Police in Davidson and Mooresville have arrested a 42-year-old former Liburdi Dimetrics Corp. employee and are investigating the alleged embezzlement of about $365,000 from the company over the past two years.

The case is under investigation in both towns because Liburdi formerly was located on Armour Street in Davidson, but recently moved to a site on N.C. 21/Charlotte Highway in Mooresville. The company is a subsidiary of Canada-based Liburdi Group of Cos.

Davidson police said Sandra Renee Hubbard, 42, of Harrisburg, is accused of embezzling $292,000 from Liburdi Dimetrics between 2007 and 2009 while it was in Davidson. Mooresville police are also investigating allegations that Ms. Hubbard stole about $73,000 from the company after its move.

Police reports and arrest warrants say the money was taken via company checks and credit cards. Davidson Police Detective Steve Ingram said Ms. Hubbard formerly worked for Liburdi Dimetrics in a variety of jobs, including accounts payable. An arrest warrant in Mooresville says she was the clerk of Liburdi’s US subsidiary, LE USA Inc.

Ms. Hubbard was arrested Feb. 24 and later released on $15,000 bond.

Mooresville police have charged her with four counts of felony embezzlement in connection with the Mooresville cases. Detective Ingram said Davidson police are also developing evidence and expect to charge her in Mecklenburg County as well.

Company officials called police to report the embezzlement. The case is still under investigation.