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Seminole woman accused of stealing from employer in house-flipping scheme

SEMINOLE — A woman is accused of stealing over $150,000 from a company over several years to rehab houses to flip them, the Pinellas County Sheriff's Office said.

Deputies said Jane Lytle, 52, of Seminole stole $169,869.27 from Cherry & Company. She faces a charge of grand theft.

Deputies said Lytle was an employee at the Seminole marketing and communications company before she moved to a consulting position doing book work and financial management. From 2008 until recently, she made withdrawals from various bank accounts and credit cards.

The money was used to rehab residential properties so that she and others could sell them, deputies said. As the real estate market continued to sour, she couldn't repay the money, deputies said.

Deputies said her intent was to pay the money back. She was booked and released from the Pinellas County Jail Monday.

Seminole woman accused of stealing from employer in house-flipping scheme 04/19/11 [Last modified: Tuesday, April 19, 2011 6:32pm]
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