Two who robbed banks statewide plead guilty

Wednesday, May 8, 2013
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— A pair of Utica men pleaded guilty today to committing a string of robberies in which they took thousands of dollars from banks across the state, including the Capital Region, and Massachusetts.

Zachariah Edwards, 21, of Frankfort, and Nicholas Ferrone, 21, of Utica, admitted to robbing seven banks, according to a news release issued today by the U.S. Attorney’s Office.

Ferrone admitted to robbing Alliance Bank of $2,240 in Jan. 3 in Oneida . Edwards then joined him for a robbery spree that would last months.

The following banks were robbed:

Jan. 14: $2,156 from Chase Bank, at 6004 Court St. in Syracuse

Jan. 23: $2,566 from Berkshire Bank, at 2080 Western Ave. in Guilderland

Jan. 28: $4,680.75 from Chase Bank, at 4425 E. Genesee St. in Dewitt

Feb. 13: $1,930 from Trustco Bank, at 2050 Western Ave. in Guilderland

Feb. 25: $3,300 from Bank of America, at 638 Memorial Drive in Chicopee, Mass.

March 1: $3,700 from Key Bank, at 1610 Eastern Parkway in Schenectady

March 4: $3,446 from M&T Bank, 5170 West Taft Road in Syracuse

Authorities say no weapons were displayed, but that the pair told the bank tellers they were armed.

Edwards has been held without bail since his March 8 arrest. Ferrone has also been held without bail since his arrest three days later. They will both remain detained until an Oct. 1 sentencing before Senior U.S. District Judge Frederick Scullin, Jr.

Bank robbery carries a maximum penalty of 20 years in prison and a $250,000 fine on each count.

More than half a dozen agencies helped in the investigation, including the Dewitt Police Department, New York State Police, Guilderland Police Department, Oneida Police Department, Onondaga County Sheriff’s Office, Chicopee Police Department, Schenectady Police Department and the Federal Bureau of Investigation.

The case is being prosecuted by Assistant U.S. Attorney Edward Broton.

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May 8, 2013
2:19 p.m.
safny says...

Do the math: average haul per robbery, $3,002. Grand total: $24018, meaning each guy got 12 grand (forget that one guy did the first alone). Was it worth it? If you get ten years, that's 1200 a year. and the fine could be ten times more than the take. You have to be kidding me.

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