Thief Who Robbed Four Banks Is FREED On New York's No-Bail Policy

Then knocks over another bank 24 hours after shouting 'I can't believe they let me out'

A serial bank robber targeted four New York banks, was released under the city’s new law which requires no bail for holding suspects, only to strike a fifth financial institution, police claim.

The suspect, Gerold Woodberry, 42, is alleged to have robbed banks in New York’s Midtown Manhattan, Harlem, West Village and the Upper West Side, since December 30, sources said.

However, under the new ‘no bail’ law, he was released on Thursday.

‘I can’t believe they let me out,’ sources said he was overheard saying on the way out of the New York Police Department’s headquarters, reports the New York Post.

‘What were they thinking?’ he added, allegedly striking a fifth bank in Downtown Brooklyn on Friday, the sources told the Post.  Amazon.com Gift Card i... Buy New $10.00 (as of 04:20 EST - Details)

Woodberry passed paper notes each time he struck one of the financial institutions, and stole $1,000, it is claimed.

A police spokesperson told DailyMail.com that the matter has been forwarded to the District Attorney’s office.

The new law, designed to reduce jail overcrowding and which went into effect in the new year, drops the bail requirement for most misdemeanors and non-violent felonies, including robberies.

Critics, however, argue that some suspects should be required to post bail before they are back on the street after they are detained.

Woodberry is alleged to have first struck a bank in Midtown and got away with $1,000, sources said.

He then was alleged to have hit up banks in Harlem on January 3.

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