Gold thief's rainbow ends with ICE arrest and extradition - Metro US

Gold thief’s rainbow ends with ICE arrest and extradition

The now infamous gold bucket bandit was captured in Ecuador, the NYPD announced on Thursday.

Julio Nivelo, also known as David Vargas, was arrested on Thursday by ICE Homeland Security and local authorities in Ecuador for allegedly stealing a bucket of gold flakes worth $1.6 millionfrom the rear of an armored truck in Midtown Manhattan in September.

RELATED:WATCH: Man steals bucket full of gold flakes worth $1.6M from armored truck in Manhattan

A man authorities believe is Nivelo was caught on video snatching the 5-gallon pail filled with 86 pounds of gold from a truck that was parked on West 48th Street between 5th and 6th avenues.

Last month, police said they believed Nivelo was in Los Angeles. An NYPD spokesman said it was just a matter of following him.

Nivelo awaits extradition, the NYPD said.

Follow Kimberly M. Aquilina on Twitter@KimESTAqui

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