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White-Collar Crime

Ind. Attorney Gets 8-Year Max in Client Theft Case Involving Nearly $600K

Posted May 3, 2012 4:20 PM CDT
By Martha Neil

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An Indianapolis attorney and accountant has been sentenced to the 8-year maximum prison term after pleading guilty to two counts of theft from clients.

Prosecutors in the Marion County case said Stacy H. Sheedy, 51, had drained a $501,000 family trust for which she was responsible since 2007 of all but $168; investigators say $412,500 of those withdrawals were unauthorized. They say she took another $172,000 in unauthorized withdrawals from a guardianship account over an approximately six-month period in 2010, according to WISH and WRTV.

Sheedy apologized in court before her Thursday sentencing.

Marion County Prosecutor Terry Curry personally appeared for the sentencing, telling Superior Court Judge Mark Stoner that he is offended that an attorney would commit such a crime and wanted to emphasize with his presence how serious he considered it, reports the Indianapolis Star.

Earlier coverage:

ABAJournal.com: "Lawyer Arrested, Charged with Stealing $600K from Guardianship and Family Trust Accounts"

Updated at 5:02 p.m. to clarify the amount of money at issue.

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