Women Who Kill: This Bank Robber Viciously Shot Her Victim In The Back

By Robert Riggs

What You Will Learn

Jerry and Dava Truett lived well beyond their means in the small central Texas town of Kosse. They owned a lake house and a speed boat. They drove a pair of expensive pickup trucks and numerous recreational vehicles.

Townfolk thought they were receiving oil and gas money from their farmland or had an inheritance.

How Did They Live Such An Extravagant Lifestyle On Small-Town Wages?

The small community of 500 people confronted the cold-blooded truth about the couple’s lifestyle when 52-year-old Michael Wells was murdered inside the First State Bank of Kosse.

Sue and Michael Wells (Slain President of First State Bank of Kosse

Williams was the bank’s president and a beloved community leader.

He arrived early one morning before the bank opened to meet with a customer.

A 68-year-old business owner wanted to find out why thirty thousand dollars was missing from his account.

Before they could meet, Williams was gunned down. The bank’s vault was still locked. No money was missing from it.

But in the aftermath of this tragedy, an FBI audit discovered that $700,000 was missing from elderly customers’ accounts.

What happened to all of that money?

In this episode of the True Crime ReporterĀ® Podcast investigative reporter Robert Riggs takes you inside the crime scene tape with a case from former federal prosecutor Bill Johnston.

It will leave you wondering if you can trust anyone.


LINK to previous bank robbery episodes mentioned:

This Bank Gets Robbed Everyday With Former FBI Agent Don Bentley

The High School Gang That Graduated To Cold Blooded Murder

95

What You Will Learn

  • The scene at First State Bank of Kosse and the circumstances of president Michael Wells’s death.
  • The $30,000 account shortage reported to Wells the day before, and the later question about the FBI’s review of passbook records.
  • The plea agreement, dismissed murder indictment, and unrecovered embezzled funds described in the case footnote.

Stay One Step Ahead of Danger

withStories to Keep You Safe

Recognize the warning signs before you become a victim.

Get Robert Riggs’ newsletter for reporting on violent crime, AI threats, and hidden dangers—plus practical steps to help protect yourself and your family.

Books by Robert Riggs

Texas Crime Stories: Blood & Betrayal, by Robert Riggs

Latest publication

Texas Crime Stories

Blood & Betrayal

Riding Herd on the Lawless Ā· Vol. 1

Go inside the cases Texas will never forget.

A preacher with a deadly secret. A mother whose crime shocked a community. A death-row phone call that exposed a prison scandal. Robert Riggs takes you behind the headlines through firsthand accounts, investigations, and the pursuit of justice.

Buy the Book
Read the Story

Bill Johnston

When we went into the bank, I don't think there were any employees in there still. I think they'd gone out the front. And there was a large man, properly dressed gentleman, that was lying dead on the floor.

Robert Riggs

More than a hundred people stood in front of the First State Bank of Kosse, Texas. Crying and hugging each other.

The crowd spilled into the main street of the small railroad town built in the late 1870s.

52-year-old Michael Wells, the bank president, and a beloved community leader, had been shot three times in the back before the bank was scheduled to open for morning business.

The vault was locked. No money was missing.

But the day before, a 68-year-old business owner phoned the bank’s president to report that thirty thousand dollars was missing from his account.

Hello, I'm investigative reporter Robert Riggs here with former federal prosecutor Bill Johnston to talk about one of his cases. It was a murder bank robbery.

Robert Riggs

Yes, before the days of computers. We're going to pause right there. Take a message from our for our listeners and we'll be back to talk about the audit more on the pass books.

Robert Riggs

So Bill The FBI is in investigating the finances of the bank and you've explained how easy it is in the old system of passbook This is pre-computer age really, for the consumer to have a computer what does the FBI find?

Robert Riggs

So Bill, we're going to dig around more in our case files, my reporters notebooks, your case files and so we'll be back with stories from inside the crime scene tape. All right.

Robert Riggs

AND HERE’S A FOOTNOTE TO THE CASE.

Jerry Truett, the husband of convicted killer Dava Truett, claimed he did not know that his wife was embezzling money from the bank.

During the second day of his money laundering trial, a plea agreement was reached to reduce his charge to ten years probation.

The pending murder indictment for Michael Wells, death was also dismissed.

Wells’ wife met privately with Truett while the details of the plea bargain were worked out.

Mrs. Wells said, ā€œHis boys need their father. I don’t want his boys to suffer like mine. Jerry loves his children.ā€

The more than 700-thousand dollars embezzled by his wife was never recovered.

Frequently Asked Questions

What happened to Michael Wells?

The script says the bank president was shot three times in the back before the bank opened. The vault was locked and no money was missing.

What did a local business owner report the day before the murder?

The owner phoned Wells to say $30,000 was missing from his account.

What happened during Jerry Truett’s money-laundering trial?

The script says a plea agreement reduced his charge to ten years of probation and that the pending murder indictment was dismissed.

Was the embezzled money recovered?

No. The script says more than $700,000 embezzled by Dava Truett was never recovered.