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Press Release

Fort Pierre Woman Sentenced for Bank Embezzlement

For Immediate Release
U.S. Attorney's Office, District of South Dakota

SIOUX FALLS - United States Attorney Alison J. Ramsdell announced today that a Fort Pierre, South Dakota, woman convicted of Bank Embezzlement was sentenced on November 7, 2022, by Chief Judge Roberto A. Lange, U.S. District Court.

Bailey Ricketts, age 27, was sentenced to one month in federal prison, followed by three months of home confinement, two years of supervised release, restitution in the amount of $38,135.43, and ordered to pay a $100 special assessment to the Federal Crime Victims Fund.

Ricketts was indicted for Bank Embezzlement by a federal grand jury in November of 2021. She pleaded guilty on August 11, 2022.

From August 2019 to November 2020, while employed at a bank in Fort Pierre, Ricketts knowingly embezzled money from the bank by transferring money into her own account and accounts belonging to her family members. 

This case was investigated by the FBI and the South Dakota Division of Criminal Investigation. Assistant U.S. Attorney Cameron J. Cook prosecuted the case.

Ricketts was ordered to report to the custody of the U.S. Marshals Service by the end of the week.

 

Updated November 9, 2022

Topics
Financial Fraud