In addition to the prison term, United States District Judge Lee Yeakel ordered that Reed pay restitution totaling $32,430 and be placed under supervised release for a period of three years after completing his prison term.
On February 5, 2014, Reed pleaded guilty to five counts of bank robbery, one count of violating the Hobbs Act (robbery that affects interstate commerce) and the firearm charge. According to court records, Reed admitted that he committed the following robberies:
- February 28, 2013—Randalls grocery store (2000 block of West Ben White Blvd. in Austin)—$3,000
- March 25, 2013—Pioneer Bank (100 block of Wonder World Dr. in San Marcos)—$8,312
- May 3, 2013—Prosperity Bank (12000 block of Research Blvd. in Austin)—$2,200
- May 21, 2013—Northstar Bank (1500 block of West 35th St. in Austin)—$3,552
- July 3, 2013—Broadway Bank (13400 block of U.S. Hwy 281 in San Antonio)—$1,500
- July 26, 2013—Benchmark Bank (1500 block of West 35th St. in Austin)—$13,866
This case was investigated by agents with the Federal Bureau of Investigation and the police departments from Austin, San Marcos, and San Antonio. Assistant United States Attorney Matthew B. Devlin prosecuted this case on behalf of the government.
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