11 December 1978: Lufthansa heist nets $6m

The Mafia carried out the Lufthansa heist at New York's JFK airport, on this day in 1978, later inspiring the Martin Scorsese film “Goodfellas”.

The Mafia has been active in America since the 19th century. It reached the peak of its power in the 1950s, 1960s and 1970s, with particular influence in construction, sanitation and transport – all tough manual jobs where the ability of workers to disrupt production was high. At the same time, booming global trade and tourism saw large amounts of money and valuables start to flow through airports, making them tempting targets.

Try 6 free issues of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up for MoneyWeek’s free twice-daily newsletter.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Sign up
Latest Videos FromMoneyWeek
Dr Matthew Partridge
MoneyWeek Shares editor