⏱ 2 min read
A brazen scheme to swindle millions from Customers Bank and the Small Business Administration has landed a Konawa woman in hot water. Rachel Sitton, 42, pleaded guilty to money laundering and conspiracy to commit wire fraud in federal court.
Prosecutors say Sitton and her cohorts orchestrated a complex scheme to defraud the bank and the SBA between January and March 2021, using wire communications to execute their plan. The scam netted Sitton a cool $20,000, which she laundered through a cashier’s check.
The charges against Sitton stemmed from an investigation by the IRS-Criminal Investigations, the U.S. Secret Service, and the Oklahoma Bureau of Narcotics. She’s been released on bond pending sentencing.
A U.S. District Court Judge will determine Sitton’s sentence, which could range from 30 years in prison and a $1 million fine to a lesser sentence under the U.S. Sentencing Guidelines.
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📋 Key Facts
- Crime: White Collar Crime
- Defendant: Wire Fraud
- Location: OK
- Source: DOJ Press Release
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