Tuesday afternoon, Indiana State Police arrested 48-year-old Tracey Gubbins of Evansville on felony theft charge.
They say a criminal investigation revealed Gubbins embezzled over $40,000 from her employer.
In 2007, Gubbins was hired by an Evansville woman to handle her personal finances.
Officials say she was responsible for paying the mortgage, car payments, credit card, taxes and other household bills.
In January 2012, the Evansville woman contacted Indiana State Police after she discovered that she didn't have any money in her bank account.
Between January 2010 and December 2012, Gubbins allegedly made over $40,000 in unauthorized purchases for her personal use.
Gubbins was arrested at her residence without incident. She is being held on bond in the Vanderburgh County Jail.
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