Tipton apartment manager arrested on money laundering, theft charges

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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 had been having the tenants issue her money orders to pay for their monthly fees, and instead of applying these orders towards their account, Nead had been cashing 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.

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