Eric Dodd, the "Portfolio Bandit," Indicted for 11 Metro Denver Bank Robberies

May 20, 2010 - DENVER—Eric Dodd, age 38, of unincorporated Adams County, was indicted by a federal grand jury late Tuesday on 11 counts of bank robbery, U.S. Attorney David Gaouette and FBI Special Agent in Charge James Davis announced. Dodd, also known as the “Portfolio Bandit,” was arrested without incident by an FBI SWAT Team on May 13, 2010. Dodd first appeared in court on May 14, 2010, for an initial appearance, where he was advised of the charges pending against him. He then appeared in court yesterday, Wednesday, May 19, 2010, for a preliminary hearing and detention hearing. Dodd waived his right to a preliminary hearing. A U.S. Magistrate Judge then ordered Dodd detained without bond pending a resolution of his case. Dodd is scheduled to be in court next on May 27, 2010, for arraignment on the indictment.

Dodd was apprehended by the FBI’s Rocky Mountain Safe Streets Task Force thanks to media coverage of the bank robberies, which led to law enforcement receiving two tips about his whereabouts. FBI agents and SWAT members descended on Dodd’s apartment in unincorporated Adams County. He was arrested without incident.

According to the indictment, on eleven different occasions Dodd did knowingly, by force and violence, and by intimidation, take and attempt to take money from FDIC insured banks.

Specifically:

Count 1: August 27, 2009 robbery of U.S. Bank, located at 10520 North Melody Drive, Northglenn, Colorado

Count 2: October 2, 2009 robbery of U.S. Bank, located at 1100 South Broadway, Denver, Colorado

Count 3: November 5, 2009 attempted robbery of Wells Fargo Bank West, located at 5050 South Federal Boulevard, Englewood, Colorado

Count 4: November 5, 2009 robbery of Wachovia Bank, located at 2807 South Colorado Boulevard, Denver, Colorado

Count 5: November 24, 2009 robbery of U.S. Bank, located at 9376 South University Boulevard, Highlands Ranch, Colorado

Count 6: December 4, 2009 robbery of Bank of the West, located at 8184 South Kipling Parkway, Littleton, Colorado

Count 7: December 18, 2009 robbery of U.S. Bank, located at 7350 Park Meadows Drive, Lone Tree, Colorado

Count 8: December 30, 2009 robbery of U.S. Bank, located at 9303 South Broadway, Littleton, Colorado

Count 9: January 21, 2010 robbery of Bank of the West, located at 11451 South Twenty Mile Road, Parker, Colorado

Count 10: February 3, 2010 robbery of U.S. Bank, located at 7560 South Pierce Street, Littleton, Colorado

Count 11: May 8, 2010 robbery of U.S. Bank, located at 3454 West 72nd Avenue, Westminster, Colorado

“The arrest of Dodd as the “Portfolio Bandit” was the result of continued hard work on the part of the FBI Rocky Mountain Safe Streets Task Force and our local law enforcement partners,” said FBI Special Agent in Charge James H. Davis. “Key factors in this case were citizens of our community who saw photographs of Dodd in the news media and called the FBI and Crime Stoppers with information. The cooperation of citizens and law enforcement is truly the most effective tool in keeping our communities safe from violent crime.”

If convicted, Dodd faces not more than 20 years in federal prison, and up to a $250,000 fine, per count, plus restitution.

This case was investigated by the FBI Rocky Mountain Safe Street Task Force, including the FBI, the Lakewood Police Department, the Aurora Police Department, the Jefferson County Sheriff’s Office, the Federal Protective Service, the Denver Police Department, and the Colorado State Patrol.

Dodd is being prosecuted by Assistant U.S. Attorney David Conner.

The charges contained in the indictment are allegations, and the defendant is presumed innocent unless and until proven guilty.