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More of the world's elderly are staging heists and robbing banks

Rising poverty rates and isolation among the elderly are being blamed in some countries

Published Sun, May 31, 2015 · 09:50 PM

    New York

    BRITISH tabloids were abuzz after a dramatic recent heist in London's Hatton Garden diamond district, as thieves made off with more than £10 million (S$20.6 million) in cash and gems from a heavily secured vault. According to one theory, the gang used a contortionist who slithered into the vault. Others held that a thirtysomething criminal genius known as the "King of Diamonds" had masterminded the caper.

    But when police arrested nine suspects, the most striking thing about the crew wasn't physical dexterity or villainous brilliance. It was age. The youngest suspect in the case is 42, and most are much older, including two men in their mid- seventies. At a preliminary hearing on May 21, a 74-year-old suspect said he couldn't understand a clerk's questions because he was hard of hearing. A second suspect, 59, walked with a pronounced limp.

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