Bond revoked for Groucho Bandit

September 17, 2008 4:02:04 PM PDT
Bond was revoked Wednesday for a serial bank robber known as the "Groucho Bandit."Michael Staadt is accused of holding up a Chase Bank last Friday on Chicago's North Side while he was out on bond awaiting trail on three other bank robberies.

Prosecutors say Staadt wore a bushy fake mustache during the holdups that resembles Groucho Marx' trademark.