Castle Rock woman charged for conspiracy to commit money laundering

Date: July 24, 2025

Contact: newsroom@ci.irs.gov

DENVER — The United States Attorney’s Office for the District of Colorado announces that a grand jury has returned a superseding indictment charging Lori Ann Kimball, of Castle Rock, with one count of conspiracy to commit money laundering and 23 counts of money laundering.

According to the superseding indictment, individuals other than Kimball built fake online relationships with victims to gain their trust and convinced them to send money to Kimball in the form of wire transfers, checks, or cash. Despite being warned by law enforcement about the nature of her conduct, Kimball continued to carry out illegal financial transactions, including transferring over $3.4 million she received from victims between January 2023 and February 2025 to cryptocurrency accounts in her own name, before eventually transferring her cryptocurrency holdings to digital wallets belonging to overseas individuals. Kimball also provided false information to banks and cryptocurrency exchanges to conceal and disguise her activity. During her involvement in this conspiracy, Kimball utilized at least 20 bank accounts and at least 9 cryptocurrency accounts.

The superseding indictment further alleges that on multiple occasions, Kimball knowingly conducted financial transactions involving more than $10,000 in proceeds from mail and wire fraud. It also alleges that, to conceal and disguise the illegally obtained funds, Kimball used a variety of methods, which included moving money via cashier’s checks and cash between bank and cryptocurrency accounts, structuring cash deposits to avoid scrutiny, withdrawing funds from accounts under investigation, opening new cryptocurrency accounts as others were flagged, splitting transactions across platforms to evade limits, and requesting multiple smaller cashier’s checks instead of a single large one.

The charges contained in the superseding indictment are allegations and the defendant is presumed innocent unless and until proven guilty.

This case is being investigated by the Internal Revenue Service – Criminal Investigation. The case is being prosecuted by Assistant United States Attorney Craig Fansler.

IRS Criminal Investigation (IRS-CI) is the law enforcement arm of the IRS, responsible for conducting financial crime investigations, including tax fraud, narcotics trafficking, money laundering, public corruption, healthcare fraud, identity theft and more. IRS-CI special agents are the only federal law enforcement agents with investigative jurisdiction over violations of the Internal Revenue Code, obtaining a 90% federal conviction rate. The agency has 19 field offices located across the U.S. and 14 attaché posts abroad.