A Stone County Grand Jury handed down an indictment of Tina Owens Gillespie last Wednesday.
The indictment contains five counts of embezzlement totaling more than $300,000.
Gillespie, the former executive secretary for the Stone County Economic Development Partnership, was arrested and charged last December after an embezzlement scheme at the SCEDP unraveled.
A bounced check led to an investigation which uncovered a long history of check forgery and transfers of funds which would ultimately end up in an account held by Gillespie at one of several banking institutions.
Stone County Sheriff Department Investigator Eddie Rogers said the indictment indicates to him that his investigation had been thorough and complete.
The final count in the indictment alleges the activity went on for more than two years, between Sept. 2010 and Dec. 2012.
"This has been a long time coming," said Laura Owen, who had taken over as Chairperson of the SCEDP Board of Directors just as the case began to break. "I'm eager to see justice served in this case."
Gillespie was given an arraignment date of Jan. 13 but it is likely her attorney will waive the arraignment and a trial date will be set at that time.
Gillespie's friend, Veronica Morse, was recently sentenced to 20 years for her embezzlement of more than $200,000 from the Bank of Wiggins.
Investigators had alleged when the SCEDP case broke that Morse had assisted Gillespie in her embezzlement scheme.
Former SCEDP Executive Director, Jay Paul Gumm, was also charged with embezzlement totaling approximately $20,000.
His case is expected to go to the Grand Jury within the next month.