Chandler PD arrest man suspected of robbing three banks - East Valley Tribune: Chandler

Chandler PD arrest man suspected of robbing three banks

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Posted: Monday, January 14, 2013 4:32 pm | Updated: 4:05 pm, Sat Jan 19, 2013.

Chandler Police arrested a man who allegedly robbed three Chandler banks in the last month, police said.

Michael Schraeder, 25, was arrested following a investigation of robberies at the U.S. Bank at 1159 W. Chandler Boulevard Dec. 29, the U.S. Bank at 2935 E. Riggs Rd. six days later and the Wells Fargo Bank at 10325 E. Riggs Rd. in Sun Lakes Jan. 7.

At all three banks, the suspect allegedly passed a robbery note to the bank teller demanding money, police said.

Schraeder was held on a $45,000 bond, police said. His next court appearance is scheduled for Jan. 17.

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