Lawyer Arrested, Charged with Stealing $600K from Guardianship and Family Trust Accounts
Posted Jan 19, 2012 12:34 PM CST
By Martha Neil
An Indiana attorney who is also an accountant was arrested today and has been criminally charged for allegedly stealing nearly $600,000 from two client accounts.
Stacy H. Sheedy is accused of stealing $170,000 in less than a year from a guardianship account for an elderly woman with Alzheimer's disease, after taking charge of it in June 2010, according to the Associated Press and the Indianaopolis Business Journal.
Questions raised in that matter led authorities to review Sheedy's earlier handling of a family trust, from which she is now accused of making unauthorized withdrawals of $400,000 since her 2007 appointment as trustee. She allegedly covered her tracks initially by providing investors with falsified statements concerning her purported investment of the missing money in a nonexistent fund.
She is charged with five theft counts and two forgery counts in the Marion County case.
The articles don't include any comment from Sheedy or her counsel.