Christopher Krabbe Dearborn County Law Enforcement Center   Michael Burnett Dearborn County Law Enforcement Center

(Lawrenceburg, Ind.) - Two former Hollywood Casino Lawrenceburg employees are accused of taking more than $400,000 from the riverboat through false security companies.

Indiana State police say a five month long investigation culminated in two arrests this week.

Hollywood Casino Surveillance Technician Director, Christopher Krabbe, 42, of West Harrison, is charged with Racketeering-Corrupt Business Influence, Theft, and Money Laundering, all Class C felonies.  He was arrested after meeting with police at the Dearborn County Law Enforcement Center on Wednesday.

State police had also arrested former Hollywood Casino Surveillance Director, Michael Burnett, 39, of Fairfield, Ohio, on Tuesday. He faces the same charges.

Investigators say the two men allegedly setting up two false security equipment companies. The two would then purchase security equipment and charge repair work from their companies to the casino, often overcharging and double billing for the equipment and work.

ISP Versailles Post investigators were assisted by investigators from the Indiana Gaming Commission.

Krabbe and Burnett have each bonded out of jail by posting $2,500 cash and $10,000 surety bond.