The Herald Bulletin

Morning Update

Local News

November 12, 2013

Alleged bank robber to stand trial on drug charges

ANDERSON — A suspect in an Oct. 28 bank robbery also faces charges from 2012 of dealing cocaine and is scheduled to go on trial next week.

Gerald L. Reed, 23, of Anderson, faces three charges of dealing cocaine and will stand trial Tuesday in Madison Circuit Court 4.

The drug charges stem from three separate incidents in 2012, when Reed allegedly sold cocaine for money to a confidential informant of the Madison County Drug Task Force. According to the probable cause affidavit of the case, Reed sold to the informant on Dec. 5, 6 and 19 of 2012, for $350 each time.

Reed is also a co-defendant in a two-man armed robbery Oct. 28 in Anderson. According to police reports of that incident, Reed and Edwin Le’Anthony (Lee) Ricard, 19, of Anderson, are suspected of carrying out the crime that morning at First Merchants Bank, 2825 Nichol Ave.

Latorya A. Rayford, 32, of Anderson, was also arrested the night of the robbery. She faces charges of false informing and assisting a criminal.

According to a probable cause affidavit of the robbery, two masked men walked into the bank and fled with an undisclosed amount of cash after a bank employee was struck in the head with a gun. The teller was treated for minor injuries.

The bandits escaped in a white Ford Taurus that Reed allegedly had borrowed from a friend. Minutes after the robbery, a witness reported to police that two men had abandoned a white Taurus in the 2200 block of West 12th Street and left the area in a four-door black-and-blue Ford Taurus.

According to a release from APD after the robbery, eyewitness accounts enabled detectives to identify both Reed and Ricard as suspects in the holdup. Most of the money stolen during the robbery is believed to have been recovered during the investigation.

Police tracked Reed to a home in the 2700 block of West 18th Street and arrested him. Police also found the black-and-blue Taurus, belonging to Rayford, in the driveway of the home. According to the affidavit, officers found an envelope with $300 in Rayford’s possession, and the glove compartment of her car contained about half the money taken from the bank, several thousand dollars.

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