Elizabeth Man Charged With Rahway Bank Robbery

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NEWARK – An Elizabeth man appeared Thursday afternoon before United States Magistrate Judge Claire C. Cecchi on the charge of robbing a TD Bank in Rahway, U.S. Attorney Paul J. Fishman announced.

Israel Cosme, 28, was arrested Tuesday by agents of the Federal Bureau of Investigation. He was detained following yesterday afternoon’s proceeding, according to authorities.

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According to documents filed and statements made in federal court: The Rahway TD Bank Cosme allegedly robbed on May 4, was the third bank Cosme hit in the past two weeks. The defendant is also alleged to have robbed a TD Bank in Union and a Chase Bank in Roselle– both on April 28.

Cosme allegedly used written notes to threaten the tellers at all three banks into giving him a total of approximately $7,000. Prior to his arrest, Cosme was on supervised release following a prison term he served after pleading guilty in 2005 to the armed holdup of a Woodbridge bank. During his 2005 guilty plea proceeding, Cosme also admitted to robbing a bank in Rahway – the same bank he allegedly robbed last week.

If convicted of the charge in the complaint, Cosme faces a maximum potential penalty 20 years in prison and a maximum fine of $250,000.

Fishman credited the FBI, along with the Township of Union Police Department, Borough of Roselle Police Department, Rahway Police Department, and the U.S. Probation Office – District of New Jersey for the work leading to the identification and apprehension of the defendant.


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