Credit Union Robbery Suspect Arrested

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A Colorado Springs man could face up to 20 years in federal prison and a quarter-million-dollar fine if convicted of holding up two credit unions during a ten-week period.

U-S Attorney's office spokesman Jeff Dorschner says authorities arrested 64-year-old Leonard Joshua McGraw at his home Wednesday.

He appeared in court Thursday for advisement of the charges.

McGraw is accused of placing a device on a counter inside the Fitters Local 58 Credit Union July 22nd, claiming it was a bomb. He allegedly used the same line in late September at the Pentagon Federal Credit Union.

Officials say McGraw took more than $49,000 dollars from the Colorado Springs facilities.

He's being held without bond pending a court appearance next week.