NOVEMBER 9, 2022:
A federal judge has determined the penalty for a 27 year old woman from Fort Pierre convicted of Bank Embezzlement.
Bailey Ricketts was sentenced (Nov. 7, 2022) 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.
Court information says 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.
Ricketts was ordered to report to the custody of the US Marshals Service by the end of this week.
NOVEMBER 2021:
A 26 year old woman from Fort Pierre has been indicted by a federal grand jury for Bank Embezzlement.
Bailey Ricketts pled not guilty.
The Indictment alleges that on or about between August 27, 2019, and January 26, 2021, Ricketts knowingly embezzled more than $1,000 from Dakota Prairie Bank in Fort Pierre.
The maximum penalty if convicted is 30 years in federal prison and/or a $1,000,000 fine, five years of supervised release, payment of a $100 special assessment to the Federal Crime Victims Fund, and restitution may be ordered.
The investigation is being conducted by the Federal Bureau of Investigation and the South Dakota Division of Criminal Investigation. Assistant U.S. Attorney Cameron J. Cook is prosecuting the case.
Ricketts was released pending trial. A trial date has not been set.
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