Carl Gugasian


Carl Gugasian is an American prisoner who served a 17-year sentence for robbery, known as "The Friday Night Bank Robber". He is perhaps the most prolific of such criminals in US history, having robbed more than 50 banks over a 30-year period for a total of more than $2 million.

Early life

Gugasian was born October 12, 1947 in Broomall, Pennsylvania. At the age of 15, he was shot while attempting to rob a candy store and was sent to the State Youth Facility in Camp Hill, Pennsylvania for eighteen months. On his release in 1964, he did not attempt to live a normal life; rather, he took deliberate steps to continue with a life of crime and to excel in it. This decision was, in all likelihood, the result of a misunderstanding. FBI agent Ray Carr remarks, "He didn’t know that juvenile records get expunged. He thought he’d never be able to get a real job." However, he did enjoy the art of ballroom dancing and even did it a few times a week.
In 1971, he was studying for a Bachelor's degree in electrical engineering at Villanova University when he enrolled in the Reserve Officers' Training Corps. Following graduation, he served in the US Army at Fort Bragg and received special-forces and tactical weapons training. He later returned to college, earning a Master's degree in systems analysis from the University of Pennsylvania, followed by doctoral work in statistics and probability at Pennsylvania State University. After graduation, he began to plan out mock robberies; he planned eight bank robberies in detail, but hesitated until eventually committing his first in North Carolina in 1973, using a stolen car as his getaway.

Bank robberies

Gugasian's robberies were meticulously planned and executed. Using topographical and street maps, he selected small town banks which were next to wooded areas by nearby highway on-ramps. He would observe the target from the woods for several days to glean insight on employee behavior, waiting to strike in autumn or winter for earlier darkness. He would then create a cache to stash the money and his equipment immediately following the robbery.
He carried out the robberies on Friday nights just before closing time, believing this minimized the number of customers present and maximized the cash on hand. Characteristically he wore a frightening face mask, making sure it fit snugly to hide the color of his skin, and wore bulky clothes to hide his build. Entering the bank carrying a pistol, he moved in a "crab-like" manner to confuse estimates of his height. He would vault the counter in a standing jump, landing with a frightening crash, then stuff his bag with money and leave quickly, usually after less than two minutes in all.
Wearing a scent block to disguise his trail, he would run into woods, stash the evidence in his cache, then ride a dirt bike through the woods to a plain panel van on the other side, where he would load the bike into the van and get immediately onto the freeway.
On one occasion a startled bank manager leaned toward Gugasian, who shot him in the abdomen.

Capture and incarceration

Gugasian had hidden the plans and equipment for his robberies sealed in PVC pipes hidden in a concrete drainage pipe; these were found by two boys playing in the woods in Radnor, Pennsylvania. From this material police constructed a more accurate profile which led to Gugasian's arrest in 2002.
Gugasian's extensive cooperation after his arrest resulted in his initial 115-year sentence being reduced to seventeen years. In prison he taught mathematics to other inmates. He was released on May 5, 2017 at age 69 years old.