Martin N. Racioppi, 52, of Monmouth Beach, pleaded guilty in federal court in Trenton today to robbing the Navesink branch of Investor Saving Bank, U.S. Attorney Craig Carpenito announced.
Racioppi entered the Navesink Investors branch on July 20, 2017 and demanded money from a teller. He fled with approximately $1,600. The FBI arrested him the following day in Eatontown.
This is Racioppi’s third bank robbery conviction. He was released from federal prison on March 26, 2014 for his 2007 conviction in the robbery of a Red Bank Sovereign Bank branch, according the the Federal Bureau of Prisons. He was on parole for a previous bank robbery conviction at the time of the Red Bank robbery, according to RedBankGreen. Read the rest of this entry »Posted: March 20th, 2018 | Author: admin | Filed under: Monmouth County News, New Jersey | Tags: Martin N. Racioppi, Martin Racioppi, Monmouth County News, New Jersey, U.S. Attorney Craig Carpenito | Comments Off on Monmouth Beach Man Pleads Guilty To Bank Robbery