TIGARD, Ore. - Imagine being arrested for robbing 20 banks, but you didn't do it.

That's what happened to a 71-year-old man from Tillamook who ended up being dubbed the "Waddling Bandit."

Robert Christie is now a free man after the FBI filed paperwork to clear him.

"It's about time," he told KATU News on Tuesday.

The retired millionaire was arrested in October in connection with a string of bank robberies stretching from Kelso to Medford, all because he says someone thought he looked like the guy on the wanted poster.

"In the paper it comes out we've been investigating this for two years. Well, they investigated me less than two days," he said.

Christie, a retired math teacher, has no criminal record. The tip that led to him came from a reward poster. Christie has a limp like the bandit and likes the same accessory - a hat.

"It was the hat," he said. "It had to be the hat. And it's the wrong color. The guy never used orange. But that don't count. I was close enough to solve the case."

The FBI claimed it found evidence at Christie's home, but the former suspect thinks it was his spending habits that made investigators suspicious. Christie owns a lot of property, is well off and likes to spend time at the casino.

However, despite losing 50 days of his life, and $20,000 to fight the charges, Christie does not plan to go after the FBI.

"It's been a good experience and education and a little bit of torture and maybe a little life threatening, but they aren't going to wreck any more of it. To h*** with them," he said.

The FBI said the case was dropped due to a lack of evidence and alibis that panned out.

Christie thinks if he had not had the money for a good attorney, things might have turned out differently.

Of course, this means the "Waddling Bandit" is still on the run. The FBI says he tends to target banks inside grocery stores and that he has never used a weapon. He has a signature limp and likes to wear hats.