Cherie Campion, a 64-year-old resident of Mishicot, Wisconsin, has pleaded guilty to two counts of money laundering. The charges stem from her operation of a temporary staffing agency in Manitowoc, where she generated and submitted thousands of fraudulent invoices. These actions led to financial losses exceeding $10 million for two companies.
According to information released by Acting United States Attorney Richard G. Frohling, Campion admitted to causing losses of $5,000,000 and $5,389,371.51 through her scheme. She took steps to conceal the fraud by registering a proxy company with the State of Wisconsin, creating a fictitious persona tied to the fraudulent invoices, and submitting false bank statements. In her plea agreement, Campion acknowledged that the sophistication of her scheme qualified for an enhancement under the United States Sentencing Guidelines.
Campion is scheduled for sentencing on January 27, 2026 before United States District Judge Lynn Adelman.
The case was investigated by several federal agencies: the Internal Revenue Service, United States Postal Inspection Service, Federal Deposit Insurance Corporation, and Federal Bureau of Investigation. Assistant United States Attorney Kevin Knight prosecuted the case.
“This matter was investigated by the Internal Revenue Service, the United States Postal Inspection Service, the Federal Deposit Insurance Corporation, and the Federal Bureau of Investigation. It was prosecuted by Assistant United States Attorney Kevin Knight.”
For further information contact:
Public Affairs Officer Steve Caballero
(414) 297-1700
