A man who kidnapped and terrorized credit union and bank executives, employees and their families to extort money from their financial institutions could face up to 300 years in prison.

A federal jury in Knoxville, Tenn. last month found Michael Anthony Benanti, formerly of Harmony, Pa., guilty of 23 felony counts of conspiracy to commit robbery and extortion, kidnapping, carjacking and using a firearm to commit crimes.

He is expected to be sentenced in July.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.