Mishicot woman pleads guilty to money laundering after defrauding over $10 million

MANITOWOC, Wis. (CIVIC MEDIA) – A Mishicot woman plead guilty to two counts of money laundering Monday after it was discovered she had defrauded two companies of millions of dollars.

According to a news release, a joint investigation revealed that 64-year-old Cherie Campion of Mishicot, Wis. had created and submitted thousands of fraudulent invoices through a temporary staffing agency based in Manitowoc, defrauding two undisclosed companies of $5 million and $5,389,371.51, respectively.

In an effort to conceal the crime, Campion registered a “proxy” company with the State of Wisconsin, submitted false bank statements, and created a fake persona to associate with the fraudulent invoices. As part of a plea deal, the woman admitted that her scheme was sophisticated enough to warrant an enhanced sentence under the U.S. Sentencing Guideline.

Campion will be sentenced on Jan. 27, 2026.

The investigation was conducted by the Internal Revenue Service (IRS), the Federal Bureau of Investigation (FBI), the United States Postal Inspection Service, and the Federal Deposit Insurance Corporation.