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May 13 , 2010

Crimes and Secrets of a Desperate Dad

Why a Wall Street Trader Became the Long Island Bank Robber


A man who seemingly had everything…A Wall Street Commodities and Oil Trader living the good life. But the pressures of it all caught up to him and pushed him over the cliff. He became a bank robber, hitting 10 banks over the period of 4 months in 2004.Crimes and Secrets of a Desperate Dad gives a message of pain, sorrow, and a chance at redemption all told through the words of Stephen Trantel, the Long Island Bank Robber.

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Stephen Trantel served 92 months in the New York State prison system for robbing a string of Long Island banks. He was known as the Long Island Bank Robber and the Bank Robbing Broker. He made a living as a Wall Street commodities clerk and trader (silver, gold and oil) since graduating from college in 1987. However, Stephen suffered a series of setbacks in 2002 and 2003 which resulted in him not being able to earn. Despite trying to get work (he was a hard worker all his life), nothing panned out.

Desperate to keep his wife and two young sons in the lifestyle they were accustomed to in Rockville Centre, New York, Stephen fell down to a place where he thought robbing banks was the only way he would be able to make enough money to do that.

He was arrested on the day after Thanksgiving, 2003, after robbing 10 banks from July through November of that same year. He pled and received a 9 year sentence (a flat bid as it’s called).

His story captured the attention of the media. It was documented by 48 Hours in a 2008 show called Stolen Dreams, a Who the Bleep Did I Marry episode in 2010 and as the debut show for the 2011 season of American Greed called Bank Robbing Broker.

In addition, his story appeared on the NTV network in Japan.

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