Rapid City Man Charged with Multiple Counts of Fraud and Money Laundering
Summary
United States Attorney Alison J. Ramsdell announced on August 8, 2022 that Steven Arthur Knigge, 76, of Rapid City, South Dakota, was indicted by a federal grand jury in July 2022 on five counts of Bank Fraud, eight counts of Money Laundering and one count of Wire Fraud. The charges stem from a scheme to defraud Rapid City banking institutions between April 2021 and October 2021 and from a fraudulent application under the Paycheck Protection Program. Knigge pleaded not guilty before U.S. Magistrate Judge Veronica L. Duffy on August 3, 2022 and was released pending trial, with trial set for October 11, 2022. The maximum penalty is 30 years in federal prison and/or a $500,000 fine, five years of supervised release and $100 to the Federal Crime Victims Fund. The release states that the charges are merely an accusation.
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Press Release Rapid City Man Charged with Multiple Counts of Fraud and Money Laundering Monday, August 8, 2022 For Immediate Release U.S. Attorney's Office, District of South Dakota United States Attorney Alison J. Ramsdell announced that a Rapid City, South Dakota, man has been indicted by a federal grand jury for five counts of Bank Fraud, eight counts of Money Laundering, and one count of Wire Fraud. Steven Arthur Knigge, 76, was indicted in July 2022. He appeared before U.S. Magistrate Judge Veronica L. Duffy on August 3, 2022, and pleaded not guilty to the Indictment. The maximum penalty upon conviction is 30 years in federal prison and/or a $500,000 fine, five years of supervised release, and $100 to the Federal Crime Victims Fund. Restitution may also be ordered. The charges stem from Knigge devising a scheme to defraud Rapid City banking institutions for his own personal gain between April 2021 and October 2021, and for filing a fraudulent application under the Paycheck Protection Program. The charges are merely an accusation and Knigge is presumed innocent until and unless proven guilty. The investigation is being conducted by the Internal Revenue Service-Criminal Investigations. Assistant U.S. Attorney Benjamin Patterson is prosecuting the case. Knigge was released pending trial. A trial date has been scheduled for October 11, 2022. Updated August 8, 2022 Topic Financial Fraud Component USAO - South Dakota Related Content Press Release Nigerian Man Indicted on Fraud Charges United States Attorney Ron Parsons announced that in March 2026, a federal grand jury indicted Kenneth Godwin, a Nigerian man, for Conspiracy to Commit Wire Fraud, Wire Fraud, and Unauthorized... May 6, 2026 Press Release De Smet Man and Woman Each Sentenced to Terms in Federal Prison and Home Confinement for Willful Failure to Collect or Pay Over $600,000 in Employment Tax United States Attorney Ron Parsons announced today that Chief Judge Roberto A. Lange, U.S. District Court, has sentenced a De Smet, South Dakota, man and woman convicted of Willful Failure to Collect or... March 24, 2026 Press Release Sioux Falls, South Dakota Man Sentenced to Six Months in Federal Prison for Defrauding a Local Credit Union United States Attorney Ron Parsons announced today that Chief Judge Roberto A. Lange, U.S. District Court has sentenced a Sioux Falls, South Dakota man convicted of Bank Fraud. The sentencing took place... March 23, 2026
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