Lawyer/Accountant Charges With Stealing Hundreds of Thousands of Dollars From Guardianship and Family Trust Account

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.

Full Article and Source:
Doc: Accountant Stole Thousands from Widow, Family Trust

L'Oreal Heiress Loses Attempt to Free Herself From Daughter's Guardianship

Liliane Bettencourt lost a bid to remove her daughter and grandsons as her physical and financial guardians, a French court said in rejecting the L’Oreal SA heiress’s appeal.

The three will continue in their roles, the appeals court in Versailles, near Paris, said in refusing to alter the October decision by a family court judge who said Bettencourt wasn’t mentally fit to manage her own affairs.

“This decision reasserts Madame Liliane Bettencourt’s protection and the family’s duties,” her daughter, Francoise Bettencourt Meyers, and grandsons said in an e-mailed statement. Bettencourt is “protected from the pressure and solicitation that she has suffered for too long.”

[The] decision is the latest in a longstanding feud between the 89-year-old and her daughter. Bettencourt, France’s third-richest person, is the only child of L’Oreal’s founder. The family owns almost 31 percent of the world’s largest cosmetics maker through a holding company.

Full Article and Source:
L'Oreal Heiress Loses Bid to End Daughter's Guardianship

See Also:
Photographer Charged Over L'Oreal Heiress

Woman Convicted of Bilking Alzheimer's Stricken Mother

A Missoula woman has been convicted of bilking her Alzheimer's-stricken mother out of more than $120,000 by using a reverse mortgage on the elderly woman's home.

The Missoulian reports District Judge Karen Townsend found Paulette Homer guilty after a bench trial and scheduled a sentencing hearing for March 6.

Prosecutors charged Homer with exploitation of an older person or a person with developmental disabilities after the scheme came to light in 2009 when Homer's brother and sister filed a report of elder abuse.

A police investigation determined Homer received a check for $141,308 from the reverse mortgage in 2008 and then wrote checks totaling $120,593. The defense argued the money was a gift from Homer's mother.

Source:
Missoula Woman Convicted of Bilking Alzheimer's-Stricken Mother Out of More Than $120K

Court Ordered Hell.....Continues

It's been two years since The Tennesean published, "Court-Ordered Hell — How an errant judge and a controlling sibling stripped nashville rocker danny tate of his money, his livelihood and his legal rights" in an ex-parte "emergency" hearing (when there was no emergency), resulting in a "temporary" conservatorship with no end in sight.

The conservatorship was terminated in May of 2010, but in an unexpicable turn of events, Judge Randy Kennedy's final order left the conservator in control of Tate's estate (Kennedy denied the conservator's motion to withdraw).

How can this be?

These videos of the unlawful ex-parte "emergency" hearing of October 23, 2007 tell the story:

The only people that had any knowledge of this hearing were Judge Kennedy, campaign contributors Paul Housch, Robert Stratton and David Tate. The entire hearing lasted 19 minutes. That's all it took to strip Danny Tate of all constitutional rights. Nothing but fraudulent hearsay allegations were presented to the court without any supporting documentation.


Part 2 of the Ex Parte hearing in which Judge Randy Kennedy stripped Danny Tate of all Constitutional rights including "life, liberty and the pursuit of happiness", without Tate being served notice of this hearing, without Tate being present, all based on fraudulent allegations made by David Tate through his attorney Paul Housch.



Sign the petition to "Impeach Judge Randy Kennedy"




See:
Court-Ordered Hell — how an errant judge and a controlling sibling stripped Nashville rocker Danny Tate of his money, his livelihood and his legal rights

See Also:
Impeach Randy Kennedy Blog

Danny Tate, Tennessee Victim

NASGA's An Open Letter to Congress and the White House -3: A Review of Unlawful "Emergency" Guardianships

BoomersBewareOfConservatorshipAbuse

Editorial: Circle the Wagons; You Could be Next!

As I look back over the years of my life I find that I have been brought full circle back to my childhood.

I was just a young child when television and movies were still in black and white, when the “western” was a theme of more programs and movies than not. A time when “circle the wagons” and “white-man speak with forked tounge” meant little or nothing to me; after all, I am caucasian and it was just a tv show or movie.

I was, of course, a bit older when the 1960s and the Civil Rights Movement was in full force, when oppression and discrimination of the races was “in our face.” Then there was the 1970s with Vietnam and a Washington, D.C., administration that quit their jobs before being faced with prison for their crimes. Oh, these were reassuring times alright, and far more reality-based than the cowboys and Indians on the silver screen.

So what does all this have to do with today, when I am now older than I ever dreamt as a young child?

I now know what the Indian meant when he said, “white man speak with forked tounge”. I now know what the oppression, discrimination and retaliation of the Civil Rights Era meant to those who were oppressed and discriminated. How do I know these things as an aging caucasian female? Because my mother is under a court-appointed guardianship shoved into a nursing home against her will just like the American Indians who were guardianized by their treaties and shoved onto the reservations, only to be lied to, neglected and exploited by the very “forked-tounge” establishment who promised them care and protection.

I am utterly amazed and disappointed that our politicians can proclaim to possess concern for the elderly, concerned that they will be abused, neglected and exploited, yet when I reach out for help and protection for my mother from those in a position who say they care and who have the authorty to do something about the injustice, I am met by a bunch of “forked-tounge” speaking establishment types who are more than content to enjoy their own freedom and liberty, while depriving my mother of her freedom and liberty.

A bit of advice in close, “circle the wagons” folks: You might be next, because guardianship abuse is on the rise, it is nothing new I have since learned, and it is likely coming to a loved one near you sooner than you might think.

Jane Branson
Hillsboro
Member, NASGA - National Association to STOP Guardian Abuse

Source:
Circle the Wagons, You Could Be Next

See also:
Mollie Florkey, Ohio Victim

Judge in Mollie Florkey Case Recuses!

New Ethics Code for TN Judges Draws Praise, Concerns

A new ethics code for Tennessee judges may increase the public’s confidence in the judiciary, but some changes come at the expense of judges’ First Amendment rights, critics warn.

The revamped Code of Judicial Conduct bars judges from making political donations and imposes tighter restrictions on when judges must step down, or recuse themselves, from cases because of conflicts of interest. These are the first major revisions adopted by the Tennessee Supreme Court in more than 20 years.
Among the sweeping changes, legal observers said recusal reform deserves the most praise.

“Tennessee, overnight, has one of the best policies in the nation,” said Charles Hall of Justice at Stake, a Washington-based campaign to reduce the influence of money and politics in state and federal courts.

The new code, which takes effect in July, provides more specific guidance on when a judge should step down from a case, including when a judge has received a level of campaign support from a litigant that would cause a reasonable person to question whether the judge can be fair. Judges also will be required to step down from a case if they have previously presided over a judicial settlement conference or mediation in the same matter.

“The new recusal rules are going to give all litigants more confidence,” Tennessee Chief Justice Cornelia A. Clark said.

In all situations in which a judge has been asked to step down but refused, the judge will now be required to provide a written explanation of why they denied the motion, and that decision can be immediately appealed, while the remainder of the case is put on hold, to a higher court.

“There is really a procedure in place now that increases the transparency of the entire process,” said Maria da Silva of the New York-based Brennan Center for Justice.

Full Article and Source:
New Ethics Code for TN Judges Draws Praise, Concerns

CVS Caremark to Pay $5M for Defrauding Seniors

CVS Caremark, which simultaneously operates one of the largest US pharmacy benefit managers and retail pharmacy chains, will pay a $5 million fine to settle charges brought by the US Federal Trade Commission over charges that prices of various Medicare Part D drugs - including those for treating breast cancer and epilepsy - were misrepresented at CVS and Walgreen pharmacies.

The scheme allegedly caused many seniors and disabled consumers to pay up to 10 times the correct prices for their drugs and pushed them into the so-called donut hole, which refers to the coverage gap where drug costs are not reimbursed, sooner than anticipated. The settlement requires CVS Caremark to pay $5 million to reimburse consumers for the price discrepancies.

[UPDATE: "The settlement should...serve as a warning to any Medicare drug plan sponsors that have potentially misled seniors in their promotion of so-called ‘preferred pharmacy’ plans," Doug Hoey, ceo of the National Community Pharmacists Association, says in a statement. "At the same time, it is regrettable that the FTC’s actions fell short of more robust protections for consumers and pharmacy competition, which are warranted in our view. NCPA provided to the agency what we believe to be compelling evidence, including one-sided contract terms with pharmacy small business owners, patient privacy concerns and a lack of transparency."]

Full Article and Source:
CVS Caremark to Pay $5M for Defrauding Seniors

Illinois Passes New Law Criminalizing Financial Exploitation of the Elderly

Some of the most vulnerable Illinoisans will be better protected starting this month from those who would take advantage of them financially. Those who steal Social Security checks or defraud Illinois elders and people with disabilities have a better chance of being locked up under a new state law. That measure, House Bill 1689, increases penalties for such financial exploitation, in many cases making the crime a serious felony, depending on how much money is involved. Ryan Gruenenfelder, associate state director for advocacy and outreach with AARP Illinois, said most of these cases involve family members or caregivers. "That's why the Illinois Department on Aging and other elder abuse experts say that only about one in 13 cases of these crimes actually does get reported." Nationally, financial exploitation costs elders nearly $2.5 billion every year, and yet, Gruenenfelder said, many times it is treated as a civil case rather than criminal.

Source:
Illinois Passes New Law Criminalizing Financial Exploitation of the Elderly

Mary G. Sykes Speaks Out for What She Wants

Source:
YouTube: Mary G. Sykes Speaks Her Mind

See:
Mary G. Sykes.com

Mary Sykes, Illinois Victim