Coffee cart buyer faces bank theft charge

Posted: Friday, August 22, 2003

ANCHORAGE (AP) A man used money he stole from a bank to buy a coffee cart for the atrium of the Anchorage Daily News, federal authorities said.

Benjaman C. Cottle was indicted this week on one charge of bank theft.

According to an FBI affidavit, Cottle was investigated in June for stealing about $50,000 from First National Bank Alaska while working as a custodian for Loomis Fargo, an armored-car company.

Money was missing from Loomis on two occasions, and FBI agents said Cottle was the only person with access to the money both times.

The FBI said Cottle used some of the money to buy the coffee cart in April.

U.S. marshals seized the business in June and have operated it ever since. U.S. Marshal Randy Johnson said marshals usually take over businesses before charges have been filed to prevent property from being sold.

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