Investigators: 'Loan Ranger Bandit' confessed to bank robberies, got away with nearly $100,000

Investigators: 'Loan Ranger Bandit' confessed to bank robberies, got away with nearly $100,000

TYLER (KYTX) - Recently filed federal court documents are shedding new light on convicted serial bank robber Richard Swicegood's alleged five-year, multi-state bank robbery spree.

The criminal complaint, filed July 17, reveals that 37-year-old Swicegood allegedly admitted to FBI agents that he robbed more than 20 financial institutions across the country -- eight of those right here in Texas -- from 2009 to July of this year.

According to court records, Swicegood made the confession after his arrest in Arkansas on July 1, hours after investigators say he was caught on surveillance video holding up a Benton, Arkansas, bank at gunpoint -- a bank he's accused of hitting twice before.

Swicegood, who investigators have dubbed the 'Loan Ranger Bandit,' has served time for robbing banks before.

He had allegedly been on the run since being released from prison in 2009, after serving more than six years behind bars for robbing 12 banks in the Dallas-Fort Worth area during 2000 and 2001.

Court documents say Swicegood first owned up to the latest Benton robbery to Arkansas police, telling the trooper who caught him, "You got me."

When the officer asked Swicegood if he was the one who had just robbed the bank in Benton, Swicegood allegedly said, "You know it was me."

Police say when they searched his car, they found a fake firearm and the stolen cash.

Court documents show Swicegood later told federal agents he was responsible for eight bank robberies across Texas during that alleged five-year robbery spree -- even pointing himself out in the surveillance images.

Altra Federal Credit Union and Compass Bank in Tyler were allegedly two of Swicegood's targets, though they aren't among the robberies federal agents say he confessed to.

During that latest robbery spree, investigators say Swicegood got away with nearly $100,000 dollars -- just from those eight Texas banks he admitted to robbing. That, of course, doesn't count any money he may have stolen from any other banks in the state or across the country.

The FBI is still investigating and say more charges are likely.

As of now, Swicegood is charged with 11 counts of aggravated robbery, three counts of theft and one count of unauthorized use of another person's property to facilitate a crime.

He was last being held at the Saline County Jail in Benton, Arkansas, on a $500,000 dollar bond.

He will make his next court appearance in Waco next month.


To find out more about Facebook commenting please read the
Conversation Guidelines and FAQs

Leave a Comment