CAPE GIRARDEAU, Mo. (KFVS) — Sheri L. Reeves, a 55-year-old woman from Kennett, Missouri, has pleaded guilty to multiple charges related to her involvement in the theft of $565,000 from a Bank of America account. The charges include aiding and abetting bank fraud, conspiracy to commit wire and mail fraud, and wire fraud, according to a release from U.S. Attorney Sayler A. Fleming.
Reeves admitted to her role as a “money mule”—a person who facilitates the movement of illicitly obtained funds to co-conspirators. In June 2020, she opened a bank account at a Bank of America branch in Jonesboro, Arkansas. Prior to October 2020, she added the name of a fraud victim to the account. Her co-conspirators then used stolen account information to transfer a total of $565,000 into Reeves’ account in three separate electronic transfers.
Reeves subsequently sent the stolen funds to others through various means, including cashier’s checks purchased in Tennessee and Arkansas and a CoinFlip cryptocurrency ATM in Dunklin County, Missouri. She also provided her account details to other individuals and attempted to withdraw the funds in cash or via checks.
Reeves is set to be sentenced on February 13, 2025. The bank fraud charge carries a potential sentence of up to 30 years in prison, while the conspiracy and wire fraud charges could each lead to 20 years behind bars, in addition to substantial fines.
The case was investigated by the FBI, and Assistant U.S. Attorney Paul Hahn is prosecuting the case.
