SALT LAKE CITY, Utah–A ex-teller who returned to his former credit union—this time as a robber—has been sentenced to nine years in federal prison.
Kevin Rasband, who worked as a teller from June 2008-June 2010 at Golden West Credit Union, was sentenced by U.S. District Court Judge Ted Stewart to the term for holding up the Kaysville, Utah, branch of Golden West CU and stealing more than $23,000 from his vault in February 2017, according to 6park News. A month later, he robbed the First Federal Credit Union branch in Farmington, Utah.
In addition, Rasband has been ordered to pay $23,300 in restitution and 36 months of supervised release after his prison sentence.
According to Deputy Federal Public Prosecutor Spencer W. Rice, Rasband worked at the credit union while attending college and earned a bachelor’s degree in accounting and then later a master’s degree in taxation. He appeared to be building a successful career in financial services working as an accounting clerk, later rising to an audit associate position before being hired as an internal auditor for Davis County government, 6park News reported.
“Mr. Rasband’s crimes in this case represent aberrational behavior from an outstanding life filled with educational achievement, steady employment, community service, and commitment to faith and family,” Rice wrote in a sentencing memorandum for Judge Stewart.
Gambling Problem
However, prosecutors said in 2014 Rasband started gambling during a Las Vegas training seminar for his then-employer.
“He remembered the euphoria when he won, and the embarrassment when he lost,” 6park News stated. “Even though he lost around $500, he continued to play which became addictive. From 2015 to 2017 he lost more than $86,000 gambling and lost his job as the county’s internal auditor.”
“Because he was still in a completely addictive mode, Mr. Rasband continued to tell himself that he could recoup all his losses if he got a large amount of money from some source,” Rasband’s attorney said, according to the report. “He convinced himself that he was smarter than the House and that he could solve all his problems and prevent everyone from knowing the truth about him if he could just go back to the casino and win.”
6park News said that’s when Rasband decided to rob the credit union he used to work for, because he knew the routines, the hours, and where the most cash would be available in the vault.
In court documents, Rasband admitted that on Feb. 11, 2017, fully covered in black clothing, he confronted two Goldenwest Credit Union employees as they were opening the Kaysville branch, 6park News reported.
‘Penniless Again’
“After pointing a gun at them, he ordered them to take him to the vault. After it was opened, he also ordered the employees to put money in a bag. He got away with $23,300 and lost it all in the game,” 6park News stated. “Penniless again, on March 29, Rasband also admitted confronting employees at the Farmington branch of First Federal Credit Union just as it was opening its doors.”
According to the report, Rasband, again dressed in black and wielding a gun, ordered employees to open the vault, but they were unable to do so. One of the employees gave Rasband money from his drawer. As he ran away, he shot himself with a pack of dye. He dropped the bag with the money and also dropped the gun, which was loaded, 6park News reported.
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