On October 4, 1997, David Scott Ghantt walked into the Loomis Fargo & Co. vault at 2050 Suttle Avenue in Charlotte, North Carolina, and executed what would become one of the most infamous armored car robberies in American history. The vault supervisor loaded approximately $17.3 million in cash into a company Ford Econoline van, grabbed the vault keys and security VCR tapes, and drove away.

The heist itself was audacious but straightforward. Ghantt had inside knowledge of the vault's operations and security protocols. He set the vault timer to prevent it from opening for two to three days, buying himself crucial time before the theft would be discovered. Security footage captured the entire operation—a third vault camera recorded Ghantt loading the cash himself—but by the time alarms were raised, he was gone.

What Ghantt hadn't fully anticipated was the sheer physical bulk of $17 million in currency. The cash weighed over 2,800 pounds—more than 1½ tons. The weight was so extreme that the conspirators abandoned the van just two days after the heist, with $3.3 million still inside. The FBI recovered the abandoned vehicle and its contents, immediately reducing the fugitives' haul.

Ghantt himself fled to Mexico, but his co-conspirators didn't have his head start or his caution. The conspiracy included Kelly Campbell, a former Loomis Fargo employee who had helped plan the heist, and Steve Chambers, along with Chambers's wife Michelle. While Ghantt maintained a low profile abroad, his domestic partners made choices that would unravel the entire operation.

Steve Chambers became the poster child for criminal overreach. Shortly after the robbery, he purchased a $635,000 home in a style so ostentatious it screamed "I just stole a fortune." The down payment alone revealed the crime: $10,000 upfront, $400,000 paid in cash, and $225,000 financed. The property became a beacon for investigators.

Michelle Chambers compounded the problem with equally incriminating behavior. She made multiple bank deposits in suspicious amounts—including deposits of $9,500 in $20 bills—patterns designed to stay below reporting thresholds but obvious to any law enforcement officer reviewing transaction records. Banks flagged the suspicious activity, and tips began flowing to authorities.

The FBI deployed wiretaps and followed the financial breadcrumbs the conspirators had left scattered across Charlotte like a map to their guilt. The investigation moved quickly and methodically. Within weeks, more than 20 people were arrested in connection with the heist. Ghantt was located and extradited from Mexico. One by one, the conspirators fell.

The recovery rate proved remarkable: approximately 90% of the stolen $17.3 million was recovered. The money that the conspirators couldn't hide or spend was seized through asset forfeitures and searches. Their mansions, vehicles, and remaining cash became evidence and restitution.

The Loomis Fargo heist stands as a cautionary tale about the gap between successfully executing a crime and actually getting away with it. Ghantt and his co-conspirators had the inside knowledge and opportunity to pull off a spectacular theft. But they lacked the discipline, patience, or criminal sophistication to enjoy the proceeds. They wanted immediate gratification—new houses, visible wealth, status—and that hunger for display destroyed them.

The case also illustrated the power of modern investigative techniques. Security footage, financial monitoring, wiretaps, and basic police work proved more than sufficient to dismantle a criminal conspiracy. In the end, greed and impatience defeated the thieves more decisively than any vault ever could.

**Sources:** - https://www.museumofthenewsouth.org/digital/loomis-fargo-and-company/ - https://blog.prepscholar.com/david-scott-ghantt-loomis-fargo-heist - https://nclawyersweekly.com/2025/06/30/loomis-fargo-hillbilly-heist-1997/ - https://www.oxygen.com/true-crime-buzz/how-did-david-ghantt-kelly-campbell-steve-chambers-steal-more-than-17m