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Thousands Of Dollars Go Flying In Brazen Robbery In Bronx

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A bold and brazen robbery that happened in broad daylight was caught on camera in Bronx.

Watch in this exclusive video as the man at the top of the screen crosses the street.

Cops say in his hand is a bag with $48,000 cash.

And then out of nowhere, a masked man in a hoodie goes right for the money.

But he trips as he is trying to get away, and all that cash splatters onto the sidewalk.

"I saw the money, we saw the money flying, and I was like, what's going on here you know?" said Mary Potenzo, a witness.

Watch then as the victim fights back, smashing the suspects head repeatedly on the concrete.

The two then take swings at each other.

Then, a second masked suspect runs up and snatches the bag with the cash.

Cops say the pair, got away with $21,500.

"Everything just happened so fast you know," a business owner said.

The business owners here heard the commotion, rushed outside, saw the victim on the ground.

As you can see in the video, they helped him gather his money.

It happened right in front of Pardeep Deol's store in Pelham Bay.

"All I see is money on the floor. The poor guy is just trying to protect his money," Deol said. "He was in shock."

Police say the victim is a 27-year-old business owner who just withdrew the money from the Capital One Bank across the street on Buhre Avenue around 12:45 p.m.

The question is, was this victim targeted?

And how did his assailants know when to strike?

Anyone with information related to this incident is asked to call the NYPD's Crime Stoppers hotline at 1-800-577-TIPS (8477) or for Spanish, 1-888-57-PISTA (74782). The public can also submit their tips by logging onto the Crime Stoppers' website or by texting their tips to 274637 (CRIMES) then enter TIP577.

All tips will be kept confidential.


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Peter Treadway, PhD

is an independent consultant and money manager and Adjunct Professor in Asia. He is currently is principal of Historical Analytics, LLC. Historical Analytics is a consulting/investment management firm dedicated to global portfolio management. Its investment approach is based on Dr. Treadway’s combined top-down and bottom-up Wall Street experience as economist, strategist and securities analyst. A monthly letter entitled The Dismal Optimist is produced for clients. Dr. Treadway also serves in a part time capacity as Chief Economist, C T RISKS, a new Hong Kong company that will assist Asian financial institutions with their risk management problems. On the educational front, Dr. Treadway has developed a special Masters level course focusing on securities analysis and discounted cash flow and incorporating elements of standard equilibrium pricing models, behavioral finance and historical trends. This course has been given as Adjunct Professor at the Shanghai University of Finance and Economics (SUFE) and the City University of Hong Kong. From 1965-2000 Dr. Treadway had a distinguished career on Wall Street and with major American financial institutions. For example, from 1978-1981 he served as Chief Economist at Fannie Mae. From 1985-1998 he served as institutional equity analyst and Managing Director at Smith Barney following savings and loans and government sponsored entities(GSEs). He was ranked as “all star” analyst eleven times by Institutional Investor Magazine. Dr. Treadway holds a PhD in economics from the University of North Carolina at Chapel Hill, an MBA from New York University and a BA in English from Fordham University in Bronx, New York.