RAPID CITY – Steven Arthur Knigge, a 77-year-old resident of Rapid City, South Dakota, has been sentenced to 33 months in federal prison for his involvement in bank fraud and money laundering schemes.
United States Attorney Alison J. Ramsdell announced that Chief Judge Roberto A. Lange of the U.S. District Court imposed the sentence on July 2, 2024. Knigge was convicted of three counts of Bank Fraud and three counts of Money Laundering.
The defendant’s fraudulent activities began in April 2021 and continued through April 2022. Knigge executed a scheme to defraud several banking institutions, depositing seven fraudulent checks totaling approximately $200,000. He then transferred funds before banks could detect the fraud.
In addition to his bank fraud, Knigge submitted a fraudulent Paycheck Protection Program (PPP) loan application in April 2021. He claimed ownership of a residential remodeling business, which was later proven false. Despite this, he received $20,833 and cashed out nearly the entire amount.
“IRS Criminal Investigation (CI) continues to pursue those who abuse pandemic relief programs,” said Special Agent in Charge Thomas F. Murdock. “Knigge admitted his fraudulent PPP application for personal gain.”
This case was investigated by the Internal Revenue Service-Criminal Investigation and prosecuted by Assistant U.S. Attorney Benjamin Patterson. Knigge has been remanded to the custody of the U.S. Marshals Service.
Related Federal Cases
- Rapid City Attorney Kenneth Orrock Pleads Guilty to Tax Fraud · South Dakota
- Rapid City Gunman Hit with Federal Firearm Charges · South Dakota
- Rapid City Drug Kingpin Jonah Burning Breast Indicted · South Dakota
- Rapid City Couple Hit with Meth Distribution Charges · Minnesota
- Rapid City Escapist Sentenced to Four Months · South Dakota
Key Facts
- State: South Dakota
- Agency: DOJ USAO
- Category: Fraud & Financial Crimes|Public Corruption
- Source: Official Source ↗
🔒 Get the grimiest stories delivered weekly. Subscribe free →
Browse More
MORE FEDERAL CRIME NEWS
US NewsUS NewsUS NewsUS News