Ore. man pleads guilty in theft scheme

Mar 1, 2012, 11:10 AM

PORTLAND, Ore. (AP) – A Portland man has done more than just plead guilty to conspiracy in thefts that netted millions _ he has led investigators to a safe deposit stash of nearly $2 million.

Vincent Cabello, 39, pleaded guilty Wednesday in federal court to two conspiracy counts involving bank larceny and money laundering, The Oregonian reported (
http://is.gd/2mBKO0).

His parents, 64-year-old Archie and 59-year-old Marian Cabello, are also involved in the case and are set to stand trial in April.

According to court documents, after the younger Cabello sat down with investigators recently, FBI agents searched a safe deposit box in Bellevue, Wash., finding nearly $2 million in $100 bills.

Vincent Cabello and his parents were accused in three heists that investigators said were inside jobs disguised as robberies. Two involved armored cars that Cabello’s father drove and a third was at a security company where the son worked.

The thefts date to 1995 and 1998 in Milwaukee, Wis., and 2005 in Portland. The three family members were indicted in 2010.

Cabello’s parents face trial on an array of charges, including bank larceny, possession of stolen bank funds, making false statements on credit applications and conspiracy to commit money laundering.

Court documents say that in December 2005, Archie Cabello was driving for Oregon Armored Service when he pretended that his car had been hijacked at gunpoint as he made a pickup in southeast Portland. He told the FBI that two men, one armed with a pistol, made off with about $3 million.

Federal agents found the story fishy, especially after learning about the Cabellos’ connections to the Milwaukee crimes. One was the 1998 theft of more than $700,000 from a vault at a Milwaukee security company where Vincent Cabello was a shipping-and-receiving clerk.

Authorities accuse the Cabello family of spending years hiding stolen money, converting much of it into money orders, which they used to pay off credit cards that they took out under aliases.

Vincent Cabello was scheduled to be sentenced on June 6.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

United States News

This image released by Polk & Co. shows the company during a performance of Roundabout Theatre Comp...
Associated Press

Review: Broadway revival of ‘1776’ shakes things up nicely

NEW YORK (AP) — The somewhat antiquated musical “1776” has long been ripe for a radical makeover and it has found one on Broadway. “Someone oughta open up a window!” an actor cries in the first scene and that applies to both the stifling heat of the setting as well as this revival, which brings […]
19 hours ago
Far-right Proud Boys member Jeremy Joseph Bertino, second from left, joins other supporters of Pres...
Associated Press

Riot plea: Proud Boys member admits to seditious conspiracy

WASHINGTON (AP) — A North Carolina man pleaded guilty Thursday to plotting with other members of the far-right Proud Boys to violently stop the transfer of presidential power after the 2020 election, making him the first member of the extremist group to plead guilty to a seditious conspiracy charge. Jeremy Joseph Bertino, 43, has agreed […]
19 hours ago
FILE - This undated photo released by the Arizona Attorney General's Office shows Guillermina Fuent...
Associated Press

Arizona woman seeks leniency in ballot harvesting case

PHOENIX (AP) — A parade of character witnesses provided a judge Thursday with glowing reports about a southern Arizona woman who admitted collecting four voted early ballots in the 2020 primary election, as her lawyer seeks leniency and prosecutors urge him to send her to prison for a year. Testimony in Yuma County Superior Court […]
19 hours ago
FILE - A demonstrator waves a flag with marijuana leaves depicted on it during a protest calling fo...
Associated Press

Biden pardons thousands for ‘simple possession’ of marijuana

WASHINGTON (AP) — President Joe Biden is pardoning thousands of Americans convicted of “simple possession” of marijuana under federal law, as his administration takes a dramatic step toward decriminalizing the drug and addressing charging practices that disproportionately impact people of color. Biden’s move also covers thousands convicted of the crime in the District of Columbia. […]
19 hours ago
President Joe Biden aboard Marine One arrives at the Wall Street Landing Zone in New York, Thursday...
Associated Press

Biden: Nuclear ‘Armageddon’ risk highest since ’62 crisis

NEW YORK (AP) — President Joe Biden said Thursday that the risk of nuclear “Armageddon” is at the highest level since the 1962 Cuban Missile Crisis, as Russian officials speak of the possibility of using tactical nuclear weapons after suffering massive setbacks in the eight-month invasion of Ukraine. Speaking at a fundraiser for the Democratic […]
19 hours ago
This image provided by WOI-TV, shows reporter Nora J.S. Reichardt. The Des Moines television report...
Associated Press

Iowa reporter announces on newscast that she is transgender

DES MOINES, Iowa (AP) — A Des Moines television reporter announced this week on a newscast that she will publicly identify as a transgender woman. Nora J.S. Reichardt of WOI-TV said that for a long time she didn’t think she would be able to reveal her identity on air. “I didn’t know if there was […]
19 hours ago

Sponsored Articles

...
Sanderson Ford

Don’t let rising fuel prices stop you from traveling Arizona this summer

There's no better time to get out on the open road and see what the beautiful state of Arizona has to offer. But if the cost of gas is putting a cloud over your summer vacation plans, let Sanderson Ford help with their wide-range selection of electric vehicles.
...
Dr. Richard Carmona

Great news: Children under 5 can now get COVID-19 vaccine

After more than two years of battle with an invisible killer, we can now vaccinate the youngest among us against COVID-19. This is great news.
(Courtesy Condor)...
Condor Airlines

Condor Airlines shows passion for destinations from Sky Harbor with new-look aircraft

Condor Airlines brings passion to each flight and connects people to their dream destinations throughout the world.
Ore. man pleads guilty in theft scheme