. Philip Johnson was arrested trying to make his way into Mexico. Police say a receipt from the storage facility led them to the loot.

Less than a month after that money was found, there was another Tar Heel heist. This time in Charlotte. Police believe David Ghantt took $15 million from a Loomis Fargo warehouse. Some of the money was recovered in a stolen van, but Ghantt and $12-million dollars are still missing. Loomis Fargo is offering a half-million-dollar reward for any information that could lead them to Ghantt and the money.


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