Acting United States Attorney Dennis R. Holmes announced that a Fort Pierre, South Dakota, woman has been indicted by a federal grand jury for Bank Embezzlement.
Bailey Ricketts, age 26, was indicted on November 9, 2021. She appeared before U.S. Magistrate Judge Mark A. Moreno on Nov. 12, 2021, and pled not guilty to the Indictment.
The maximum penalty upon conviction is 30 years in federal prison and/or a $1,000,000 fine, five years of supervised release, a $100 special assessment to the Federal Crime Victims Fund, and restitution may be ordered.
The Indictment alleges that on or about between Aug. 27, 2019, and Jan. 26, 2021, Ricketts knowingly and intentionally embezzled more than $1,000 from Dakota Prairie Bank in Fort Pierre.
The charge is merely an accusation and Ricketts is presumed innocent until and unless proven guilty.
The investigation is being conducted by the Federal Bureau of Investigation and the South Dakota Division of Criminal Investigation. Assistant U.S. Attorney Cameron J. Cook is prosecuting the case.
Ricketts was released pending trial. A trial date has not been set.
Source: U.S. Department of Justice, Office of the United States Attorneys
