Sioux Falls Man Charged with Bank Robbery Appears in Federal Court
United States Attorney Randolph J. Seiler announced that a Sioux Falls, South Dakota, man has been indicted by a federal grand jury for bank robbery.
Cody Maynard, age 27, was indicted on August 16, 2017. He appeared before Veronica L. Duffy on November 8, 2017, and pled not guilty to the Indictment.
The maximum penalty upon conviction is up to 20 years in custody and/or a $250,000 fine, 5 years of supervised release, and $100 to the Federal Crime Victims Fund. Restitution may also be ordered.
The Indictment alleges that Maynard entered the Voyage Federal Credit Union in Sioux Falls, South Dakota, on April 27, 2017, and demanded money from the teller.
The charge is merely an accusation and Maynard is presumed innocent until and unless proven guilty.
The investigation is being conducted by the Federal Bureau of Investigation. Assistant U.S. Attorney Jeremy R. Jehangiri is prosecuting the case.
Maynard was remanded to the custody of the U.S. Marshals Service pending trial. A trial date has not been set.