SANTA CRUZ, Calif. (AP) - A University of California Santa Cruz security guard is in custody for allegedly plotting a large-scale heist using dozens of weapons and 50,000 rounds of ammunition to steal as much as $100,000 from the city's popular Beach Boardwalk on Memorial Day weekend.
Prosecutors say 54-year-old Nicholas Yukich of Live Oak was charged with multiple felonies including conspiracy to commit grand theft and possessing illegal assault weapons in a Santa Clara county courtroom on Wednesday.
Authorities say Yukich was planning to rob carts of cash from the Boardwalk in November, but decided on Memorial Day weekend after receiving inside information about the area's security detail.
Yukich allegedly drew up plans and enlisted accomplices, but authorities say an accomplice notified them about the heist on May 23.
Yukich, who has not entered a plea, is being held in jail on $500,000 bail.
Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.