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Deputies: Columbia man caught while washing cash from bank robbery

Michael Adam Schaefer Michael Adam Schaefer
COLUMBIA, SC (WIS) -

A Columbia man was arrested Thursday by deputies after he was caught trying to wash the dye off cash stolen during a bank robbery, according to Richland County Sheriff's investigators.

A man was arrested Thursday by Richland County deputies who found him while he was trying to wash the dye off cash stolen during a bank robbery on Parklane Road, according to Richland County Sheriff's investigators.

Deputies arrested Michael Adam Schaefer and charged him for a bank robbery on Parklane Road and two other robberies at a Waffle House and a Simba Express.

Investigators say a series of tips lead them to Schaefer and Alexis Janee Gillespie, who has been charged with accessory after the fact.

Gillespie was arrested after deputies saw her driving a 2008 Mitsubishi Eclipse that investigators say was involved with the bank robbery. Deputies also found cash stolen from the bank inside the car.

Investigators located Schaefer an hour later inside a hotel room on Airport Boulevard where he was trying to clean the cash.

Officials have recovered most of the money from robberies as well as the gun allegedly used in all three incidents.

Schaefer remains in custody at the Alvin S. Glenn Detention Center awaiting a bond hearing.

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