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Grand Jury Charges Man With Two Bank Robberies

November 18, 2009

Peoria, Ill. – A federal grand jury today returned a two-count indictment charging Stephen D. Wacaser, 57, no address available, with bank robbery. The indictment alleges Wacaser committed robberies of Regions Bank, 1355 W. King, Decatur, Illinois, on Oct. 19, and of Illini Bank, 2629 E. Andrew Road, Sherman, on Oct. 20.

Wacaser was arrested and charged in a federal criminal complaint filed on Oct. 27. During a court appearance on Oct. 29, U.S. Magistrate Judge David G. Bernthal, Wacaser waived his right to a detention hearing and was ordered to remain in the custody of the U.S. Marshals Service.

According to the affidavit filed in support of the complaint, at the time of his arrest, Wacaser was on federal mandatory supervised release in the Central District of Illinois for the offenses of bank larceny and bank robbery.

If convicted, each offense of bank robbery carries a statutory penalty of up to 20 years in prison and a fine of up to $250,000.

The investigation was conducted by the Federal Bureau of Investigation, the Decatur and Sherman Police Departments, and the Sangamon County Sheriff’s Department. Assistant U.S. Attorney Colin S. Bruce is prosecuting the case in the Urbana Division of the Central District of Illinois.

Members of the public are reminded that an indictment is merely an accusation; the defendant is presumed innocent unless proven guilty.

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