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“Loan Ranger Bandit” Sentenced to 40 Years in Prison

Posted/updated on: March 13, 2015 at 2:33 am
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7037862_GWACO — A federal judge sentenced Richard Wayne Swicegood, 38, aka “Loan Ranger Bandit”, Waxahachie, to 40 years in federal prison for committing 13 armed bank robberies in Texas and Arkansas, including two Tyler banks. In addition to the prison term, Swicegood was ordered to pay $119,815.00 restitution to the financial institutions and be placed on supervised release for a period of five years after completing his prison term. Swicegood pleaded guilty in January to all 13 counts of bank robbery.

He robbed the Altra Federal Credit Union in Tyler on August 31, 2011, stealing approximately $5,290. The BBVA Compass Bank in Tyler, was robbed on May 17, 2012. Swicegood stole approximately $2,750.

On July 1, 2014, the ‘Bandit’ robbed the Summit Bank in Benton, AR. An Arkansas state trooper near Benton initiated a stop on the bank robbery suspect’s vehicle. Swicegood was arrested after the trooper located a fake firearm and the stolen money inside Swicegood’s vehicle.

The case was investigated by the FBI with assistance from the Texas Rangers San Antonio, Temple, Round Rock, Wichita Falls, Tyler, Lampasas, and Salado Police Departments in Texas; Benton, Arkansas Police Department and the Arkansas State Police.



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