WFOT

The Colorado Bank Robbery That Ended With a Reported ‘Merry Christmas’

A 2019 Colorado Springs robbery became an unusual holiday headline after a witness described a suspect scattering cash outside.

Supplied illustration of a white-bearded man scattering banknotes on a street
Image supplied in WFOT.pdf; original authorship and authenticity unverified. Used to illustrate the account, not as authenticated event evidence.

A Colorado bank robbery became an unlikely Christmas headline in 2019 when a witness said the suspect scattered cash outside and offered a holiday greeting. The robbery and arrest were reported at the time; the unusual street scene came from an eyewitness account.

The incident happened on December 23, 2019, in downtown Colorado Springs. David Wayne Oliver, then 65, was identified as the suspect. The Star’s contemporary report said he entered an Academy Bank branch, claimed he was armed and demanded money.

What the witness described

The detail that traveled around the world was what reportedly happened afterward. A witness told local television station KKTV that the man tossed money into the street and shouted a Christmas greeting. That account supplied the strange contrast at the center of the story: an alleged robbery followed by what looked, from a distance, like a holiday giveaway.

Chron’s December 24 report distinguished the police account of the robbery from the witness’s description of the cash throwing. It also reported that Oliver went to a Starbucks patio and was arrested without a confrontation.

The eyewitness account attracted widespread attention, but it does not establish the suspect’s motive. There is no basis here to describe him as a philanthropist, claim he was helping particular families or suggest the robbery was harmless.

An old story with an important distinction

ABC7’s contemporary coverage also identified Oliver and reported the unusual aftermath. These reports concern a December 2019 incident, rather than a new holiday crime.

The distinction matters when the story recirculates beside a striking image. A caption can preserve the memorable moment while losing its date, attribution and uncertainty. In this case, the responsible version is straightforward: police arrested a bank-robbery suspect, and a witness described him scattering cash and calling out a Christmas greeting afterward.

The supplied featured image is an illustration accompanying the viral story. It has not been verified as a photograph of Oliver or the actual incident.

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