An Aussie bank robber, who was a self-acclaimed 'Robin Hood' of the present times, was sentenced to a minimum of 5 years of jail time.

A federal judge in Wyoming ruled that 'Robin Hood' be sentenced to a nearly six0year prison sentence, The Associated Press reports.

The verdict was handed down on Thursday to 40-year-old Corey Donaldson to 70 months for bank robbery.

Mr Donaldson defended himself saying that he was justified in robbing more than $140,000 from U.S. Bank in Jackson New year's Eve because just like Robin Hood, he gave his lootings to the homeless and had actually committed the robbery to call attentions to problems with the banking system.

However, Mr Donaldson was arrested by the police living in an upscale hotel in Utah with more than $30,000 in hand.

Back in May of 2013 when he was arrested and appeared before the Cheyenne, Wyoming, District Court he was facing a 20-year prison term but it the punishment was downgraded Thursday by judge Alan Johnson.

The whole world had talked about Mr Donaldson's New Year's Eve robbery even before he claimed that he was just being 'Robin Hood' to the poor people.

On the day of his robbery, Mr Donaldson entered the U.S. Bank branch in the ski resort town, wearing a driver's cap, blazer, tie, sunglasses. He spoke with a South African Accent and told the bank's manager that Mexican syndicate had placed a bomb beneath the snow just right outside the building.

In a May 2013 report from The Australian, Mr Donaldson represented himself during his trial even without prior law experience. He was very good in representing himself.

He tried to convince the juror that "people are more important than the law" and that American banks took advantage of the poor by foreclosing their homes and dumping them on the street.

He claimed that, "there are people alive right now because of what I did." He explained that after robbing the bank, he went to different poor places around U.S. giving out bundles of cash to the poor.

He started his opening address with tears falling in his cheeks. He recalled how he grew up in Australia, together with his 10 siblings. Back when he was just ten years old, two men came in their house at Macclesfield in Melbourne and beat his father.

He emotionally recalled that his father was on the ground after being badly beaten. Later they had lost their house in foreclosure.

Mr Donaldson in an appeal to sympathy told court that he was an author of relationship books, "A lot of my work has been teaching men how to love the women in their lives."

However, Jared Williams, the manger who he threatened to be killed by the Mexican drug syndicate testify in court that Mr Donaldson was a natural smooth talker. He said that Mr Donaldson was smooth when conducting his robbery.

The prosecutor then rested his case during trial. He said that with Mr Donaldson's admittance of the crime, he was guilty "almost to a level that there is no doubt."