October 1900 - October 23, 1900 (Tuesday)

October 23, 1900 (Tuesday)

• Cornelius L. Alvord, Jr., was revealed to have been the perpetrator of the largest bank robbery, up to that time, in American history. Alvord, a teller at the First National Bank of New York (now part of Citibank) had embezzled more than $700,000 from the bank over a period of six years. By contrast, Butch Cassidy's largest bank robbery, committed the month before, netted less than $33,000. Alvord, one of the great white collar criminals of his day, was arrested six days later in Boston. He served eight years in Sing Sing prison and died on September 10, 1912, in Stockport, New York.