Two men who burglarized and stole from multiple Waterloo businesses were sentenced on May 30 and May 31, 2017, to several years in federal prison.
John Bennett, age 48, and Cody Laughlin, age 26, both from Waterloo, Iowa, received the prison terms after November 2017 guilty pleas to credit union burglary and credit union larceny.
At his guilty plea, Laughlin admitted that on May 25, 2017, he and Bennett used a vehicle to ram the front doors of a Waterloo credit union. After breaching the doors, Laughlin entered the credit union and with Bennett’s assistance attempted to remove a cash recycling machine containing approximately $85,000. Bennett and Laughlin attached a tow hook to the machine and their vehicle, but the machine was too heavy to tow out. On May 27, 2017, Laughlin and Bennett went to a different credit union and used a forklift to take an ATM containing more than $57,000. At sentencing, both Bennett and Laughlin admitted to a total of five such burglaries involving multiple stolen vehicles. The two disposed of some of the stolen vehicles by dumping them in a nearby river. In one case, police officers found a stolen vehicle on fire. In total, Bennett and Laughlin caused over $217,000 of loss to ten separate victims.
Bennett was sentenced in Cedar Rapids by Chief United States District Court Judge Leonard T. Strand. Bennett was sentenced to 46 months’ imprisonment. He was ordered to make $217,477.33 in restitution to all of the victims. He must also serve a three-year term of supervised release after the prison term. Laughlin was sentenced in Cedar Rapids by Chief United States District Court Judge Leonard T. Strand. Laughlin was sentenced to 30 months’ imprisonment. He was ordered to make $217,477.33 in restitution to all of the victims. He must also serve a three-year term of supervised release after the prison term. There is no parole in the federal system.
Bennett and Laughlin are being held in the United States Marshal’s custody until they can be transported to a federal prison.
The case was prosecuted by Assistant United States Attorney Lisa C. Williams and investigated by the Waterloo Police Department and the Federal Bureau of Investigation.
Court file information at https://ecf.iand.uscourts.gov/cgi-bin/login.pl.
The case file number is 17-CR-2062.