Sioux Falls Man Arrested for Role in Bank Fraud & Money Laundering Conspiracies

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FILE PHOTO: The U.S. Department of Justice Building is pictured

SIOUX FALLS – United States Attorney Alison J. Ramsdell announced that a Sioux Falls, South Dakota, man has been indicted by a federal grand jury for Conspiracy to Commit Bank Fraud and Conspiracy to Launder Monetary Instruments.

Cameron Terrill Hardiman, age 42, was indicted in September of 2022. He appeared before U.S. Magistrate Judge Mark A. Moreno on September 21, 2022, and pleaded not guilty to the Superseding Indictment.

The maximum penalty upon conviction is up to up to 30 years in custody for Bank Fraud Conspiracy, 20 years in custody for Money Laundering Conspiracy, and/or a $250,000 fine, three years of supervised release, and $100 to the Federal Crime Victims Fund.  Restitution and forfeiture may also be ordered.

According to the Superseding Indictment, in 2020 and continuing until April 2022, Hardiman and others conspired and agreed to knowingly conduct and attempt to conduct bank fraud and financial transactions affecting interstate commerce. Specifically, Hardiman and others knowingly conspired to defraud multiple financial institutions throughout the Sioux Falls area and elsewhere and to obtain funds by means of false or fraudulent pretenses, representations, and promises. 

After obtaining funds through fraud, it is alleged that Hardiman and others engaged in depositing, transferring, wiring, and withdrawing the funds at financial institutions.  It is alleged they knew the transactions were designed in whole or in part to conceal and disguise the nature, location, source, ownership, or control of the proceeds of the fraud scheme and that the funds involved represented the proceeds of unlawful activity.

The charges are merely accusations and Hardiman is presumed innocent until and unless proven guilty. 

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The investigation is being conducted by the following agencies: IRS Criminal Investigation; DHS – HSI; SFPD; SD Highway Patrol; and USPS.

Assistant U.S. Attorney Jeremy R. Jehangiri is prosecuting the case. 

Hardiman was remanded to the custody of the U.S. Marshals Service pending trial. A trial date of November 29, 2022, has been set. 

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