Sheri L. Reeves, Aiding $565,000 Fraud, Missouri 2020

Cape Girardeau – A Dunklin County woman has been sentenced to 15 months imprisonment for her role in a $565,000 fraud scheme.

Sheri L. Reeves, 55, of Kennett, Missouri, acted as a money mule, transferring money obtained by fraud to others, despite being warned by the FBI.

On June 9, 2020, Reeves opened an account at a Bank of America branch in Jonesboro, Arkansas, and later added the name of the fraud victim to the account.

Reeves’ co-conspirators used fraudulently obtained account information to access the victim’s account and transfer a total of $565,000 to Reeves’ account.

She then sent the money to others using cashier’s checks obtained in Tennessee and Arkansas and via a CoinFlip cryptocurrency ATM in Dunklin County.

Despite her guilty plea in November, Reeves continued to assist in the commission of financial crimes.

Reeves pleaded guilty to one count of aiding and abetting bank fraud, one count of conspiracy to commit wire and mail fraud, and one count of wire fraud.

The case was investigated by the FBI, with Assistant U.S. Attorney Paul Hahn prosecuting the case.

Reeves was ordered to pay $565,000 in restitution to the Bank of America and serve a term of five years supervised release upon her release from imprisonment.

According to the FBI, if you believe you are participating in a money mule scheme or a victim of one, please contact the FBI’s Internet Crime Complaints Center at ic3.gov or contact your local FBI office.