On July 29, 1973, Led Zeppelin were staying at the Drake Hotel in New York City while on tour. It was around 7:30 p.m. when Zeppelin road manager Richard Cole went to check on a big chunk of cash stashed in their hotel deposit box. To his utter dismay, instead of the $200,000 that had allegedly been stored in the box all that he found were five passports. After an emergency press conference and the commencement of an austere police investigation, the hunt for the culprit was on (per Far Out Magazine).
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Being that Cole was the only one who had access to the box, he became the focal point of the investigation. “He was interrogated and fingerprinted. Cole also said that he had taken and passed a lie detector test. Nevertheless, he remained a primary suspect, as did a bellman.” Author Bob Spitz shared in “Led Zeppelin: The Biography.” Despite the scandal that the press was calling “the largest-ever hotel cash robbery in New York City,” the members of Led Zeppelin were hardly distressed. To them, $200,000 was a mere trifle and would hardly dent their already massive fortune. Nonetheless, the hunt for the crook persisted, according to the New York Post.
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