Monday, September 24, 2012

Recent incident shows that Tennessee bank robbery doesn’t pay

Authorities in Murfreesboro recently released images of an individual they say tried unsuccessfully to rob a local Bank of America branch. The police are investigating an afternoon attempted robbery in the area and believe that the release of the security camera footage will lead to the suspect’s capture. The police report reveals that the bank teller was threatened during the robbery and was asked to hand over $10,000.

The teller told the police officer that a white male wearing a gray hoodie approached her teller station and handed her a folded note. The note said, “Give me $10,000 and NO alarms.” The teller then began looking around to get someone’s attention, but no one noticed. While she was looking the suspect began saying “No. No. No” and, after getting more nervous, grabbed the note and ran from the building.

Turns out before embarking his bank-robbing spree, the man should have stopped to consult with the economists at the Royal Statistical Society and American Statistical Association. The two groups recently published a study on the economics of bank robbery and determined the crime doesn’t pay off in the end.

The researchers looked at the average loot from a bank robbery in the U.K. over a three-year period and found it came to only $31,786. Maybe not terrible, but not much given the risk associated with the crime. The researchers went further; determining that there were on average 1.6 robbers involved in each heist, which meant the total per robber came to only $19,865.

The numbers were even worse for American criminals, with the average robbery netting criminals only $4,330. Going one step further shows just how bad a decision bank robbery actually is. The group says that a full one third of attempted bank robberies failed, often resulting in lengthy prison terms, thus further diminishing any expected payout.

Read:MPD seeking attempted bank robber,” by, published at

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