Moore Woman Sentenced to 63 Months in Prison for Bank and Bankruptcy Fraud
Oklahoma City, Oklahoma – ERICKA K. SMITH, 33, of Moore, Oklahoma, was sentenced yesterday to 63 months in federal prison for defrauding Frontier State Bank and committing bankruptcy fraud, announced Mark A. Yancey, United States Attorney for the Western District of Oklahoma.
On December 14, 2016, the U.S. Attorney’s Office charged Smith with one count of bank fraud and one count of bankruptcy fraud. It alleged that she operated Longhorn Ranch Trailer Sales, which bought and sold vehicles and horse trailers. According to the charges, she defrauded Frontier State Bank in May 2011 by making false statements about her income when she applied for a loan to buy a truck for $68,000. The truck served as collateral to protect the bank’s funds. Her fraud also involved creating a false lien release for the truck and selling it to a Longhorn Ranch Trailer Sales customer in Texas for $73,000 without notifying the bank. According to the charges, Smith also committed fraud during her 2012 bankruptcy by testifying falsely that she had sold the truck financed by Frontier State Bank to a person in California for only $16,000.
Smith pled guilty to both counts on January 6, 2017.
On September 26, 2017, U.S. District Judge Vicki Miles-LaGrange sentenced Smith to 63 months in prison, to be followed by five years of supervised release. The court found that Smith’s similar fraudulent conduct caused losses totaling $1,476,009.96. It also found that her fraudulent conduct involved sophisticated means. After imprisonment, Smith must pay restitution to eight different financial institutions in the total amount of $1,163,981.81.
This case is the result of an investigation by the Federal Bureau of Investigation and was prosecuted by Assistant U.S. Attorney Kerry A. Kelly.