Bank Robbery Mastermind Admits to 17 Crimes
BUFFALO, N.Y. – In a shocking turn of events, Duane Loyd, 47, of Buffalo, NY, pleaded guilty to bank robbery and brandishing a firearm on January 25, 2019, before U.S. District Judge Richard J. Arcara.
The charges against Loyd carry a mandatory minimum penalty of seven years in prison, a maximum penalty of life, and a $250,000 fine.
Loyd’s crimes began on November 22, 2015, when he and his son, Brandon, started a string of robberies at local stores. The duo committed 16 robberies prior to the bank robbery, stealing a total of approximately $4,500.
On December 7, 2015, the father-son duo robbed the Key Bank located at 4248 Delaware Avenue in the Town of Tonawanda. Brandon Loyd, 19 at the time, pointed a 9mm pistol at the tellers and several bank customers before fleeing with money in his father’s waiting vehicle.
Officers from the City of Tonawanda and the Town of Tonawanda Police Departments pursued the fleeing vehicle and tackled the defendant and his son after they crashed the rental car. Officers recovered the loaded firearm and the money stolen from the bank.
Duane Loyd’s plea is the result of an investigation by the Federal Bureau of Investigation, Safe Streets Task Force, under the direction of Special Agent-in-Charge Gary Loeffert; the Town of Tonawanda Police Department, under the direction of Jerome C. Uschold, III; and several other law enforcement agencies.
Brandon Loyd was previously convicted and is scheduled to be sentenced on November 8, 2018, at 12:30 p.m. before Judge Arcara.
Key Facts
- State: New York
- Category: Violent Crime
- Source: DOJ Press Release â†â€â€
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