News and Press Releases

Sioux Falls Man Indicted for Fraud, Embezzlement, and Money Laundering

FOR IMMEDIATE RELEASE
April 16, 2013
Contact: Ace Crawford
605-343-2913 ext. 2101

United States Attorney Brendan V. Johnson announced that a Sioux Falls, South Dakota man has been indicted by a federal grand jury for fraud.

Gerald Lloyd Larson, age 69, was indicted by a federal grand jury on April 2, 2013 for bank fraud, embezzlement in connection with health care, and two counts of money laundering.

Larson appeared before U.S. Magistrate Judge John E. Simko on April 15, 2013 and pled not guilty to the indictment. The charges carry maximum possible sentences as follows: bank fraud – 30 years in prison and/or $1 million fine; embezzlement – 10 years in prison and/or $250,000 fine; and money laundering – 20 years in prison and/or a $500,000 fine on each count. Restitution may also be ordered.

The charges are merely accusations and Larson is presumed innocent until and unless proven guilty.

Larson is accused of embezzling funds from his former employer, a health care provider located in Sioux Falls, by depositing items meant for his employer’s account into his personal bank account.

The investigation is being conducted by the Federal Bureau of Investigation. Assistant U.S. Attorney Connie Larson is prosecuting the case. Larson was released on his own recognizance pending trial.

 

 

Return to Top

U.S. Attorney
Brendan V. Johnson
Announces


Stop Human Trafficking
2013 Annual Report

Stay Connected: Visit us on Twitter
Red Ribbon Week October 23-31
United States Attorneys 225th Anniversary
The Office of U.S. Attorney
Brendan V. Johnson
presents
 
Community Prosecution Strategy

South Dakota Community Prosecution Strategy

Law Enforcement Coordinating Committee

Training and seminars for
Federal, State, and Local
Law Enforcement Agencies.

Justice 101