Career criminal Neil McCauley and his crew, Chris Shiherlis, Michael Cheritto and Trejo, hire new recruit Waingro and commit an armored car heist, stealing $1.6 million in bearer bonds belonging to money launderer Roger Van Zant. However, Waingro impulsively kills one of the guards, forcing the robbers to kill the remaining two so as to leave no witnesses. An infuriated McCauley tries to kill Waingro afterwards, but he escapes.