Heroic Losers (2019) Timeline Explained – Every Event in Order

Fermín trusted Alvarado, the bank manager, because he represented the official banking system. When Alvarado summoned him and manipulated him into depositing the money into his personal account, Fermín complied believing the bank had his best interests at hand. This trust was misplaced, Alvarado's action enabled Manzi to later convert a loan to dollars and withdraw all of Fermín's deposited funds, resulting in the loss of the community's seed money.

Foreshadowing: The bank manager's smooth manipulation early in the film hints at his later betrayal when the financial crisis hits.

• Fermín Perlassi
• bank manager Alvarado
• trust
• money transfer
• fraud

Shortly after Fermín deposited the money into his personal account, the Argentine government froze all dollar-denominated accounts nationwide. This crisis gave Fortunato Manzi the opportunity to convert a loan to dollars and withdraw all of Fermín's deposited funds. The combination of the bank manager's manipulation and the sudden currency freeze allowed Manzi to steal the 158,653 dollars that the community had saved for their cooperative.

Foreshadowing: The timeline shows the deposit happened just days before the crisis, making the timing of Alvarado's manipulation particularly sinister.

• 2001 financial crisis
• Argentina
• dollar freeze
• bank account
• theft
• Manzi

After Fermín and Lidia confronted Alvarado about the stolen money, their appeals went nowhere. On the return trip from the bank, their car was deliberately run off the road by a truck. The accident resulted in Lidia's death and left Fermín with serious injuries. This tragedy marks the pivotal turning point that drives Fermín's determination to reclaim their losses one year later.

Foreshadowing: The confrontation at the bank establishes the high personal stakes that make the later heist emotionally charged.

• Lidia
• car accident
• death
• Fermín
• confrontation
• truck

One year after losing their money, Fermín and the group learned that Manzi had buried the dollars in a rural vault. With no legal recourse available and their life savings stolen, desperation drove them to plan an unauthorized operation to crack the vault and reclaim their funds. The plan was fueled by their desire to restart the cooperative and rebuild their community's future.

Foreshadowing: The earlier scene where Manzi converts the loan to dollars establishes him as a calculated antagonist who will stop at nothing to keep what he stole.

• heist
• vault
• Manzi
• revenge
• cooperative
• plan
• desperate

Fermín and Fontana mapped the local power lines and installed a junction box to manipulate the electrical supply. They repeatedly cut and restored power to trigger the alarm multiple times a day, effectively wearing down the system and desensitizing Manzi to the warnings. Eventually, Manzi disconnected the battery to neutralize the alarms during the planned break-in, exactly what the group anticipated. On heist night, Belaúnde and Medina destroyed the local power generator to plunge the entire area into blackout, allowing the team to enter the vault undetected.

Foreshadowing: Earlier, the group watches How to Steal a Million for inspiration, hinting at their creative approach to overcoming security.

• alarm system
• power cut
• vault
• security
• heist
• bypass
• Fontana

After successfully retrieving the money from the vault, Hernán (Carmen Lorgio's son) fled with nearly two million dollars. The timeline indicates he absconded with the majority of the recovered funds, leaving the group with enough to reopen the cooperative but also betraying the community's collective effort. This betrayal creates tension in the aftermath but doesn't prevent the cooperative's reopening.

Foreshadowing: The sudden windfall creates a moral test, while the group wants to use the money for the community, individual greed ultimately prevails for Hernán.

• Hernán
• Carmen Lorgio
• betrayal
• money
• flee
• heist

Florencia, Manzi's secretary, discovered that Rodrigo was not actually a gardener as he had claimed. When she confronted him, Rodrigo confessed their plans to her. Florencia's decision to help was aided by her distrust of Manzi himself, suggesting she had already grown suspicious of his illicit activities. Her role in the aftermath cements her as an ally, and she ultimately marries Rodrigo, becoming part of the community.

Foreshadowing: Florencia's distrust of Manzi builds gradually, making her eventual switch to the group's side feel earned.

• Florencia
• Rodrigo
• Manzi
• secretary
• help
• marriage
• trust

On the night of the heist, Belaúnde and Medina destroyed the local power generator to plunge the entire area into darkness. This blackout prevented the alarm system from functioning and eliminated any possibility of outside help arriving quickly. With the area completely dark, Fermín, Rodrigo, and Hernán were able to break into the vault and retrieve the money while Manzi was unable to respond effectively.

Foreshadowing: The earlier power manipulation scenes establish that the group understood the alarm system depended entirely on electricity.

• power generator
• blackout
• heist
• alarm
• Belaúnde
• Medina

Despite Hernán fleeing with nearly two million dollars, the group still possessed sufficient funds to reopen the agricultural cooperative. They decided to use the windfall to restart the venture, promising a better life for Alsina's residents. The cooperative's reopening marks a tangible, if uneasy, victory for the community, one that fulfills their original goal while acknowledging the moral complexity of how they achieved it.

Foreshadowing: The entire narrative began with the goal of reopening the cooperative, making this resolution both fulfilling and bittersweet.

• cooperative
• money
• community
• reopen
• Alsina
• victory

Manzi had installed an impenetrable alarm device around the vault, but the group's systematic approach neutralized his defenses. When Manzi arrived during the heist, his car got stuck in a mud barricade that Fontana had laid, forcing him to retreat as the group escaped with the cash. The combination of the power outage, the mud barricade, and the group's coordinated effort prevented Manzi from interfering with their escape.

Foreshadowing: Earlier scenes showing Fontana preparing the area hint at this defensive measure against Manzi's potential arrival.

• Manzi
• heist
• security
• alarm
• escape
• Fontana
• mud barricade