The Commercial Appeal reports (http://bit.ly/QaoW6w) former Principal Michael McCoy of Olive Branch, former assistant principal Audrey Phillips of Memphis and former bookkeeper Kelli McGowen of Southaven are accused of taking more than $10,000 from various school accounts.
In addition to conspiracy and embezzlement, Phillips is charged with making false statements and misrepresentation.
An internal school audit in June triggered the criminal investigation after auditors discovered irregularities in several accounts. Both McCoy and McGowen resigned in June. Initially, Phillips was transferred to another school, but she later resigned.
All three remain free on $7,500 bond each.
If convicted of embezzlement, they could face five to 10 years in prison.