Grand Jury Returns Indictment Charging Iowa Man with Bank Theft
Rock Island, Ill. – A federal grand jury today returned an indictment charging a Davenport, Iowa man with theft of approximately $87,895 from the automated teller machine (ATM) at the Deere Harvester Credit Union in Moline, Illinois, on March 3, 2009. Travis John Paulsen, 22, of the 2700 block of Jefferson Avenue, was previously charged in a criminal complaint filed on March 13, 2009.
According to the affidavit filed in support of the complaint, Paulsen previously worked for Lewis System of Iowa, which manages the currency in DHCU ATMs. One of Paulsen’s duties with LSI was to stock and maintain ATMs throughout the Quad Cities, including the DHCU ATMs. Paulsen was given access information for various ATMs serviced by LSI, including the DHCU ATM located at 338 6th Street, in Moline, Illinois, according to the affidavit. The affidavit alleges that on March 11, 2009, Paulsen paid cash to purchase a new motorcycle in Bettendorf, Iowa. According to the affidavit, on March 12, 2009, the Bettendorf Police Department stopped a vehicle driven by Paulsen, executed a state search warrant of the vehicle, and recovered a bag containing approximately $49,000 in cash.
Paulsen appeared before U.S. Magistrate Judge Thomas J. Shields on March 16, 2009, and was released on a recognizance bond.
If convicted, the offense of bank theft is punishable by up to 10 years in prison. The indictment also seeks criminal forfeiture of property, including a 2008 Kawasaki motorcycle, and a money judgment in the amount of $87,895.
Members of the public are reminded that an indictment is merely an accusation; the defendant is presumed innocent unless proven guilty.
The charges are the result of an investigation by the Federal Bureau of Investigation, the Moline Police Department, the Bettendorf and Davenport, Iowa Police Departments, and the Illinois State Police. The case is being prosecuted by Assistant U.S. Attorney Michael D. McCoy.
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