*Last robbery at a Placentia bank resulted in a high-speed police chase on a freeway
SANTA ANA - Two third-strikers and an associate dubbed the “Market Duo” Bank Robbers by the Federal Bureau of Investigation (FBI) will be in court today for committing robberies at five Orange County banks. Paul Acosta Jr., 28, Los Angeles, is charged with 12 felony counts of second degree robbery and five counts of second degree commercial burglary. Acosta is also charged with sentencing enhancements for prison priors for a May 2010 and January 2008 felony thefts. Andres Soto Jr., 50, Whittier, is charged with 10 felony counts of second degree robbery and four counts of second degree commercial burglary. Soto is a third striker for a September 1983 residential burglary and a July 1993 bank robbery. Richard Valdez, 52, La Habra, is charged with two felony counts of second degree robbery and one felony count of second degree commercial burglary. Valdez is a third striker for an April 1983 robbery, and a May 2003 assault with deadly weapon. If convicted on all counts, Acosta faces a maximum sentence of 15 to 20 years in state prison and Soto and Valdez face a maximum sentence of life in state prison with the possibility of parole.
The defendants are being held on $1 million bail and Soto is scheduled to be arraigned today, Friday, Jan. 20, 2012, at 3:00 p.m. in Department CJ-1, Central Jail, Santa Ana. Acosta and Valdez are scheduled for pre-trial hearing today, Jan. 20, 2012, at 1:30 p.m. in Department C-55, Central Justice Center, Santa Ana.
Acosta is accused of planning the five robberies at banks and recruiting Soto and Valdez for their expertise.