York Woman Charged Federally With Wire Fraud
The United States Attorney's Office for the Middle District of Pennsylvania announced today that the federal grand jury in Harrisburg returned an Indictment on January 22, 2014 charging Nancy Sipe, age 47, York, with Wire Fraud.
According to United States Attorney Peter J. Smith, from August 2008 to February 2012, Nancy Sipe allegedly took money totally approximately $80,000 from her brother-in-law’s bank and retirement accounts, without authorization, while acting as his power-of-attorney. Sipe then allegedly used the money to pay for vacations and for personal and private financial gain.
If convicted, Sipe faces a term of imprisonment of up to 20 years and a $250,000 fine.
This case was investigated by the United States Secret Service. The case is being prosecuted by Assistant United States Attorney Daryl F. Bloom.
Indictments and Criminal Informations are only allegations. All persons charged are presumed to be innocent unless and until found guilty in court.
A sentence following a finding of guilty is imposed by the Judge after consideration of the applicable federal sentencing statutes and the Federal Sentencing Guidelines.
In this case, the maximum penalty under the federal statute is 20 years’ imprisonment, a term of supervised release following imprisonment, and a fine. Under the Federal Sentencing Guidelines, the Judge is also required to consider and weigh a number of factors, including the nature, circumstances and seriousness of the offense; the history and characteristics of the defendant; and the need to punish the defendant, protect the public and provide for the defendant’s educational, vocational and medical needs. For these reasons, the statutory maximum penalty for the offense is not an accurate indicator of the potential sentence for a specific defendant.
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