A woman who worked as a cashier for a company that provides loans and services for staffing companies was charged Wednesday with embezzling more than $275,000 over the course of 18 months.
Michelle Nicoline Jetten, 35, is accused of two counts of embezzling and one count of corporate malfeasance when she worked for Prosperity Funding on West Millbrook Road.
Arrest warrants accuse Jetten of taking $103,234 between April 2012, and May 2013, and $172,593 between May and October 2013.
The malfeasance charge stems from what police said were false entries in the company’s financial records.
Prosperity Funding describes itself as a lender to companies that provide staffing services and may face gaps between their payments to workers or who need money to grow.
Prosperity says it also provides payroll and tax services for staffing companies.
The charges were the result of an investigation that the police Financial Crimes Unit started in October 2013, spokeswoman Laura Hourigan said.
In arrest warrants sworn out Wednesday, police listed Jetten’s address as 4004 Wingate Drive in Raleigh, a house that JP Morgan Chase Bank took possession of in July.
County records show that Jetten took out a mortgage for the 2,200-square-foot, split-level house on Wingate Drive in March 2010 but defaulted on it, and the bank bought the house at a foreclosure auction last May.
Jetten was held in lieu of $500,000 bail before a first court appearance Thursday.