The sentencing of a former Oklahoma bank robber who stole more than $1 million from a retiree’s 401(k) account has drawn widespread criticism and an outpouring of support for his victims.
The judge, however, took a softer tone than his colleagues, calling the man a “loser” who stole from a “very well-meaning” retirement fund.
The sentencing was the first time the judge has considered the crime as a crime, but it comes after the case drew national attention and led to a national debate about whether banks are allowed to take advantage of their employees’ retirement accounts.
The federal judge who heard the case was Richard G. Jones.
The judge ordered Jones to serve a prison term of more than two years, but he could choose to sentence him to less time and less time served.
The maximum sentence in the case is 10 years.
Judge Jones also ordered that Jones pay $3,000 in restitution.
The money is to go to the victims.