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Alton Harvey, 42, of Hillside, was arrested on Wednesday after police traced a white van that was captured on surveillance video pulling up to the bag of cash that the ATM employees forgot outside a business in Mahwah, in northern New Jersey, on Monday.
The video showed a passenger in the van grabbing the bag.
Police said the van was seen in another video pulling into a nearby auto repair business and pilfering used tires.
After finding the van in Irvington, police arrested Harvey.
Harvey said he was driving the van and told detectives that a Chevrolet Tahoe was purchased with cash from the bag soon after it was grabbed, Police Chief James Batelli said in a news release.
The SUV, which has a starting sticker price of $46,000, was parked near the van.
Detectives identified the passenger as Jamar Bludson, 35, of Newark. Police issued a warrant for Bludson, who also is wanted for a probation violation, Batelli said.
Harvey was held on $125,000 bail, charged with theft of mislaid property. It was not known if he has a lawyer who can comment on the charge.
Investigators determined the ATM workers were not involved in the theft, the chief said.
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