A Midwest City woman is facing considerable time behind bars after pleading guilty to milking a New York-based property management firm out of over $1.7 million. Sherrie Billings, 53, admitted to charges of wire fraud and filing a false tax return—a combination that could land her a maximum of 23 years in federal prison and half a million dollars in fines. This financial saga, running from 2017 to 2022, came to a close with Billings’ guilty plea entered on May 2, 2025.
As reported by the U.S. Attorney's Office, during her stint with Manhattan Management Company, LLC, Billings took advantage of her position to forge unauthorized checks and use a company credit card for personal gain. With access to MMC's financial resources, she issued around 385 checks to herself, totaling upwards of $1.66 million from the company's account. Billings also tacked on nearly $50,000 in personal credit card charges at the company's expense.
Billings' illicit financial maneuvering included crafting falsified payment vouchers to cloak her actions, duping the company's bookkeeper into thinking they were legitimate expenses to be recorded in the company ledger. Her deception didn't stop there, however. The Justice Department's press statement further notes that Billings significantly underreported her income on her 2022 federal tax return, conveniently omitting the hefty sum she conned out of her employer.
The case, led by the IRS Criminal Investigation and prosecuted by Assistant U.S. Attorney Charles Brown. At her sentencing, the former regional property manager's actions may cost her up to two decades of freedom for the wire fraud charge, while the tax charge could add another three years to her sentence. Each count also carries the potential of a $250,000 fine, confirming that the price for such financial deception is steep.
