Parents, son sentenced to prison for armored car heist - KPTV - FOX 12

Parents, son sentenced to prison for armored car heist

Posted: Updated:
Archie, Marian and Vincent Cabello Archie, Marian and Vincent Cabello

Family members who worked together to steal millions of dollars from an armored car are now all going to prison.

Archie Cabello, 65, of Portland, was sentenced Wednesday to 20 years in federal prison for his role in stealing $3 million.

His wife, Marian Cabello, 60, and his son, Vincent Cabello, 40, were each sentenced to 15 months behind bars for their role in the armored car theft scheme.

In 2005, Archie Cabello took a job with Oregon Armored Services as an armored truck driver. In December, father and son carried out a plan to steal $3 million from the truck.

Investigators said Archie Cabello drove the truck to a prearranged location and gave his son access to the money.

Vincent Cabello took two shrink-wrapped bricks of hundred dollar bills worth $1.5 million each. Archie Cabello then drove several blocks away, handcuffed himself to the door and flagged down someone to call for help, according to the U.S. Attorney for the District of Oregon.

Vincent Cabello then took the money to a privately owned safe deposit box in Bellevue, WA that his father had rented.

The Cabellos spent around $1 million of the stolen funds, according to investigators, using more than 100 credit cards to pay living expenses and then using the stolen cash to pay their credit card bills.

Archie Cabello was first arrested in December 2010. He was released and arrested again in February 2012 for violating the terms of his release.

That same month Vincent Cabello told the FBI and IRS the location of the remaining stolen money, as well as hiding places, including consumer product containers modified with false bottoms.

Government agents seized nearly $2 million from the family.

Authorities said Archie Cabello has had only very short periods of lawful employment since the late 1960s. In that time he is accused of being persistently involved in theft and drug trafficking.

Archie and Marian Cabello first stole nearly $158,000 from an armored car in 1995 in Milwaukee, WI, according to investigators.

Their son was recruited in 1998 and the family carried out a robbery scheme. Police said Vincent Cabello got hired as a vault guard for a commercial building and the father-son team staged a heist involving Archie Cabello cuffing the hands and legs of his son, who posed as the victim, and stealing $730,000.

No charges were ever filed in those cases. The family moved to Portland the following year.

Archie Cabello pleaded guilty to charges including conspiracy to commit bank larceny, possession of stolen bank funds and money laundering.

Marian and Vincent Cabello pleaded guilty to conspiracy to commit bank fraud and conspiracy to commit money laundering.

They have all been ordered to pay restitution of $3.75 million.

Copyright 2013 KPTV-KPDX Broadcasting Corporation. All rights reserved.

Powered by Frankly
FOX 12
Powered by WorldNow CNN
All content © 2018, KPTV-KPDX Broadcasting Corporation, Portland, OR . All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.