'Groucho Bandit' enters guilty plea

March 26, 2009 5:40:21 PM PDT
A man authorities nicknamed the 'Groucho Bandit' enters guilty pleas in three bank robberies. Prosecutors say 37-year-old Michael Staadt wore a fake mustache during the robberies last year.

Staadt is suspected in a total of nine bank holdups, all on Chicago's North Side.

Investigators say one happened after Staadt was arrested and released to a center to receive psychiatric help. His mental health is expected to be an issue at his sentencing.