LOUISVILLE, Ky. (WDRB) -- A Greenville, Indiana woman is facing charges after officials say she stole nearly $400,000 and placed the funds into a personal account.

Cathy Rowan, 56, made her initial appearance Tuesday morning in New Albany federal court. She was charged in June with "making, uttering and possessing forged securities."

The U.S. Secret Service and New Albany Police Department worked together to investigate Rowan.

Rowan allegedly committed the crimes between Jan. 1, 2011 and June 1, 2015, while working as a bookkeeper for Elite Heating and Air Conditioning Refrigeration, based in New Albany, Indiana.

According to a news release from the U.S. Department of Justice, Rowan is accused of falsely preparing 178 checks with an approximate value of $378,000 by making the checks payable to herself rather than using the checks to pay legitimate business expenses of Elite Heating and Air Conditioning Refrigeration.

Authorities say Rowan also made false entries in Elite’s QuickBooks accounting software and deposited the falsely prepared checks into her personal bank account.

According to a probable cause affidavit filed in circuit court on June 10, 2015, Rowan was interviewed by New Albany Police in May and allegedly confessed to a Detective in a videotaped interview to stealing from Elite Heating and Air Conditioning Refrigeration.

Soon after, the case was turned over to federal authorities.

If convicted of the charges in federal court, Rowan could face a maximum of 10 years in prison and a $250,000 fine.

She has been released on her own recognizance and no future court date has been set.

New Albany Police have issued the following statement: "On 05-28-15 the New Albany Police Department was made aware of this situation and opened an investigation. The New Albany Police Department and U.S. Secret Service investigated this matter, which was subsequently sent through Federal channels for prosecution."

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