Humble Woman Indicted in Second Fraud Scheme
HUMBLE November 20, 2014 - A federal grand jury sitting in Houston has indicted an Humble woman alleging conspiracy to commit bank, mail and wire fraud, making false statements to a bank and use of Social Security numbers not assigned to her, announced U.S. Attorney Kenneth Magidson.
The seven-count indictment was returned today against Cheryl Reed Johnson aka Shawnee Reed or Cheryl Reed, 37. Already in custody in another federal case, Johnson is expected to make an initial appearance before a U.S. magistrate judge in the near future.
The indictment alleges Johnson used Social Security numbers of other people in order to obtain loans from banks and other lending institutions to purchase houses and vehicles. Johnson also allegedly used these numbers to obtain credit in the form of credit cards and personal loans. According to the indictment, she and others engaged in this criminal activity from January 2005 through Feb. 18, 2014.
If convicted, she faces a maximum 30 years in federal prison and a possible $1 million fine for either of the conspiracy to commit bank, mail and wire fraud or making false statements. A conviction for wire fraud carries a possible term of imprisonment of up to 20 years, while false representation of a Social Security number could result in a five-year maximum term. A maximum $250,000 fine could also be imposed on those charges, upon conviction.
Johnson remains in custody pending sentencing in another federal case involving a $2 million tax fraud conspiracy.
Both of these investigations were conducted by the U.S. Postal Inspection Service and the Internal Revenue Service-Criminal Investigation.