Store manager accused of stealing $3,600 in deposits - KAIT Jonesboro, AR - Region 8 News, weather, sports

Store manager accused of stealing $3,600 in deposits

William Floyd Tippitt (Source: Craighead Co. Sheriff's Office) William Floyd Tippitt (Source: Craighead Co. Sheriff's Office)
JONESBORO, AR (KAIT) -

Jonesboro police arrested a Dollar General store manager after investigators say he pocketed three deposits totaling $3,600.

William Tippitt, 37, of Brookland is charged with felony theft $5,000 or less but greater than $1,000 from a building.

On Friday, Jerry Gifford, the store’s district manager, and Jason Owens, the regional loss prevention manager, called the police to report the alleged theft.

Both said the business had three daily deposits totaling $3,601.80 come up missing on Sept. 27, 28, and 29. They suspected Tippitt of the theft, the report stated.

Owens said he learned during his investigation that Tippitt never deposited the money with the bank next door. He also said the daily deposit slips were not scanned or uploaded into the store database.

Owens told the investigating officer security camera footage showed Tippitt enter the store at approximately 6:15 on the mornings of the missing deposits and turn off the alarm. The video then showed Tippitt remove the deposits from the safe, set the alarm and leave the store.

Due to Tippitt’s “unusual” activity, Owens told police he believed Tippitt was “floating deposits,” meaning he was using current deposits to cover for previous ones.

When Gifford and Owens went to the store Friday to confront Tippitt, they said he left “in a hurry” to pick up his children.

When he did not return, Gifford called Tippitt who said he had a flat tire on Highway 351. Gifford told him that police would come to his location to speak with him. However, when officers arrived, there was no sign of Tippitt.

A Brookland police unit went to his home and spoke with his wife.

A short time later, Tippitt reportedly called Gifford and said he was on Highway 351 and his truck would not start. Gifford then went and got him.

After returning to the store, Tippitt agreed to an interview after being read his Miranda rights.

According to the incident report, he “repeatedly advised that he had taken the deposits to the bank drop box next door, but could not give a reason as to why the bank did not receive the deposits or the lack of deposit slips.”

Police arrested Tippitt and took him to the Craighead County Detention Center. On Monday, Oct. 3, Craighead County District Court Judge Keith Blackman found probable cause to charge him, setting Tippitt’s bond at $1,500. He also ordered Tippitt to appear in circuit court on Nov. 23.

Copyright 2016 KAIT. All rights reserved.

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