Exclusive: From Caring Father, to Bank Robber, to Inmate
Keith Giammanco robbed 12 banks, he says, for his daughters.
Aug. 17, 2010 — -- A jury in Missouri has recommended a sentence of 105 years for the man who robbed 12 banks to keep his twin daughters in the comfortable life they'd become used to.
But prosecutors in St. Louis County are recommending that convicted bank robber Keith Giammanco serve 30 years in prison. He and his daughters feel the sentence is excessive because he never brought a gun to any of the robberies and wasn't violent. He says he is deeply sorry for the crimes he committed.
When most criminals commit multiple high-risk felonies, they go on the run or lay low to avoid the cops. Giammanco went home to greet his daughters and do chores.
"After robbing one of those banks, I would maybe go home and cut the grass," he told "Good Morning America." "Or go pick up the girls from school and just jump right into my normal form of life."
Giammanco led an extraordinary double life as a bank robber by day and a devoted father by night -- robbing a dozen banks in a year-long spree before he was finally caught in 2008.
Before he turned to a life of crime, Giammanco led a fairly innocuous life on the outskirts of St. Louis.
"Life was a pretty normal suburban life," he said. "We went to baseball games."
In 2004, Giammanco traded his job at a printing press to buy and sell stocks online. For a while, it afforded his girls Elise and Marissa an education at an exclusive private school, family vacations and nice clothes. But when the financial markets took a dive, Giammanco lost everything.
"I eventually lost our home," he said. "I was in debt to the IRS and the State of Missouri for over $40,000. The girls' school for tuition was calling me constantly."
With only $50 to his name, Giammanco came up with a plan to keep his girls accustomed to the pricey life they were living.
"I saw a news story about a bank robber that got away. I'm thinking: 'OK, there's big chunks of money here,'" he said.
He took the drastic step, he said, "to afford them the lifestyle that ... that they've always had. To send them to the school that I was sending them so they could wear the clothes that they always wore."
So on Nov. 2, 2007, the everyday dad walked into a Missouri bank without a gun.
"My heart was racing. I just waited in line. I had my envelope ready. I had a note in my pocket," he said. The note, he said, simply said "give me the money and no dye packs, and no alarms."
The teller handed over the money and Giammanco walked out $7,000 richer. But that money made a small dent in the $140,000 he said he needed to pay off his debt before he stopped. So he kept robbing banks, 12 in all, over a year.
