Bank of England Finally Closes Underwear Robbery Case That Spawned Diane Keaton Movie

A real life money laundering scheme.

Bank of England Governor Mark Carney delivers his re-scheduled speech to the Bankers and Merchants of the City of London, during a breakfast event at The Mansion House in London on June 20, 2017. Carney and Britain's Chancellor of the Exchequer Philip Hammond were due to speak at the annual Lord Mayor's Dinner to the Bankers and Merchants of the City of London on June 15, but postponed the speeches following the Grenfell Tower block fire in west London, in which seventy-nine people are dead or missing and presumed dead. / AFP PHOTO / Paul ELLIS (Photo credit should read PAUL ELLIS/AFP/Getty Images)
Bank of England Governor Mark Carney speaks to bankers and merchants in London’s financial center. Paul Ellis/AFP/Getty Images

A 26-year-old British bank robbery case that spawned two trials and two movies has finally come to an end.

The Bank of England’s Court of Directors has agreed to “draw a line” under a 1992 case in which BOE employees stole 600,000 pounds ($800,000) from an incinerator plant.

Four BOE employees and their spouses switched padlocks on plant doors to gain access to the cages filled with rejected banknotes.

In the real life money laundering scheme, ringleader Christine Gibson stole bills from the building by hiding them in her bra and underwear. She claimed the robbery was akin to “recycling” because she was saving disposed money.

The Gibsons vacationed in America, the Bahamas and the Far East thanks to their newfound fortune. They also bought two cars, two motorcycles and a horse.

Their crime came to light after Gibson’s husband attempted to deposit 100,000 pounds’ worth of 20 and 50-pound notes at a local bank.

The case became immediate tabloid fodder, with British media calling the couple “ingenious.”

All but one of the culprits escaped criminal prosecution because witnesses refused to talk to the police. But the group was ordered to pay back 500,000 pounds’ worth of dough in a 1994 civil suit.

“The defendants say that unless I can make specific findings that such-and-such was stolen by so-and-so on a particular date on such a sum, I am not in a position to make any findings against the defendants at all,” Judge Norman Rudd said in his ruling. “I reject that submission. For the purposes of liability, I have to be satisfied only, in my view, that the defendant employees stole money from the bank.”

It’s not clear why the case was still open so many years later, but luckily the security-conscious bank is shutting the door on a case that should’ve been closed a long time ago.

The story has stayed in the public consciousness for decades thanks to popular culture, however. It inspired both the 2001 British TV movie Hot Money and the 2008 film Mad Money starring Keaton, Katie Holmes and Queen Latifah.

And given this news, a third film is surely in development. Mad Money: Drawing the Line, anyone?

Bank of England Finally Closes Underwear Robbery Case That Spawned Diane Keaton Movie