Thursday, December 22, 2011

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. 

Read the story here and here.

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.

4 comments:

Lynn Menard, Houston, TX said...

I've been looking for updates on this case. Has anyone seen any?

Chris Marquet said...

I have not seen any updates. Probably in a few months we may hear about a plea agreement...

Ms. Boll Weevil said...

There is an article in today's Commercial Appeal about this case. She has pled guilty. Sentencing is in August.

Anonymous said...

Here is an article from Nov. 2012
http://www.knoxnews.com/news/2012/nov/10/bookkeeper-sentenced-to-4-years-for-embezzlement/?print=1