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Indianapolis attorney pleads guilty to theft charges

March 22, 2012

An Indianapolis attorney has pleaded guilty to theft charges after prosecutors say she took nearly $600,000 from two accounts for which she was responsible.

The Marion County prosecutor's office announced the plea agreement with Stacy Sheedy on Wednesday. Prosecutors say she faces a sentence of up to eight years. Her sentencing is scheduled for April 26 in Marion County Superior Court.

Sheedy, a local lawyer and accountant, had been charged with three counts of theft and one count of forgery following an extensive investigation that found $596,000 missing from two accounts.

Prosecutors were alerted last year to a possible theft from a guardianship account supporting an elderly woman diagnosed with Alzheimer’s disease and residing in a nursing home. Investigators found several unauthorized transfers and withdrawals, including checks Sheedy wrote to herself and to her business totaling more than $170,000, prosecutors said.

Sheedy received responsibility for the guardianship account in June 2010 and was removed in April 2011. Prosecutors allege she made at least 32 unauthorized withdrawals in a six-month span.

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