Did an armored car worker embezzle nearly $200,000 from 23 ATMs across the city as the FBI alleges, or did he absentmindedly leave two sacks brimming with cash on the back bumper of his ride? Perhaps both, according to a recently unsealed federal indictment.
Bolliger had been with Loomis for 13 years, and his tenure earned him "a position of special trust and confidence," court documents say. Normally the three-man armored car teams that empty and restock cash machines have several layers of oversight -- each "custodian" must use a traceable key to unlock the machines, the money is tallied against printed receipts by a third party, etc. -- but Bolliger was in charge of training new employees, which gave him some wiggle room.
On October 26, 2010 Bolliger filled out paperwork stating he had deposited $46,000 in a US Bank ATM on the 2700 block of East Madison and withdrawn $10,020 in unused "residual" cash to bring back to Loomis headquarters. An attentive Loomis employee noticed that Bolliger only retrieved $8,020. It was the second time that year Bolliger had come up short at the end of the day.
Told he'd be taken off the route he'd been working the past four years, Bolliger confessed: earlier in 2010, he said, he lost two big bags of cash. Ever since then, he'd been skimming a few thousand dollars each day from lesser used ATMs and cooking his books so that the money wouldn't be missed. He claimed that he was saving up to pay back the amount he'd lost: $194,000.
So how does one manage to misplace a couple hundred grand? Bolliger told his boss (and later the FBI) that he was changing out cash at a Wells Fargo ATM at the Crown Hill Safeway on May 13 when he forgot about two blue sacks on the back bumper of his armored car. He realized his mistake on the way to the next stop, but didn't order his driver to turnaround. He claims he went back to look by himself after his shift, but (surprise!) the money was gone.
A subsequent audit by the feds found that Bollinger routinely put less money into his ATMs than ordered, then pocketed the difference. His role as a trainer allegedly allowed him to cover his tracks.
As for his claim of misplacing the moneybags, investigators narrowed down the date and ATMs and determined that none of the machines after the Crown Hill Safeway stop were missing money on May 13, and noted that if that much dough disappeared somebody surely would have noticed.
Even more damning, when the FBI analyzed Bolliger's personal bank records they noticed that in the year leading up to March of 2009, he was late on his car loan payments seven times. The following year, after he started skimming, he never missed a payment.Kenneth Bolliger ATM Skimming Complaint