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Bandits snatch $1.7 million from boat in Venice

Three armed bandits stole nearly $1.7 million in cash from a canal boat in Venice, Italy, last week in a robbery experts say was like it was pulled from the big screen.

An armored truck had just delivered three cases of money to a courier boat when the armed bandits pulled up in their own boat.

One man held a rifle to a security guard’s head while his accomplice jumped out from under a tarp, opened all three cases and then took the two cases holding bank notes, leaving behind the third case full of coins, according to Italian news agency Ansa.

The money stolen from the courier boat was destined for banks and post offices in Venice to pay the pensions of elderly veterans, according to reports.

Click here for the full report by ABC News.