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Not exactly a lucrative crime career?

Posted by Heather on June 10, 2005 at 12:02 PM

"Grandpa Gang" locked up after armed heists (Reuters)

"... the three men, aged between 64 and 74, confessed plundering more than $1.2 million in a string of armed hold-ups..."

"...The men had admitted raiding 14 banks between 1988 and 2004..."

Ok - so I had to do the math.

$1.2 Million, over the course of 16 years is an average of $75K a year. Divide that amongst 3 men, and it's an average annual gross "salary" of $25,000.

Seems like a low return for a lot of high risk and high stress... of course, if they invested their earnings wisely (as most bank robbers are apt to do) I'm sure they have much more to show for their 16-year crime spree...


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