United States Attorney Benjamin B. Wagner has announced that David Griffith Osborne, 74, also known as "Fedora Bandit," formerly of Carson City, Nevada, pled guilty to three counts of armed bank robbery on Friday, January 11, 2013, in the Eastern District of California before U.S. District Court Judge Garland E. Burrell.
The case is the product of an investigation by the FBI with the assistance from police departments in Grass Valley, South Lake Tahoe, Gridley and Paradise; the Sheriff's Offices in Placer and Sacramento Counties; and the Carson City Sheriff's Office. It was the collaborative effort and cooperation of the agencies involved in the investigation that ultimately led to Osborne's identification and the filing of Federal charges. Assistant U.S. Attorney Michelle Rodriguez is prosecuting the case.
Osborne pled guilty to robbing the Gridley Bank of the West, the American River Bank in Rancho Cordova and the Chase Bank in Paradise.
Osborne also admitted that he robbed the Bank of the West in Grass Valley in 2009; the Bank of the West in South Lake Tahoe in 2010; the Bank of the West in Kings Beach in 2010 and the Bank of the West in Grass Valley, a second time in 2010. Osborne will be required to pay restitution for all seven robberies.
In each of his seven robberies, Osborne executed a similar method of robbing the bank, including wearing a hat, sunglasses, fake mustache and goatee, and, while brandishing a firearm, making a verbal demand for money from the victim tellers. Osborne was caught on surveillance images as the individual who committed the armed bank robberies. After the June 29, 2010 robbery of the Chase Bank in Paradise, Osborne's DNA was recovered from an abandoned bicycle he used as a getaway vehicle. Law enforcement personnel matched the recovered DNA to Osborne. FBA agents later confronted Osborne about the armed robberies, and after waiving Miranda rights, Osborne confessed to the seven armed robberies and he further confessed to committing an eighth armed bank robbery in the state of Nevada, namely the Bank of the West located in Carson City, NV.
After entering his guilty plea, Osborne was remanded into Federal custody. Osborne is facing up to 25 years in Federal prison for each of the three armed bank robberies. In addition, Osborne will be required to serve a term of supervised release of up to five years after completion of any term of incarceration. Osborne's actual sentence, however, will be determined at the discretion of the court after consideration of the Federal Sentencing Guidelines, which take into account a number of variables and any applicable statutory sentencing factors. Osborne's plea agreement calls for a sentence of 121 months. Osborne is scheduled to be sentenced in this case on March 29, 2013 at 9 a.m. by U.S. District Court Judge Burrell.