Wednesday, December 22, 2010

Former Indiana Bookkeeper and Current Municipal Treasurer, Accused of Embezzling $2 Million

Gail Evelyn Greathouse, 55, of Elizabethtown, Indiana, has been accused in a civil lawsuit by her former employer, LB Mold Inc., of embezzling as much as $2 million while she had served as its bookkeeper. Greathouse currently also serves as clerk-treasurer of the municipality of Elizabethtown - a position she has held for some 20 years. According to the lawsuit, Greathouse funnelled company monies to her daughter and son-in-law, Ronda Thompson and Dave Thompson, also of Elizabethtown. Some checks were made out to Black Wolf Performance, an auto repair shop owned by Dave Thompson and Greathouse. There is a criminal investigation ongoing, according to reports. She had been a bookkeeper for LB Mold for 13 years.

Elizabethtown had better start auditing its books...


Read the story here, here and here.

Update (4/25/13): Greathouse, now 57, has been sentenced to 48 months in prison for embezzling what is understood to be $2.1 million from LB Mold, Inc.  The thefts spanned a period of at least 5 years from 2005 through 2010.  She was also ordered to pay full restitution.

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