Louisville Man Indicted for Bank Robbery

Timothy M. Morrison, United States Attorney for the Southern District of Indiana, announced that JOHN LEE STEPHENS, 44, Louisville, Kentucky, was indicted by a federal grand jury sitting in Indianapolis for one count of armed bank robbery and one count of brandishing a firearm during a crime of violence, following an investigation by the Federal Bureau of Investigation, Floyd County Sheriff’s Department, New Albany Police Department, Louisville Metropolitan Police Department, and Indiana State Police.

The indictment alleges that on March 25, 2009, while brandishing a firearm, STEPHENS robbed Your Community Bank, located at 701 Highlander Point Drive, Floyds Knobs, Indiana.

According to Assistant U. S. Attorney James M. Warden, who is prosecuting the case for the government, STEPHENS faces a maximum possible prison sentence of 25 years and a maximum possible fine of $250,000 for the armed bank robbery and not less than 7 years consecutive to the bank robbery for the count of brandishing a firearm. An initial hearing will be scheduled for before a U.S. Magistrate Judge in New Albany, Indiana.

The indictment is an allegation only, and the defendant is presumed innocent unless and until proven guilty at trial or by guilty plea.

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