Wichita Falls Bookkeeper Reportedly Confesses to Stealing $200K to Gamble
Posted on: August 28, 2025, 09:22h.
Last updated on: August 28, 2025, 10:11h.
- A former bookkeeper in Wichita Falls allegedly stole from her employer
- An affidavit reports that much of the $200K in stolen funds went to tribal casinos in Oklahoma
A former accountant in Wichita Falls who fled Texas for California has been arrested on allegations that she embezzled more than $200K from her previous employer, with much of the ill-gotten money going to tribal casinos in Oklahoma.
The Wichita Falls Police Department reports in an executed affidavit for an arrest warrant that it filed an embezzlement report on behalf of a business in the 1000 block of Indiana Ave. on Aug. 31, 2023. The business owner and a manager began reviewing its banking records and financial transactions after a check from the business bounced.
The managers discovered hundreds of questionable transactions, including 204 unauthorized ATM withdrawals, 26 unauthorized checks, 191 PayPal transfers, and 68 unauthorized Square charges. The checks and transactions were written to various accounts controlled by the business’s former bookkeeper, Kassy Elizabeth Cunningham.
Checks were written to Kassy Cunningham, stamped with the business owner’s signature, charges went to the PayPal account of “Kcunningham1,” and Square payments were made to the web address KassyGosq.com. Most of the ATM withdrawals, investigators said, were “associated with gambling.”
Wichita Falls is just south of the Oklahoma border, near many tribal casinos.
Suspect Admits Guilt
Wichita Falls law enforcement says the theft in question occurred between Sept. 8, 2022, through Aug. 1, 2023.
Cunningham, the business owner said, was responsible for paying utilities and submitting sales reports to the owner. An investigator said in his affidavit for an arrest warrant that when reached by telephone by the business owner, Cunningham acknowledged the theft but stated she didn’t realize its extent.
Cunningham had resigned from the company, which wasn’t named in the affidavit, and relocated to California before the embezzlement was detected. In the affidavit, a Wichita Police Department investigator said Cunningham “wanted to fully cooperate” after they spoke on the telephone.
Cunningham phoned me of her own free will and wanted to fully cooperate. Cunningham acknowledged that she committed the theft … and expressed remorse, stating that the funds were used at the casino and for her medical care. Kassy Cunningham said she was unaware of how much money she took from the business,” the affidavit read.
There are several businesses located within the 1000 block of Indiana Ave., including an auto glass company, a restaurant supply store, and a restaurant. The affidavit said Cunningham sought to conceal her actions by “moving funds from the victim’s account through various methods.
Delay Unknown
The arrest warrant for Cunningham was signed by a Wichita County Judge on Dec. 21, 2023. According to Wichita County court records, she was only booked into jail, and her bond was set this week, on Aug. 27, 2025.
The Wichita County Sheriff’s Office records show Cunningham remains in custody. She’s been charged with a second-degree felony, or theft with the intent to deprive the owner of property.
A person found guilty of such a charge faces two to 20 years in prison and a fine of up to $10K. The affidavit said the business owner “requested that charges be pursued.”
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