PHOENIX – A Glendale man has been charged with shooting his business partner to death nearly 20 years ago.
Dean Richmond Babbitt IV, 69, was charged with one count of premeditated first-degree murder. His bond was set at $750,000.
According to Phoenix police, Robert Krahn was murdered inside the Merchandise Outlet on Feb. 3, 1996. He was shot once in the back of his head in a storage room at the business located near Grand and 27th avenues.
Babbitt was contacted at the scene and interviewed by police then released. Police said Krahn was the financier and Babbitt was the operations manager of the business, which sold used office equipment and furniture.
Police said the business was in the midst of complete closure on the morning of the homicide. The partners had arrived at around 6 a.m. to remove the few remaining items from the business.
Police said Krahn was killed with a handgun that Babbitt had reported stolen in an alleged burglary on Aug. 6, 1995. The gun was found on the floor a few feet from the victim.
Babbitt is scheduled to appear in court on May 6.