Tennessee Woman Indicted On Charges She Embezzled More Than $1.5 Million

Karen Little-Tripp, believed to be 47, of Eads, Tennessee, has been indicted on one count of Bank Fraud in connection with an alleged embezzlement scheme that netted more than $1.5 million from Seiler-Nabors Construction Company where she had been employed as a bookkeeper.  According to prosecutors, over a period of as much as five years, Tripp wrote numerous checks from company accounts for her own benefit to support a lavish lifestyle.  Meanwhile, the company struggled financially, laying off more than 20 employees before filing for bankruptcy.  Trip also funnelled company money into her antiques business, Town Square Antiques, according to reports. 

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Update (5/7/12): Little-Tripp has pleaded guilty to embezzling $1.5 million from Seiler-Nabors Construction Company where she had been employed over a 4 year period as a bookkeeper.