52 years later, authorities identify fugitive behind one of Ohio's biggest bank heists


It was the teller all along.
The U.S. Marshals Service announced on Friday that it has finally identified the person who walked out of a Society National Bank in Cleveland on July 11, 1969, with a paper bag containing $215,000 — the equivalent of more than $1.7 million today. Theodore John Conrad, who worked as a teller at the bank, has been named as the man behind the heist.
At the time, Conrad was only 20 years old, and he simply walked out of the bank with the money, never to return again. Because the robbery took place on a Friday, no one at the bank realized what had happened until Monday morning, when workers discovered the cash was missing from the vault.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Earlier this month, Marshals determined that in the early 1970s, Conrad moved to Lynnfield, Massachusetts, and changed his name to Thomas Randele. As Randele, he got married, had a child, and worked as a car salesman and golf instructor. In May, he died of lung cancer at age 71. The Marshals came to this conclusion after matching paperwork Conrad filled out in the 1960s with documents Randele completed when filing for bankruptcy in 2014.
A year before the heist, Conrad became obsessed with The Thomas Crown Affair, watching the movie multiple times, and he told friends he thought it would be easy to carry out a similar bank robbery, the Marshals said. In a statement, Marshal Peter J. Elliott said his father was also in the service, and spent years trying to solve the case. He's glad there is finally closure "to this decades-long mystery," adding, "everything in real life doesn't always end like in the movies."
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.
-
September 1 editorial cartoons
Cartoons Monday’s political cartoons include Labor Day picnic, branding strategy, and more
-
What is Tony Blair's plan for Gaza?
Today's Big Question Former PM has reportedly been putting together a post-war strategy 'for the past several months'
-
When does autumn begin?
The Explainer The UK is experiencing a 'false autumn', as climate change shifts seasonal weather patterns
-
New York court tosses Trump's $500M fraud fine
Speed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in Intel
Speed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
-
US to take 15% cut of AI chip sales to China
Speed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
NFL gets ESPN stake in deal with Disney
Speed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
-
Samsung to make Tesla chips in $16.5B deal
Speed Read Tesla has signed a deal to get its next-generation chips from Samsung
-
FCC greenlights $8B Paramount-Skydance merger
Speed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
-
Tesla reports plummeting profits
Speed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits
-
Dollar faces historic slump as stocks hit new high
Speed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year