Entries in Banks (2)


FBI Hunting 'Well-Dressed Bandit'

FBI(SAN DIEGO) -- California police and the FBI are on the hunt for a dapper man dubbed the “well-dressed bandit” who has held up banks 10 times in the last year.

The man carries out the robberies while wearing blazers or leather jackets and uses luxury vehicles as a getaway car.

FBI investigators say that the man most recently held up a Chase Bank in San Diego on Friday.

“The suspect approached a teller, simulated a weapon and demanded cash,” the FBI said in a statement. With cash in hand, the man left in either a black Lexus or Mercedes-Benz.  Police believe it’s the third time he has hit that particular bank.

Since May of last year, the FBI believes, the man is responsible for 10 bank robberies in the San Diego area. He is described as a black man in his thirties, over 6 feet and around 220 pounds.

When he covers his face, he uses a black handkerchief. He switches up the hats he wears — sometimes a baseball cap and other times a newsboy cap.

If you have any information, contact the FBI at (858) 565-1255 or Crime Stoppers at (888) 580-8477

Copyright 2011 ABC News Radio


Bernard Madoff Says Banks Had to Know He Was a Crook

Photo Courtesy - Mario Tama/Getty Images(NEW YORK) -- Convicted Ponzi scheme swindler Bernard Madoff says some banks and hedge funds he dealt with had to have known he was up to no good, but chose to look the other way as the former money manager swindled billions from unsuspecting clients.

In his first jailhouse interview since being sent to the federal prison in Butner, North Carolina for 150 years, Madoff contends that unnamed financial institutions showed a “willful blindness” to his crimes and were therefore “complicit.”

According to Madoff, the attitude of banks and hedge funds was “if you’re doing something wrong, we don’t want to know.”

In correspondence with The New York Times, Madoff said he was surprised by the number of people who are now saying they suspected him of wrongdoing before he came clean to authorities in December of 2008.

On other matters, Madoff exonerated New York Mets owner Fred Wilpon and his business partner, Saul Katz, who are being sued by a trustee assigned to recover money for Madoff’s thousands of victims.

While Irving Picard claims that Wilpon and Katz profited from Madoff’s scam, the 72-year-old convict insisted, “They knew nothing.”  Picard is suing the men for $1 billion.

Copyright 2011 ABC News Radio

ABC News Radio