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What Story is Masterminds Based On?

Published in True Crime Story 2 mins read

The movie Masterminds is based on the true story of the infamous 1997 Loomis Fargo Bank robbery, one of the largest cash heists in U.S. history at the time.

The True Story Behind Masterminds

Masterminds brings to the screen the extraordinary events surrounding a major robbery that took place in October 1997. A small and unlikely group of individuals managed to pull off one of the biggest cash heists in American history, successfully stealing a staggering $17 million from a Loomis Fargo vault in Charlotte, North Carolina. This audacious crime quickly captured national attention due to its scale and the peculiar circumstances surrounding it.

Key Details of the Heist

The real-life event, often referred to as the Loomis Fargo Heist or the Charlotte Armored Car Robbery, involved a team that was anything but sophisticated, leading to a series of comedic and often bumbling missteps, which the movie humorously portrays.

Detail Description
Event Loomis Fargo Bank Robbery
Year 1997
Amount Stolen $17 million
Significance At the time, it was the second largest bank heist in U.S. history by cash value.
Location Loomis Fargo vault, Charlotte, North Carolina
  • The robbery was orchestrated from the inside, involving a Loomis Fargo armored car driver who later became a central figure in the cinematic adaptation.
  • Despite the massive sum stolen, the amateur nature of the criminals led to them quickly drawing suspicion due to their lavish spending and inability to keep a low profile.
  • The aftermath of the heist involved an extensive FBI investigation that ultimately led to the capture and conviction of most of the individuals involved.

The Real-Life Characters

At the heart of the Masterminds narrative is the character inspired by David Ghantt, the real-life Loomis Fargo armored car driver who played a pivotal role in the actual robbery. Ghantt, along with his co-conspirators, initially believed they had pulled off the perfect crime, only to find themselves entangled in a web of betrayal, poor judgment, and humorous misfortune. The movie captures the essence of these real individuals, turning their improbable criminal enterprise into a comedic portrayal of ambition gone awry.

To learn more about the film, you can visit its official page on IMDb.