Albuquerque Man Pleads Guilty to Federal Bank Robbery Charge

ALBUQUERQUE – Randy K. Lovett, 34, of Albuquerque, N.M., pled guilty today in federal court to a bank robbery charge under a plea agreement with the U.S. Attorney’s Office.

Lovett was arrested in April 2017, on a criminal complaint charging him with robbing the Bank of America located at 7644 Jefferson St. NE, in Albuquerque, on April 19, 2017. According to the complaint, Lovett robbed the Bank of America by handing a bank teller a note in which he claimed to have a gun, demanded money, and informed the teller she had 30 seconds to comply. Lovett subsequently was indicted on May 9, 2017, on a bank robbery charge.

During today’s proceedings, Lovett pled guilty to the indictment. In his plea agreement, Lovett admitted presenting a demand note to a bank teller with a message that was intended to intimidate and threaten the teller into complying with his demand. The note stated that Lovett was armed and demanded cash in denominations of $50 and $100 bills.

At sentencing, Lovett faces a maximum penalty of 20 years in federal prison. Lovett remains in custody pending a sentencing hearing, which has yet to be scheduled.

This case was investigated by the Albuquerque office of the FBI and the Albuquerque Police Department. Assistant U.S. Attorney Howard Thomas is prosecuting the case.