SAFE DEPOSIT BOXES USED TO STASSH GUNS, DOPE AND CASH

Beverly Hills Store Let Criminals Stash Guns, Drugs And Cash In Vault At Strip Mall, Prosecutors Say

 

LAPPL News Watch

April 5, 2021

 

When federal agents descended on a Beverly Hills strip mall last month, it took them five days to seize the contents of hundreds of safe deposit boxes inside a store called U.S. Private Vaults. 

On Friday, the government revealed why it was so interested in the seemingly mundane business wedged between a nail salon and a spa: It was laundering money for drug dealers and letting them stash guns, fentanyl and stacks of $100 bills in security boxes that were rented anonymously, prosecutors alleged. 

In an indictment against U.S. Private Vaults, Inc., the U.S. attorney for Los Angeles accused the company of marketing itself deliberately to attract criminals, saying it brazenly promoted itself as a place customers could store valuables with confidence that tax authorities would be hard-pressed to learn their identities or what was stored in their locked boxes. 

To access the facility, customers needed no identification; it took just an eye and hand scan to unlock the door. 

“We don’t even want to know your name,” it advertised, according to prosecutors. 

Prosecutors also allege that an owner and employees of the company were involved in drug sales that took place at the business and helped customers convert cash into gold in amounts that would avoid suspicion.