CHANDLER, Ariz. — Authorities say a man suspected of robbing three banks
in the Chandler area since last month is in custody.
Chandler police say 25-year-old Michael Schraeder has been booked into the
Maricopa County Jail on suspicion of robbery and armed robbery.
He’s being held on a $45,000 bond awaiting a court appearance Wednesday.
Police say a U.S. Bank branch in Chandler was robbed Dec. 29 by a man who
passed a note to a teller.
Six days later, another U.S. Bank branch in Chandler by a man using the same
A similar robbery occurred Jan. 7 at a Wells Fargo Bank branch in Sun Lakes.
Police investigators say they developed probable cause against Schraeder in all
Authorities didn’t immediately know Monday whether Schraeder has legal