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Woman arrested for embezzling over $40k from former employer

Michele Donovan was arrested for allegedly embezzling over $40,000 from her former employer, Northern Shores Loan Fund Inc.

A Petoskey woman was arrested for allegedly embezzling over $40,000 from her former employer, Northern Shores Loan Fund Inc.

Michele Rae Donovan, 38, was arrested Friday and charged with embezzlement, forgery, uttering and publishing, using a computer to commit a crime, possession of a financial transaction device and sale/use of a financial transaction device.

According to the Emmet County Sheriff, Donovan embezzled more than $40,000 from May to December 18, 2013.

Donovan was released on bond and is scheduled to be arraigned on March 13.

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