NEWARK, NJ - A Paterson man faces decades in jail, and a half a million dollar fine, after pleading guilty to robbing two area banks earlier this year.
According to the Acting U.S. Attorney William E. Fitzpatrick, James M. Chestnut, 62, admitted to robbing a TD Bank in Paterson on June 30, 2017, and an Investors Bank in Clifton on July 5, 2017.
In the first incident Chestnut entered the bank and handed the teller a note stating “put 100s and 50s in the envelope. No dye pack.” Less than a week later Chestnut brandished what appeared to be a firearm and told the teller to “open your drawer. Give me you money. All the 100s.” He further threatened to shoot the teller if she called the police.
Chestnut also admitted to attempting to rob a Chase Bank in Saddle Brook on July 3.
Sentencing is scheduled for March 21, 2018.