Sue Byrd Hicks, 52, is accused of embezzling funds from Accent Fabrics, where she handled the company's finances, for several years.
Authorities said she used the money to pay utility bills, auto repairs, medical procedures, clothing and property taxes and to finance two businesses she used to own.
It's unclear how much money was taken, authorities said.
Investigators began looking into the case after Accent Fabrics' owner was notified by the IRS that the company was delinquent on several years of tax payments, authorities said.
Hicks was released after posting a $242,500 bond on Wednesday.
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