Nancy Sipe, a 47-year-old woman from York, Pennsylvania, has been charged with wire fraud, a federal crime that carries a maximum sentence of 20 years in prison and a $250,000 fine.
According to the United States Attorney’s Office for the Middle District of Pennsylvania, Sipe allegedly took money totaling approximately $80,000 from her brother-in-law’s bank and retirement accounts without authorization. The funds were taken between August 2008 and February 2012, while Sipe was acting as her brother-in-law’s power of attorney.
The United States Secret Service investigated the case, and Assistant United States Attorney Daryl F. Bloom will prosecute Sipe.
The indictment alleges that Sipe used the stolen funds for personal and private financial gain, including vacations.
The case will now move to the courts, where Sipe will face the charges. If convicted, she will be sentenced to up to 20 years in prison and will be required to pay a fine of up to $250,000.
It’s worth noting that the maximum penalty under the federal statute is not always an accurate indicator of the potential sentence for a specific defendant. The judge will consider various factors, including the nature of the offense, the defendant’s history and characteristics, and the need to punish the defendant and protect the public.
Nancy Sipe, a 47-year-old woman from York, Pennsylvania, has been charged with wire fraud, a federal crime that carries a maximum sentence of 20 years in prison and a $250,000 fine.
Defendant: Nancy Sipe
Criminal Charge: Wire Fraud
City and State: York, Pennsylvania
Exact Date: January 22, 2014
Sentence or Outcome: None
Dollar Amounts: Approximately $80,000
Related Federal Cases
- Donald Smith, Wire Fraud, Pennsylvania 2023 · Pennsylvania
- Andrew A. Demasi, Mail and Wire Fraud, Pennsylvania 2007 · Washington
- Samuel Hayden, Wire Fraud, Pennsylvania 2023 · Pennsylvania
- James Grimes, Wire Fraud and Tax Evasion, Pennsylvania 2023 · Illinois
- Festus Owusu, Conspiracy to Commit Wire Fraud, Pennsylvania 2023 · Minnesota
Key Facts
- State: Pennsylvania
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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