Tipton apartment manager arrested, accused of stealing $10K from residents

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

Karen Nead

TIPTON, Ind. (April 16, 2015)– An apartment manager in Tipton was arrested Thursday on several felony charges. Police say she is suspected in several thefts while managing Hartwick Apartments.

Investigators allege that over the last several weeks, Karen Nead stole approximately $10,000 from the residents of the complex.

Nead would have the tenants issue her money orders to pay for their monthly fees, and instead of applying these orders towards their account, she cashed the orders.

She now faces charges for money laundering, corrupt business influence and 23 counts of theft.

Anyone who may have been a victim of Nead’s can contact Sgt. Brian DellaRosa of the Tipton City Police Department at (765) 675-2152.