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Suspect in Chicago bank robberies arrested

Published: Sunday, Jan. 13, 2013 5:30 a.m. CST

CHICAGO – A GPS tracking device sandwiched between stolen cash has led to the arrest of a man suspected in several bank robberies in Chicago.

The Chicago Sun-Times reported a federal magistrate on Friday ordered 67-year-old Sharkey Elam held without bond in connection with the robbery of a First American Bank in Chicago’s Loop. Authorities said Elam was arrested a little more than two miles from the bank.

The federal complaint said Elam is suspected of robbing six banks since Dec. 5, and previously targeted the First American Bank on Dec. 26.

Prosecutors contend Elam returned to the bank Thursday and demanded money from a teller. The teller sandwiched the tracking device between $20 bills.

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