Blanchard Woman Sent to Federal Prison for 22 Months, Ordered to Pay $727,300 in Restitution for Filing Fraudulent PPP Loan Application
Summary
Release from U.S. Attorney Robert J. Troester in Oklahoma City: Sheri Lynn Vickery, 40, of Blanchard was sentenced to 22 months in federal prison, followed by 2 years of supervised release, and ordered to pay $727,300 in restitution for making a false statement to a financial institution. Vickery was office manager for Coil Chem LLC, a chemical manufacturing company in Washington, Oklahoma, and on April 7, 2020, submitted a PPP loan application on behalf of Coil Chem. The Indictment alleged that Vickery inflated the total payroll costs of Coil Chem and misrepresented the use of the proceeds, causing $727,300 to be transferred to it, and then used the money for impermissible purposes, including personal debts of a family member. Vickery pleaded guilty on September 10, 2024, and U.S. District Judge Jodi W. Dishman imposed the sentence on June 16, 2025.
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OKLAHOMA CITY – SHERI LYNN VICKERY , 40, of Blanchard, has been sentenced to serve 22 months in federal prison and ordered to pay $727,300 in restitution for making a false statement to a financial institution, announced U.S. Attorney Robert J. Troester. According to public record, from April 2020 through December 2021, Vickery worked as an office manager for Coil Chem LLC, a chemical manufacturing company based in Washington, Oklahoma. On April 7, 2020, Vickery submitted an application for a Paycheck Protection Program (PPP) loan guaranteed by the Small Business Administration (SBA) on behalf of Coil Chem. The PPP was a COVID-19 pandemic relief program that provided forgivable loans to small businesses for job retention and certain other expenses. The Indictment alleges that Vickery inflated Coil Chem’s total payroll costs and misrepresented what the PPP loan proceeds would be used for, ultimately causing $727,300 to be transferred into Coil Chem’s operating bank account. Vickery then used the proceeds for impermissible purposes, including to pay off a family member’s personal debts. On September 10, 2024, Vickery pleaded guilty, and admitted she knowingly submitted a PPP loan application that contained false representations. At the sentencing hearing on June 16, 2025, U.S. District Judge Jodi W. Dishman sentenced Vickery to serve 22 months in federal prison, followed by 2 years of supervised release, and ordered Vickery to pay $727,300 in restitution. In announcing the sentence, the court noted the nature and circumstances and seriousness of the offense. This case is the result of an investigation by the FBI Oklahoma City Field Office. Assistant U.S. Attorney Julia E. Barry prosecuted the case. Reference is made to public filings for additional information.
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