Suspect in several Chicago bank robberies arrested

January 12, 2013

The Associated Press

A GPS tracking device sandwiched between stolen cash has led to the arrest of a man suspected in several bank robberies in Chicago.

The Chicago Sun-Times reports a federal magistrate on Friday ordered 67-year-old Sharkey Elam held without bond in connection with the robbery of a First American Bank in Chicago's Loop. Authorities say Elam was arrested a little over two miles from the bank.

The federal complaint says Elam is suspected of robbing six banks since Dec. 5, and previously targeted the First American Bank on Dec. 26.

Prosecutors contend Elam returned to the bank Thursday and demanded money from a teller. The teller sandwiched the tracking device between $20 bills.

Authorities say Elam has served prison sentences for bank robbery convictions in 1989, 1993 and 1997.