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Originally published Wednesday, February 29, 2012 at 11:06 PM

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Ore. man pleads guilty in faked theft scheme

A Portland man has done more than just plead guilty to conspiring in thefts that netted more than $3 million. Vincent Cabello also directed federal investigators to a Bellevue, Wash., safe deposit box, where they found nearly $2 million.

The Associated Press

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PORTLAND, Ore. —

A Portland man has done more than just plead guilty to conspiring in thefts that netted more than $3 million. Vincent Cabello also directed federal investigators to a Bellevue, Wash., safe deposit box, where they found nearly $2 million.

Federal authorities say the faked hijacking of an armored car in 2005 in Portland netted $3 million.

The Oregonian reports ( http://is.gd/2mBKO0) that Cabello pleaded guilty Wednesday in federal court to two conspiracy counts involving bank larceny and money laundering.

His parents, Archie and Marian Cabello, maintain they are innocent and are set to stand trial in April.

After the younger Cabello sat down with investigators recently, FBI agents searched the safe deposit box on Monday, finding the cash in $100 bills.

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Information from: The Oregonian, http://www.oregonlive.com

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