An Indianapolis attorney and accountant faces charges stemming from allegations she stole hundreds of thousand dollars from two accounts she managed.The Marion County Prosecutor’s Office says Stacy H. Sheedy faces three counts of theft and one count of forgery after investigators discovered $596,000 in withdrawals and unaccounted money missing from a guardianship account and a family trust account.
According to court documents, money turned up missing from a guardianship account that supported an elderly woman with Alzheimer’s disease. In that case, investigators say they found several unauthorized transfers and withdrawals, including checks Sheedy allegedly wrote to herself.
Investigators say money started disappearing from that account two months after Sheedy took control.
“Stacy Sheedy failed not just her profession, she also failed the people for whom she had a fiduciary and ethical obligation to protect,” said Prosecutor Terry Curry. “This type of theft is unconscionable, and we simply will not tolerate it. We look forward to vigorously prosecuting this case to its conclusion.”
During the course of their investigation, they began looking into Sheedy’s work with a family trust account. According to the prosecutor’s office, the family trust was valued at $501,000 when she became a trustee. Now the same trust is valued at $168.
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Doc: Accountant Stole Thousands from Widow, Family Trust
Here we go again, another professional caught with her hands in the cookie jar.
ReplyDeleteThis is just a thought ...
ReplyDeleteBecause Elder Exploitation is over whelming in America and only going to get worse it's imperative our States put in place in every Bank "Financial Guardianship Monitoring" of all the Elder's accounts.
Force the lawyers, accountants, judges, anyone that can get their hands on the Elders money MUST show "Exactly" where that money is being spent before one dime is removed from the Elders accounts...this will slow the predators down.
By putting a financial monitoring system in the banks for the guardianship accounts makes it harder for predatorsto steal the elders life savings and all their assets, especially if they're face to face with Bank Authorities who will force them to give proof, an account of "WHY" they're withdrawing large sums of money from the Elders bank accounts.
It will Force the predators to be responsible, honest, even keep them out of jail, forcing higher tax dollars on our citizens.
Most the time, Greedy predators always get caught in the end but unfortunately by then, all the Elders money and assets are gone...
Shameful !
Predators of Elder Exploitation believe they're smarter than anyone else and won't get caught especially since no one is watching.
They should understand their arrogance is a false sense of security because either the families or Officials "Will" find out, press charges and put the predators of Elder Exploitation behind bars.
Greed is Never worth your Freedom.
I hope they do a thorough investigation and look at every guardinaship Stacy Sheedy was/is involved with.
ReplyDeleteI am thrilled they got her!
ReplyDeleteJail time, resitution, AND community service would be appropriate.
ReplyDeleteI wonder what prosecutor Curry thinks of court-appointed fiduciaries who "steal" with a pen.
ReplyDeleteoak tree justce
ReplyDelete