No Quarter: Aussie gang pinched for stealing over $550,000... from parking meters



Ever since the advent of the parking meter, there have been hoods cracking them open and stealing the coins inside. Historically, we're talking about nickels and dimes here, but while those can add up, this is a different ballgame altogether. A gang of criminals in Queensland, Australia, has been arrested for stealing a whopping $800,000 (in Australian dollars, or about $550k in American greenbacks) from local parking meters.

How'd they do it? Details aren't being disclosed while the investigation is still under way, other than to say that the elongated heist lasted for more than two years. The scheme apparently began in January 2007 and ended just last month, siphoning about $8 (again, about $5.50 USD) from some 1,900 parking meters every week. Local officials say they knew something was fishy when a new initiative that saw increased parking meter revenues eventually starting petering out, but the officials are themselves not suspected of involvement in the crime.

[Source: The Sydney Morning Herald | Image: Jack Esten/Getty]

Related From Autoblog

Reader Comments (Page 1 of 1)








Autoblog Podcast #157: Mike Levine trucks along with us.

Mike Levine from PickupTrucks.com joins Chris, Sam, and Dan this week and gets a chance to talk about cars, too! 

 
 

Subscribe via: iTunes | RSS


Featured Galleries

  • Spy Shots: 2011 Lincoln MKX
  • Spy Shots: 2011 Ford Edge
  • MINI Beachcomber concept
  • Gold Mercedes-Benz SLS for Dubai Motor Show
  • 2011 Mercedes-Benz E-Class Cabriolet
  • 2011 Audi A1 Graffiti Teasers
  • Reader Spy: SRT-prepped Dodge Journey R/T
  • 2011 BMW Z4 sDrive35is
  • Ferrari P540 Superfast Aperta
  • 2010 Dodge Viper ACR-X
  • First Drive: 2010 Lexus GX460
  • Hennessey Performance Venom GT in the shop
AOL Autos

Find Your Next Car

Autoblog Video


Autoblog Green

BloggingStocks

Download Squad

Engadget

Joystiq

Autoblog Spanish

Switched.com

FanHouse

Asylum