Blanchard woman sentenced for fraudulent PPP loan application

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Blanchard woman sentenced for fraudulent PPP loan application

Robert J. "Bob" Troester U.S. Attorney | U.S. Attorney for the Western District of Oklahoma

Sheri Lynn Vickery, a 40-year-old resident of Blanchard, Oklahoma, has been sentenced to 22 months in federal prison and ordered to pay $727,300 in restitution. The sentencing was announced by U.S. Attorney Robert J. Troester following her conviction for making a false statement to a financial institution.

Vickery worked as an office manager for Coil Chem LLC, located in Washington, Oklahoma. From April 2020 through December 2021, she submitted a Paycheck Protection Program (PPP) loan application on behalf of the company. This program was designed as part of COVID-19 pandemic relief efforts to support small businesses with forgivable loans for job retention and certain expenses.

The indictment against Vickery stated that she inflated the company's payroll costs and misrepresented the intended use of the PPP loan proceeds. As a result, $727,300 was transferred into Coil Chem's bank account. It was later revealed that Vickery used these funds for unauthorized purposes, including settling personal debts of a family member.

On September 10, 2024, Vickery pleaded guilty to knowingly submitting false information in the PPP loan application. During her sentencing on June 16, 2025, U.S. District Judge Jodi W. Dishman emphasized the severity and circumstances of the offense before imposing the sentence which includes two years of supervised release after her prison term.

The investigation leading to this case was conducted by the FBI's Oklahoma City Field Office with prosecution led by Assistant U.S. Attorney Julia E. Barry.

Further details can be found in public records related to this case.