Company bookkeeper admits embezzling $1.5M

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MEMPHIS, Tenn. (AP) – A bookkeeper for a Collierville, Tenn., construction company has pleaded guilty to embezzling more than $1.5 million from the business where she worked from 2006 to 2010.

Forty-seven-year-old Karen Tripp, who also owns Town Square Antique Mall in Collierville, faces up to 30 years in prison when she is sentenced in August by U.S. District Judge Samuel Mays. She also will be required to make restitution.

The Commercial Appeal quoted authorities as saying Tripp diverted company checks intended for legitimate recipients into her own personal bank accounts.

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Information from: The Commercial Appeal, http://www.commercialappeal.com

Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

 

 

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