This Is The Greatest Bank Heist in Chinese History

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the link in the description. Handan, China October 10th, 2006. It was getting dark. The vault manager of the Agricultural Bank
of China was on edge. He was afraid. He felt something wasn’t quite right. Yes, there were two security
guards patrolling the grounds, which made him feel safer. But as vault manager, he
needed to be sure himself. He checked the printer
room, the conference room. There was no one there. No sign of trouble. Then he entered the vault. (door squeaking) Where everything was also fine. The money was there. The bank’s security system was down. In fact, everything
was just as he planned. He started counting the money,
but he knew he had to be quick. The paranoia was starting to get to him. He shoved the cash in his duffel bag and swiftly left the vault. For Ren Xiaofeng, it was good
to be the man in charge. It made robbing the
Agricultural Bank of China that much easier. But he still had to be careful. He wasn’t out of the woods yet. He cautiously made his way to his car, but then suddenly, flashlights. It was the two security guards. They had spotted him. They glanced down at
his duffel bag and asked if he got the money. You see, it was smart to enlist the help of the two security guards,
as it made him feel safer. He dumped the bag of cash in the car
and made no attempt at a getaway, not yet, because his shift wasn’t over. As vault manager, he still had about an
hour left on the clock. The next day, at home, he was relieved. He had the cash in his
possession was 200,000 yuan, which actually wasn’t all that much. At the time, this was the equivalent
of about $26,000 U.S. dollars. Now, however, this wasn’t
the end of his plan. Later that day, he made
his way down the street to a lottery vendor where
he purchased a large quantity of lottery tickets. He did the same across
the city – across Handan with numerous vendors buying in bulk, for this was his plan. He was using the stolen
money to buy lottery tickets in the hopes of winning a
sufficiently large prize. Large enough to be able to
return the missing funds before anyone noticed they were missing. The idea was the still have
money leftover for himself. That was his plan. And if you haven’t already figured it out, that is a stupid plan. Why? Because the math simple doesn’t add up. Lottery tickets are designed to cost more than the expected gain. The chances of winning
back more than you put in and on this sort of
scale is extremely low. If it were that simple, then
everyone would be doing it. Despite the stereotype,
this wasn’t apparent to Ren. Now you saw the title of this video. This is meant to be a great heist. And well, part of the reason
that’s the case is because despite the unfavorable odds, Ren won. The plan actually worked. He was able to return the
200,000 back to the vault and still pocket a large sum himself. It all went smoothly, swift and efficient, like a snap of a finger. Celebrations were abound as the heist was a genuine success. And so with the banking
staff none the wiser, Ren settled back and watched the sunrise. Now some people would
move on, but not him. Five months later in March 2007, emboldened by his initial success, he felt it was time for a round two. This time though, his
ambition was much greater. The Agricultural Bank of
China after all was one of the big four banks in China and
their vaults were loaded. He wanted more. So much more in fact, that
he couldn’t do it alone. He still had the two security
guards in his back pocket, but they were just lookouts. He needed someone in-bank
who could help move the money and to shield his activity
from the rest of the staff, at least till they could return the funds. The missing 200,000 previously
had gone unnoticed by the banking staff. But this time around, if
say, Ren were to wipe out 50% of all money in the vault,
it would be obvious. Now, there was only one
person Ren had his eye on, and that was Ma, the other vault manager. As he of all people was sure
to notice the missing funds. And so he had to bring him on board. This was certainly a risk. But fortunately for Ren,
Ma was game end game- no. Okay, it was time for the heist. The second heist. This one lasted much longer. During the months of March
and April, Ren and Ma secretly carted out over two tons of cash, the equivalent of 33,000,000 yuan, or at the time $4.3 million U.S. dollars. Now, by this point, the
inconsistencies were adding up and despite bringing Ma in,
some of the staff members were starting to notice. It wasn’t long before
police were notified. This was looking bad. But as vault managers, Ren and Ma
were able to use their sway and come up with
temporary excuses which everyone seemed to buy. They insisted, this sort of misplacement
error happens from time to time and that it was no big deal. The money was sure to turn
up sooner rather than later. Of course, this was their
attempt at buying time as they had yet to scratch out
all their lottery tickets. And it was a lot of tickets. 33,000,000 yuan worth –
of piles and piles that would put MrBeast to shame. Over the many weeks, the
two bought and scratched out lottery tickets on an unprecedented scale. Now, this time, shockingly,
the lottery did what lotteries are supposed to. And they lost it all. Unsurprisingly, police because
increasingly suspicious as the inconsistencies persisted. It didn’t fix itself
as they were promised. In desperation, Ren and
Stimpy, I mean, Ren and Ma came up with an ingenious solution, doubling down with heist number three. I mean, it was sure to
work this time, it had to. For the third heist, they
stole a further 18,000,000 yuan $2.3 million U.S. dollars and went and bought even more tickets. Unlike before, they were
now on a serious time crunch and they didn’t have the
luxury of spreading out their activity over many weeks. They purchased all their
tickets in just one single day. And hurriedly scratched
till their fingers bled. If you’re wondering how
the insane amount of ticket purchases were made without raising suspicion, well, that’s because at the time, while
China was transitioning to electronic, cash was still king. Now, at the end of the grueling day, this was their reality. Out of a total of 51,000,000
yuan, $6.7 million U.S. dollars they were only able to recoup a total of 98,000 yuan, $12,700. Yep, they were screwed,
and they finally knew it. On the plus side though,
the city of Handan reported record breaking lottery ticket sales. Must have been some good marketing. On April 16th, the bank finally caught on to the legitimacy of the missing funds, as the vault managers could stall no more. The police immediately
set out to arrest the duo for what was soon
confirmed to be the largest bank heist in Chinese history, but they had already fled the city. They were however, able
to arrest a different duo, the supporting cast of
the two security guards who were none too pleased
with the lack of forewarning given by their associates. Ren and Ma were all
about saving themselves, having days earlier bought
fake IDs before disappearing. This prompted an extensive
nationwide manhunt with China’s public security
ministry placing the two men on their most wanted list. A bounty was placed on their heads. Ma fled north to the capital Beijing. While Ren made his way down
to the Jiangsu province. Their faces were now
plastered all over the news which for Ma, being in a
bustling city like Beijing wasn’t so great. Unsurprisingly, two days later,
he was caught and arrested. Then there was one, the mastermind, Ren, who by now had made his
way southwest by taxi to the coastal city of Lianyungang As China’s most wanted,
traveling 650km all by taxi was probably not the smartest decision, which he eventually
caught on to as he later swapped out the cab for a black Honda which he made sure to have a
sunroof, because, priorities. After purchasing the car
from a dodgy car salesman, he realized he needed to
quickly find a place to lay low. Using his fake ID, he
rented a high-end apartment near the waterfront from his new landlord, which along with his sunroof car, was seriously eating away at his reserves. It seemed, along with math, long-term planning wasn’t his thing. But at least for now, it
was time to kick back, till things died down. (door kicked open) Except it was already
over, because the police knew exactly where he was. It turned out that looking disheveled and
unshaven for days and paying for everything
from a bag full of cash was suspicious behavior, news to him. It wasn’t one person who
notified police, it was three. The taxi driver, the landlord,
and the dodgy car salesman. Indeed, it seemed the dodgy
car salesman had come across far dodgier than himself. Since all three assisted with the capture, they ended up splitting
the 200,000 yuan reward, which for Ren I guess was a fitting end. As just as it all
started with 200,000, it has now ended with 200,000. With everyone captured,
the manhunt was over. The two security guards were charged with misappropriating public funds. And were sentenced to up
to five years in prison. Ren and Ma were charged with embezzlement and in court the prosecution
pushed for the harshest sentence under the law. Ren in particular repented
and tried to offer up advice on how the bank could prevent such theft from happening in the future. But unfortunately, it was all too late. They were given the death penalty. And a year later, they were executed. As for the Agricultural Bank of China, they were embarrassed. They took action by
firing five bank officials for negligence, including the Vice President
of the province branch for essentially allowing three
heists to take place under their watch. It was later revealed,
the bank hadn’t even taken a cash inventory for years and no one had ever
checked the surveillance. So here’s the moral of the story. Don’t make the same mistake as
the Agricultural Bank of China. Secure your system and protect
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