IN: Attorney Stacy Sheedy Pleads Guilty in $596K Fraud

An Indianapolis attorney and accountant pleaded guilty to theft as part of an agreement with prosecutors.

An investigation discovered late last year that $596,000 was missing from accounts managed for clients by attorney Stacy H. Sheedy. She was charged in January.

Sheedy admitted to two counts of theft, according to a release from Marion County Prosecutor Terry Curry, and will receive a sentence of up to eight years. Sentencing is scheduled for April 26 in Marion Superior Court.

The guardianship account supported an elderly widow with Alzheimer’s disease residing in a nursing home. Grand jury investigators uncovered unauthorized withdrawals and unaccounted-for funds from the guardianship accounts totaling more than $172,000, the release stated. Sheedy made at least 32 unauthorized withdrawals over six months, investigators found.

That discovery led grand jury investigators to also examine Sheedy’s role as trustee of a family trust. A brokerage account within the trust was valued at $501,000 when Sheedy became trustee, the release stated, and was valued at $168 in January. Prosecutors alleged that Sheedy made unauthorized withdrawals from the trust account of $412,500.

Full Article and Source:
Indianapolis Attorney Stacy Sheedy Pleads Guilty in $596,000 Fraud

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5 Responses to “IN: Attorney Stacy Sheedy Pleads Guilty in $596K Fraud”

  1. Thelma Says:

    If the court system can't keep "fiduciaries" – what a joke – from helping themselves to client funds, then they shouldn't have access to those funds.

  2. Pat Says:

    ooops must have been trained and coached by my guardian may this one rot in he** with the other liars and theives who profess to be "guarding"

  3. StandUp Says:

    What gets me is how they can steal so much before they get caught? It's an example of a big misconception which is that lawyers as officers of the court are trustworthy. No they're not. They're just people. And they should be subjected to the same standards as non-lawyers.

  4. Anonymous Says:

    8 years is not nearly long enough I hope IN has truth in sentencing laws or the low life perp will be out in no time laying in wait for her next victim. Each withdrawal is a crime, add it up folks. I would incarcerate this greey low life for the rest of her sorry *ss life. I hope the other inmates get a heads up as to how she took advantage of the helpless with payback the old fashioned jailhouse way.

  5. Barbara Says:

    I hope the judge throws the book at her.

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